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“To be sure, this is a startlingly large loss... When put into appropriate context, however, it starts to seem less disturbing.”
-Chris Brightman, CEO of The University Of Virginia Investment Management

Apparently Mr. Brightman has lost a "B" in the last 4 months... as in one billion dollars. But, when you consider that within the realm of his own narrative fallacy, it's not so bad. Everything is relative right?

Disturbing times we live in, indeed. Thank God that the governing principles of Transparency and Accountability are finding their way into the once hallowed halls of institutional investing.
KM