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A video clip from official statehouse footage posted on YouTube showed the 69-year-old, silver-haired governor pausing to take a sip of water, then slurring his words as he tried to resume his address before slumping at the lectern. He appeared to hit his forehead on the lectern as he lost his footing and aides rushed to grab him. Gasps rose from the assembly hall and someone was heard saying, "Get him to the ground, get him to the ground, please." Lawmakers immediately adjourned the session while Dayton, a member of the Democratic-affiliated Minnesota Democratic Farmer-Labor Party, was attended to. The Minneapolis Star Tribune said Dayton appeared to be seated upright and aware some moments afterward. The episode came about 40 minutes into Dayton's speech to a joint session of the state legislature, according to a statement released by his chief of staff, Scott Kendall. "He quickly recovered, walked out of the Capitol and turned home," Kendall said, adding that emergency medical technicians met Dayton at his home and performed a "routine check" on him there. "He is now spending time with his son and grandson" and would present his 2017 budget to legislators on Tuesday morning as planned. Gubernatorial spokesman Sam Fettig said the governor, now midway through his second four-year term, did not go to a hospital. Fettig declined to say what might have caused the governor's collapse but said he believed Dayton to be otherwise in good health. Dayton's son, Eric, posted a separate message on Twitter saying, "I'm with my dad now and he's doing great. Thank you all for your kind well-wishes and words of concern." Dayton was briefly hospitalized about a year ago after fainting while speaking during an event in the St.
Ben Graham found a profitable and consistent strategy to beating the markets, Buffett learned it, and now it's widely known. Like Thorp, the strategy is widely discussed, easy to apply, and the availability of the bargain issues have all but disappeared. In actuality, if you still want to find bargain stocks, you can find them, but the hair around them have increased overtime (higher risk). This is why we believe that combining a variant perception macro view with fundamental equity research is the new frontier. No longer is it enough to just find a beaten down stock in a beaten down industry, we must understand the perception and the variant perception as to why the industry is beaten down, and how it will recover. Similar to how Superforecasters approach the business of forecasting, we have to take into account not just one factor (value), we must take into account all the factors that could potentially affect our investments. These things have now branched out into macro, technical, sentiment, and perception. It is now more important than ever to understand what the other side is thinking and whether the variant perception requires us to be long-term holders or an insight edge, it will become the inevitable path all value investors have to take. So from this day forward, rather than calling ourselves value investors, we will call ourselves opportunistic investors. We think the combination of variant perception in macro combined with detailed research into individual names will give us the edge we need to outperform the markets over the long-run. This might also mean that we don't have ideas for an extended period of time, but we are patient when the returns are attractive.
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