Sold what needed to be sold, and reserved what needed to be reserved. The market has reacted—this bear-market panic period is already over. It’s a bit trashy, but that’s just how it plays. What can you do?


It’s a bit trashy, but that’s how it plays. The key is that during the previous panic, mNAV was below 1 for only a few days—I'm really impressed. US stock-market “leeks” can never be cut enough—just keeps getting harvested.
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