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Quote of the Day
"But the heart of true strategy is not about plans or proclamations or vision statements, it is about making the few key choices that enable you to serve customers in a distinctive and valuable fashion. It doesn’t matter if you call it strategy or “doing things.” These two business giants [Bogle and Kellher] were all about choices and when they made them, they chose distinctively."(Roger L. Martin)
Chart of the Day
Look for the next credit hiccup to come from the leveraged loan space.