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Dylan Lewis: I got to say, I feel like there are a lot of fund managers out there that chose to benchmark to something that Nvidia is not in, feeling pretty good this year about their comps. Results in from consulting firm Accenture. That's the worst underperformance since 1990. Ron Gross: Now, you're right. It is the burgeoning.
The performance at the fund flagged, which sort of set him back hunting for what was going wrong with his style of value investing. And since that happened, I don’t know, about four or five years ago, the fund has been putting up great numbers, outperforming doing really, really well. I interviewed with some airlines.
Maria Vassalou has a fascinating history and background, London School of Economics to Columbia School of Business, where she actually was a professor for over a decade, and started consulting to the hedge fund and financial services industry. But over time, as you know, there was this big shift towards passive investing.
And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. And on behalf of that funds, you made a bet that, hey, this thing is gonna blow up. Luck is better.
With the feasibility study now completed our focus has shifted to the early works, project start-up and wrapping up the funding. We have the balance sheet strength to fund our growth and continue to invest in our own future without relying on the market. And that's one of our key focuses is that we're not passiveinvestors.
Lawrence McDonald is a risk consultant, the founder of The Bear Traps Report, and the co-author of How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy. Mary Long: I'm Mary Long and that's Larry McDonald of risks consultant and founder of the Bear Traps Report.
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