Quitting the Hedge Fund Game - Mark Sellers [View article]
Oh felix, you couldn't be more wrong!! what a poor artcile that reads like someone who jubilates about another one's pain. perhaps you simply can't stand seller's long time success, can you?
the rule#1 means not to lose money - in the sense of a permanent impairment of capital. it does not at all mean that you only buy things that go up in value immediately!
so sellers closing the fund simply means he does not want redemptions to force him to realize losses on sound investments. that's the big advantage of berkshire: it 's investments can go down - and big, but people can't take their money (insurance premiums) out.
and, btw., one of Seller's biggest positions is MCF. and boy, does this company sell very cheap compared to what it is actually worth!
such artciles are below your level, felix - or may be, some other by you simply were positive exceptions? you decide.
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Oh felix, you couldn't be more wrong!! what a poor artcile that reads like someone who jubilates about another one's pain. perhaps you simply can't stand seller's long time success, can you?
Oct 17 10:57 am
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All Comments by fxtrader07 »Quitting the Hedge Fund Game - Mark Sellers [View article]
the rule#1 means not to lose money - in the sense of a permanent impairment of capital. it does not at all mean that you only buy things that go up in value immediately!
so sellers closing the fund simply means he does not want redemptions to force him to realize losses on sound investments. that's the big advantage of berkshire: it 's investments can go down - and big, but people can't take their money (insurance premiums) out.
and, btw., one of Seller's biggest positions is MCF. and boy, does this company sell very cheap compared to what it is actually worth!
such artciles are below your level, felix - or may be, some other by you simply were positive exceptions? you decide.