Mon, 2009/02/09 - 2:33pm | Your editor
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     Today’s further unlinking of indexes with individual stock performance increases my confidence in the stock-picking way we invest. The further breakdown in the link between the price of gold and that of oil further increases my confidence in micro-economic rather than broad-brush investment advice.

     But having said that, I think there are lessons which can be drawn about the situation of companies in the same industry from the experiences of their rivals.

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