Yellowstone
We refer you to part 1 of this series for an introduction to our post on IP’s Q4 2009 report. In this part 2 we highlight excerpts from both funds’ “Perspectives” sections. It’s no accident that they address the same themes and mention the same measures we’re taking.
Read more about IP report excerpts, vol. 5: Yellowstone? – part 2
In the latest of post of our series on IP’s reports, we discussed the current investment environment in the Q4 2009 letter. We liken the current optimism and false sense of security to the sensation some visitors to the Yellowstone National Park feel: they’re awed by the place and how beautiful it looks, but forget or don’t know that a large area of the park is in the very crater of one of the world’s largest super-volcanoes. In this part 1 we highlight excerpts from the “Introduction” section of the report.
Read more about IP report excerpts, vol. 5: Yellowstone? – part 1
