, Columnist
Ideology Is Killing Your Investment Returns
If you let your political ideology get in the way of your investing decisions; the results won't be pretty.
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"It's going to blow up the deficit, won't create any jobs and will cause all sorts of other problems."
A hedge-fund manager was lecturing me about the Jobs and Growth Tax Relief Reconciliation Act of 2003, better known as the Bush tax cuts. I had been suggesting that this fund close its short positions on technology stocks, and move to a more constructive equity posture. I was getting nowhere.