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Ferrari Status

Is Ferrari a car company…

In doing so, this is forcing companies to invest in areas outside their circle of competence, hire people to sell products that aren’t ready for “go to market,” and to lose discipline more broadly. Vanguard is far from alone though as KKR recently announced a partnership with the mutual fund complex, The Capital Group, in order to expand its alternative offerings to “non-accredited” investors. Those that have maintained the discipline to, in Enzo Ferrari’s words, “deliver one fewer (investment or fund) than the market demands,” while avoiding those that have gotten seduced by growth at all costs.

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