He didn't refer to gambling, he referred to a 'gambler's mentality' - which implies the mentality of most people who gamble, not the tiny minority...
The 145k day was the exact top in silver in April 2011, at the prior Hunt Bubble top of $50. I had been long a moderate futures position from the...
You seem to be forgetting that we don't get to choose our age. If you're already old and rich, then the alternatives are: stay old and rich;...
It's preferable to the alternatives.
If I had a dollar for every time someone repeated that line, I would be richer than George Soros.
That's the crux of the problem. An intervention that helps people who may well not deserve to be helped, and who could become a far more hostile...
Ok I am not trying to pick on you here, but I think your way of approaching this trade is flawed. Here's why: Firstly, perceived 'mispricing'...
Wrong - there are many cases of pessimism, where prices later went much lower. E.g. early/mid 2007, 1929 crash, and so on. And sentiment is...
Having say 1 or 2 collaborators does not encourage group think. Group think occurs in large crowds not small groups - by definition, a 2 person...
Nonsense - there are ways for the approach to fail even if valuation and fading extreme sentiment trends matter a huge amount. E.g. 1. the...
If someone had called the market superbly, but their stock picks sucked, and their overall performance was mediocre, would you be praising them as...
The main reason lone wolves are 'less successful' is that people who network get more capital. It is far easier to make big bucks by making 20% on...
In some ways. In other ways they haven't changed since 1990BC.
MBIA is not comparable, because he was not nearly as vulnerable to a short squeeze (his short position was no way near as big), and there were no...
You are talking as though it is beyond dispute that he had criminal intent to steal for personal gain. But the whole point of that article was to...
No - someone with an edge would outperform in such a balanced cycle as 2 bull markets and 2 bear markets, that is in fact the idea kind of...
Yes he talks a good game. But he has not altered the flaw with his method. He still makes exactly the same mistake as when he started out - he...
The difference is that Klarman made absolute returns whereas Hussman hasn't, and Klarman was following a method which has been theoretically and...
Next potential victim - Mr Bill Ackman, and his HLF short. Today's close/AH price is 66.14. I place a stop at a close below $57, although I may...
When you have two competing explanations: a convoluted conspiracy requiring coordinated Machiavellian genius across the entire government/business...
Separate names with a comma.