Rate Of Return
CommemorativeRoy Neuberger (1929 Great Depression)
- Background: The US stock market plummeted by 89%, countless people went bankrupt.
- Operation: Detected abnormal stock prices, decisively hedged and managed risks.
- Result: Preserved all principal; had no losing year in his 68-year investment career.
- Logic: Don't bet on a single direction; use tools to lock in principal.
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