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— Scott D. Anthony"A spreadsheet for an innovative idea reports the mathematical relationship between made up numbers. You can't cash a spreadsheet."
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When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net cash in 2008, when the right thing to do in terms of value would have been to do the opposite.
— Seth Klarman
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I relate to what Gov. Romney brings. I know what it means to balance a budget. I know what it means to write a paycheck and not only cash one. I know what it means to create a job, and I know what it means to struggle with my business every day in terms of keeping our doors open any day but definitely in a difficult economy.
— Sher Valenzuela
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