Flav

Kass' Short Bet on Berkshire Falls Short of Reason

Kass is just a deceptive clown. Earlier in 2008, after the Bear Sterns meltdown, he suggested that the market had limited downside. On July, he recommended initiate a long position in financials. He even disclosed he had Citi as one of its holdings (when it was trading near the low 20's). Not satisfied with that, he even disclosed (and adviced initiating) a position in LEH!!!! Want the proof? Here it is: www.thestreet.com/stor...
His sponsor web site exalts him as an investment magician, advertising him as if he had been "right as rain"... with the market falling an astonishing +30%, and running a short only fund, it was kind of impossible to have a bad performance and not beat the market (i think).
What's really ludicrous and hilarious at once, are his investments surpirses, dubbed "outlier" events. He posts a series of delirious events that never actually take place, and assimilates market deveopments to his stupid advice. How in the hell does this person gets all that media attention?
This post is getting too long, but i want to highlight other lousy advices from Mr Kass. These posts are some proof of his misjudgment: www.thestreet.com/stor..., www.thestreet.com/stor..., www.thestreet.com/stor...
Just check the stocks his fund bought at the time it did it. It would be really interesting to see what really was his funds performance, if it really did had thoso holdings on its portfolio