Hi Mike, lots of investors these days have short-termitis, the infectious ailment with no know cure that occurs during the end of tired US stock bull markets. Symptoms include questioning fees, demanding explanations for YTD performance and complaints that neighbors are making more than me. Might be interesting to someday ask your A-list managers what they consider short-term and long-term market cycles and/or time frames investors must consider before capitulating on proven non-correlating alpha generating strategies.
The performance data always tells the story better than me.
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