Rocktex

Hedge Fund Makes 1000% in a Year, Shorting Subprime

Smart to bet on short. 1000% return is great too as I expected and did to my portfolio in the past two years.
I am truly appreciate what Mr. Lahde said, "Our entire banking system is a complete disaster. In my opinion, nearly every major bank would be insolvent if they marked their assets to market.” What a brilliant brain he has!
But wait! What he is plannig to do next? He has now begun to return money to investors, telling them in a letter: “The risk/return characteristics are far less attractive than in the past.”
I try to understand the logics he has. Tell you the truth, I have difficulty to figure it out. The best part of subprime rib is just abou to come up. Ane he said, "quite and switch to gold"? Hummmm! there are two sides of a coin. Did you check the other side? Wake up! Mr. Lahde!