Blogs

“I believe there will be a culling of hedge funds like we've never seen before. I'd estimate the number of funds gets cut in half over the next couple of years.”

“The SEC said that Walters called and then sent text messages to Mickelson, who ultimately bought a $2.4 million position in three accounts he controlled.”

“Goldman Sachs’ planned exchange traded fund tracking the 50 most popular hedge fund stocks might be better shorted than purchased.”

“I think hedge funds are coming off what’s clearly been a difficult 6-9 months. But if you look back, they tend to go through these cycles every 4 to 5 years.”
Six years ago today, the “flash crash” set off a historic day of trading in which more than a trillion dollars of value was lost in 36 minutes. You can’t burn money that fast.
"I don't know how people make it on $7.25 an hour. I would like to see an increase of some magnitude. But I'd rather leave it to the states. Let the states decide."
Buy gold and "get out of the stock market," legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York. Druckenmiller, who has one of the best long-term track records in money management, said the stock market bull market has “exhausted itself” and that gold “remains our largest currency allocation.”
“I think you need to prepare for a Trump presidency.” That’s Jeffrey Gundlach, CEO of DoubleLine Capital. During a presentation at the Sohn Conference, Gundlach recommended that investors sell the utilities index and shot toward mortgage REITS. But the key quote from Gundlach’s talk was his expectation that Trump can win and offered a key tagline that made him bullish on Trump.
A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the past decade and I surprised myself and perhaps him by answering that I now realized that younger generations – the Xers and Millenials – were far different generations from my own. “How so?” he asked.