Jim Simons is the most successful money maker in the history of modern finance. Since 1988, his flagship Medallion hedge fund has scored average annual returns of 66% before charging investors hefty fees — and 39% after those fees. Berkshire Hathaway’s BRK.A, +0.57% BRK.B, +0.61% Warren Buffett, hedge-fund manager GeorgeRead More →
Stocks have mostly been on a tear of late, however, a number of expert investors have badly lagged behind a market that has commenced a fresh assault on all-time highs. Hedge funds have been struggling with a pair of “pain trades” that have made it even more challenging than itRead More →
The stock market has gotten off to a brutal start this month, with the S&P 500 SPX, +1.10% index down about 5% since it started unraveling last Thursday. But while investors caught wrong-footed on the nasty pullback were busy licking their wounds, Crescat Capital founder Kevin Smith was happily craftingRead More →
Whitney Tilson back in 2014 called his bet against Tesla “one of the biggest mistakes long or short of my investment career.” A few years of “sustained underperformance” later, he ended up shutting down his Kase Capital Management fund. But he hasn’t shut down his trash talk on Tesla shares.Read More →
The month of February ends with no lunch and no deal in Hanoi for POTUS and his North Korean counterpart, but plenty of green for investors. Investors are waking up to news that talks between POTUS and North Korea’s leader fell apart in the wee hours of Thursday as theRead More →
