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"It can't just be the return on investment, because, if so, you're in the wrong asset class," she said.
"Intu thought this was a cyclical problem... whereas our point is this is a secular shift to internet shopping, that you have the wrong asset class," said hedge fund manager Crispin Odey, which has a long-term short position in Intu.
And if you happen to be in techs (the wrong asset class), you can sell into strength.
Endowments that have been chasing private equity, hedge funds, real estate and venture capital but don't own Treasuries had precisely the wrong asset allocations.
What it does is reduce risk exposure and protect against the consequences of being concentrated in the wrong asset class when that asset class turns down.
What it does do is reduce your risk exposure and protect you against the consequences of being concentrated in the wrong asset class when that class turns down.
Similar(54)
Malinvestment occurs when, deceived by the price distortions caused by unstable money, businesses invest in the wrong assets.
He always insisted there was nothing wrong with asset stripping, because it resulted in assets being used more efficiently.
If America suffers several years of slow growth as its financial imbalances unwind, however, the verdict must be that the Fed got it wrong.* "Asset prices, financial and monetary stability: exploring the nexus", by C. Borio and P. Lowe.
Then something went wrong again: Asset X's original C.I.A. handler had been transferred, and his replacement didn't know Asset X's real value.
If prices move the wrong way, as asset can turn into a liability, or a liability can become much larger.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com