So the backwardation in oil was due to the optionality of holding onto the physical oil - if something should happen, you had the option to sell...
Some markets indeed are characterized by a persistent backwardation. It is a well-known phenomenon in the case of the crude oil market, as...
when I say backwardated I simply mean inverted futures curve. oil demand is inelastic. 1% in price -> .02% change in demand. natgas is harder to...
I forget where I read that oil is usually in backwardation and natgas in contango, but it seems to make sense. Oil certainly spends more time in...
Is it the cost of storage? Is it that difficult to store natgas?
NYT confirms he never made money trading (blew up two funds) and then profited from embezzlement and stock fraud. He seems unaware that the SEC...
Here is a good report on Martin's crimes. Shkreli obviously failed at trading and then turned to defrauding....
Right, there are multiple ways to get the money from a short to KBIO and Martin. The Feds did the same thing with AIG. Feds owned a metric...
The shares are parked with a brokerage. So the brokerage can short, using the shares . . . and then pays Martin a huge fee for the short or finds...
I love how Shkreli says that he would pay the $2.3M bill to Lehman if they would just ask him. He really is a first class troll. As for the KBIO...
Shkreli does have this in common with your hero: he's busted two funds
He borrowed the hoodie and arrogance from Zuckerberg (the movie character) but he's obviously smart too. https://t.co/7AnSj56dqv It looks like...
Cooperman regularly calls in. He asked management at SD to buy back stock and they did last year and now they're exchanging debt for equity at...
it's interesting that he does actually show alpha. his longs underperform the market over last five years (94% vs. 95.5%) but his shorts do better...
But look at the commentary linked above. His shorts perform as well as his longs. In a down 10% year in the stock market, his fund will be down...
Hasn't Hall been successful over the years? But he has had a few bad years being long oil, or so I've read. But at least "long oil" is a position....
The RiverPark short long fund has returned about 6%/year over last five years. http://finance.yahoo.com/q?s=RLSFX&ql=0 So here's his investor...
it was funny because there's practically no difference between 2000 and 10000. a prop account is not the same as 10000.
this made me lol
this is true. it's even possible that institutional training - finance/econ degree, working at a bank or in a fund, etc is actually an impediment...
Separate names with a comma.