Experience Stern | News & Events

Excerpt from CNBC -- "If you're focusing on the pricing process, I call you a trader and I don't attach any negative connotation to that. I don't think of traders as being shallow people and investors as being deep people. There's nothing wrong with trading. ... My problem is with people who play the pricing game, but talk the value game. Many portfolio managers act like investors, but they behave like traders, and that to me is a problem."

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