In a classic Seinfeld episode, George Costanza’s life takes a turn for the better when he rejects commonsense and starts doing the opposite.
He tries an antithetical pick-up line on an attractive woman, “My name is George. I’m unemployed and I live with my parents.” He is amazed to find she agrees to a date.
Robert Sanborn, co-founder of hedge fund Sanborn Kilcollin Partners and portfolio manager of the Elkhorn Fund, thinks something similar is happening in the financial markets.
The Federal Reserv
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