There is only one side of the market and it is not the bull side or the bear side, but the right side.
August 22, 2019
With deference to Stephen King and his horror novel “Misery,” it seemed the only appropriate name for my scrapbook. The “book” started 10 years ago when a famous hedge fund manager massively underperformed the S&P 500. Then it happened again with a well-known mutual fund manager. I sensed there was more to come. Over two, three...