Vitaliy responds to a letter from a concerned client about recent (3 month) underperformance versus the index.
To do this, he zooms out to answer the question, What are we really trying to do? What has to be in place for IMA to achieve its investing goals? What do we need from clients in order to succeed?
You can read this article online here: https://contrarianedge.com/ima-is-not-for-everyone-im-fine-with-that/
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