Elm Ridge 3Q21 Commentary: Santayana Was A Schmendrick
Elm Ridge commentary for the third quarter ended September 2021, titled, “Santayana Was A Schmendrick.” Q3 2021 hedge fund letters, conferences and more Graham and Dodd investors are people who place a very high value on having the last laugh. In exchange for the privilege they have missed out on a lot of laughs in between.” - Michael Lewis How many times must we bail from a wave And almost get swallowed by the sea? And why does it look that I tilt at windmills Do my quests approach reality? Are we just a bunch of old Troglodytes Can we think, or just depend on memory? The answer, my friend, w...