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(CNBC)   WallStreetBets collects another hedge fund scalp. Sorry, Melvin   ( divider line
    More: Followup, Hedge fund, Melvin Capital Management, hedge fund, founder Gabe Plotkin, end of the first quarter, large short position, Finance, biggest victims  
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834 clicks; posted to Business » on 19 May 2022 at 10:17 AM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2022-05-19 11:19:09 AM  
6 votes:
Rapmaster2000:Don't be impressed by hedge funds.  They are not special and are not privy to magic tricks that allow them to beat the market.  They consistently lose to the market.

Uh, excuse me, but I have it on good faith that there are a ton of lucrative one-man Farker hedge funds timing the market just right or close to it. They sold the recent correction right on time (give or take a few years) and will no doubt buy back at a bargain net of fees and taxes compared to hold+DCA.
2022-05-19 10:43:08 AM  
4 votes:
Fark user imageView Full Size

// Close enough
/// Got nothing
2022-05-19 10:37:45 AM  
2 votes:
Apes dumb together.
2022-05-19 11:52:15 AM  
1 vote:
Plotkin had discussed a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that money in what would essentially be a new fund run by Plotkin.

LOL.  Pay no attention to the burning wreckage of my previous fund, the next gig is gonna be big.
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