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Havens Quotes

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Havens Quotes

“You know what I wonder about? This - the more details of Sven-Göran Eriksson's love life that appear in the press, the more contempt he attracts for his choice of substitutes in England games. Now, we haven't done the research, but my guess is that Sven's performances in the sack and that of his subs on the pitch are not correlated. So why do we link them?”

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”

“One day I went to the manager and I asked him whether his model was working and he said, "Well, haven't you seen how many customers we have in this store?" And yes indeed I had. I mean it was definitely attracting a lot of customers, even attracting tourist buses that would land up at this store and people would go through the store and marvel at all the options, even sometimes take photographs of the various aisles.”