This was about cutting losses. This was about moving on. This was about accepting the fact that when you make tons of decisions you will inevitably make some bad ones. And how you react to bad decisions is often as important as the good decision that you do make.
What it was not about is emotion. The folks who run Elliott Management, owners of Milan, aren’t in the business of emotion. If they were, they wouldn’t have stuck around this long managing close to $10 billion in (mostly) other people’s…