Blood Bath

...“It was a bit of a bloodbath,” as swings in the markets challenged stock pickers, Jagdeep Bachher, chief investment officer at the University of California system, said at an investment committee meeting on Sept. 9...

Full story at http://www.bloomberg.com/news/articles/2016-09-12/seven-college-endowments-report-annual-losses-in-choppy-markets

From the same story: (We appear to be tied for #1!)

Click on image to enlarge

As noted yesterday, once we have finished reviewing that September 9th meeting, we will post it and archive it.