Middle East Notes and Comment: Value Investing
November 24, 2008
Hedge funds have had their day. Following years in which audacious bets paid off handsomely, the financial markets have tanked. The Bush administration has made similar bets in the Middle East, and it has left similar wreckage. Now many investment professionals are returning to the fundamentals: solid analysis, sustained investment, and modest expectations. President-elect Obama needs to return to the fundamentals of Middle East diplomacy.