American Capital Agency: Making Money the Old-Fashioned Way [View article]
You can't suffer realized losses waiting for information on making a more confident buy decision. Whether AGNC has something strange in its revenue stream that produces unexpected lumpiness is something we will definitely have to wait to see. Being conservative is a way to avoid losing money, and avoiding losing money is a key to building more of it.
American Capital Agency: Making Money the Old-Fashioned Way [View article]