It is the numbers – stupid!
Everyday it seems another hedge fund is going out of business or in trouble.The volatility of 2008 is taking its toll on many funds both large and small. It is very strange. New funds cannot seem to get off the ground and some well-known established funds are closing their doors. It is the numbers – stupid. It is bad out there. Do not be fooled by recent rallies things are tough and do not seem to be getting any better. There is some light at the end of this tunnel. The bright side is that this volatility is truly getting rid of a lot of the dead weight in the […]
A Bit of a Bump and Bruise
I hate to say I told you so, but I told you so: Things are bad, and they may get worse before they get better. You don’t need to read this blog to learn that jobs are being lost, prices of everything from a carton of milk to a gallon of gas are through the roof and there is no end in sight for the conflict in Iraq and Afghanistan. But my advice is the same as it’s always been. If you look back at some of these blog posts over the last year or so, as well as some of the material in our newsletter and my books, I’ve […]