coach d wrote:
Pershing Sq/Ackman is down 0ver 1o%
Greenlight/Einhorn down 16%
Glenview down 20%
http://www.cnbc.com/2015/11/03/hedge-fund-hitters-underperform--in-a-big-way.htmlIt's been so easy to step in potholes - while the market is flat for the year many parts of it have been utter disasters.
I've had some of that - I own some IDV, which is supposed to own dividend paying stocks overseas. UNfortunately it owns a lot of Australia, which has been muhdered dead.
Very trick market - hard to keep up with it.
Not tricky at all. As I've been saying for months now, just find an industrial commodity and short it. Gold, other metals, oil, gas, lumber....you name it.
Barclay has the average hedge fund up just over 2% at the end of October, compared to the Morningstar US Equity Fund average of 0.42%.
But those that played risky games like EM debt or Latin America have paid the price. There are always those like LTCM that throw caution to the wind, and you know what happens to people like that.[/quote]
well actually shorting industrial commodities is very tricky. You have a $4 billion hedge fund...how much of that are you going to put in a short commodity strategy? When that's a losing game long run - it's a pure timing game, whereas stocks have an upward long term swing.
Anyway - keep at it D but I'd be worried that everyone is on one side of the boat on that one.
FB reports tonight - that's a fascinating company and stock - it owns its space like no other - it's going to be a cash machine for decades. But its valuation is cray.
I'm amazed at that company - its clients provide the content and FB sells ads. It's the most amazing biz strategy ever. Their margins must be incredible. And they don't really have a better mousetrap problem - FB's moat is impossibly wide for the foreseeable future.