Seeking Alpha
  • Steven Reiman
    $FRFHF How much has Mr. Watsa lost on his macro bet since 2009? Has to be almost $4B.....on $7B of common equity....
    3/23/14
    Reply (5)
    • Wilson Wang: Quite a bit. He's a very convinced man though. Deflation and equity hedge.
      3/23/14
    • Steven Reiman: But after 5 years....even if he's eventually proven right...was he right?
      3/24/14
    • platonicbomb: Fill us in. What was his macro bet?
      3/24/14
    • Steven Reiman: He's been hedging 100% of his equity portfolio since 2009 and has trades linked to various CPI indices that payout if deflation occurs
      3/24/14
    • Steven Reiman: He's lost almost $4B on the hedges and the deflation trades
      3/24/14