In contrast, the early scientific and technological achievements of Asia were not weddedto great enterprises or great purposes but remained largely clever instruments to be admired.
Were the political class more economically insightful, and perhaps not so weddedto banks, it would properly let existing home prices correct in concert with a collapse in housing starts so that always limited capital could more realistically migrate to more useful economic ideas.
Morningstar analyst Christopher Davis explains the poor performance by noting that Oak is weddedto the silicon, health care and biotech names that were stars in the previous decade.