4 ms·
Every investment I've ever bought has gone down within 6 months of the time I bought it. Unless you perfectly time a bottom that's what's gonna happen. The qu
by rothbardrand 9y ago
Every investment I've ever bought has gone down within 6 months of the time I bought it. Unless you perfectly time a bottom that's what's gonna happen. The question is where it is in 6 years, not 6 months.
Plus, for a hedge fund there are a lot of initial costs and entering a position is where expenses happen generally.
- daveguy 9y agoProblem here is they are not purchasing and holding for 6 years or even 6 months. These are typically short term timescale strategies. They are turning capital over quickly so the gains or, in this case, losses are locked in quickly.