Wow…! What a difference a month makes …. I had lunch with Arthur Hill yesterday in Breda (the Netherlands) which is halfway where he lives in Belgium and where I live in the Netherlands (Amsterdam). Obviously the discussion was mainly about the freaky market move we have seen in October. At one point Art nailed it with the statement: “I think that a lot of fund managers wish they had taken a holiday in October”.. it would have prevented them from taking wrong decisions.