If, as we are constantly told by the mainstream media, equity market performance is all that matters in the real world, then the following chart from The Economist should provide much food for thought for those praying at the altar of the elites in Davos. Despite hanging on their every word as if handed down by The Oracle herself, ‘companies that regularly attend Davos’ have dramatically underperformed the broad market… so, in the modern parlance of ‘stocks are all that matters’ – Davos attendees are less smart than the average business manager (and perhaps less smart given the costs of attendance for this lack of edge).
via Zero Hedge http://ift.tt/1hrwAlN Tyler Durden