Shorts have the toughest job in the market. Don't be too critical. It's nearly impossible to generate consistent alpha in a market with a positive tendency of +8% a year.
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Don’t be silly. He’s betting on the scams and unrealistic hypes coming undone (let you decide which is which), nothing to do with a market melt down - he is still net long (120pct long, 60pct short) according to the letter
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Must be stupid
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Good thing he has the
#TaxCutsandJobsAct carried interest tax treatment for hedge funds.... -
It's a bit difficult to benefit from the carried interest tax "concession" if you don't earn any carry
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