人は他人の失敗を喜ぶ
The recent news of the continued troubles at Valeant and hedge fund manager Bill Ackman’s losses in the stock have gotten many people excited. Lots of investors and other hedge fund managers are metaphorically screaming, “I told you so.” They’re even excited that Mr. Ackman is on the losing side of the trade while they’re on the winning side. Well, the jury is still out on what will happen with Valeant and what its long-term effect on Ackman’s fund will be, but one thing is clear: Investing is a blood sport and when the sharks smell blood, they pounce. Still, I think the real story is volatility. Market volatility has […]