Mascots have been around for centuries, used to represent a group with a common public identity. Ranging anywhere from animals, objects, people, plants and symbolic imagery to even the most strange and abstract things, the mascot is an identifier for luck, strength and unity.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More