Ackman, Einhorn, and John Paulson have each made exactly one great trade. The rest has been noise.https://twitter.com/planmaestro/status/841751717553283073 …
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biggest wins are almost always long. (Same with you guys... long w/ founders @ low basis).
Very interesting. My spidey sense tells me that could be a very widely applicable principle.
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But if the biggest wins tend to be long, why are shorts popular? Because medium-big wins are big enough?
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big q. Much depends on personality of $ manager. There is enormous social value in non-manipulative shorting (i.e. fraud discovery)
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100->1 is tougher for compounding than 1->100
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That also seems widely applicable...
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deserves an essay
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