As a salve for all the frustration we Slopers are experiencing, I'll share with you a little article I tore out of Barron's this weekend.
Apparently, once a year, the hot-shot hedge fund managers reveal one or two of their best ideas to the public. Here are how some of the greatest minds on Wall Street did last year……..
So we've got a recommendation to buy FRE at 25.73, buy C at 21.12, buy AIB at 41.29, and so on. Many of these ideas lost over 50%, with some of them losing over 90%.
The only good recommendation was a short (naturally) from David Einhorn of Greenlight Capital. He suggested shorting LEH at 36.11, which fell 99.8% (in typical Barron's style, they don't bother showing what the return on this would be, instead simply showing the nominal percentage change, which is profoundly misleading given the fact it was, umm, a short. But that's Barron's for ya).
Anyway, as you can see, even the big boys have it rough (unless they're so big that they basically wind up running the market, like our dear friends at GS).
