I will rarely make any political comments here, but this time I simply can’t help it.
Yesterday’s announcement that U.S. President Barack Obama is this year’s Nobel Peace Prize recipient is just too amazing to pass up. The beauty of investment performance measurement is that it’s non-subjective … we measure results mathematically. Granted, we might disagree on the methodology, but we still use numbers. Subjective measures are much more difficult and are often subject to bias. I think we’re witnessing such action right now.
But, I won’t say any more than that. I will let Peggy Noonan do the talking: http://online.wsj.com/article/SB10001424052748703746604574464083239280914.html.
p.s., out of fairness, here’s a different view on this topic: https://www.youtube.com/watch?v=GMJuEOaF84o