The Toxic Twins Recurrence: Fannie Mae & Freddie Mac
Every time I find myself in a position where it seems it just has been too much to take and every fiber in my being is screaming, “Just close the position, just end it,” I remember all the many, many times in my study of market history where I pointed to a spectacular recovery or return and marveled at how absolutely inhuman it would have been for someone to have held through the period.