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Uhm yea, maybe because the Greelight Reinsurance by defintion invests all premium written into the Greelight hedge fund?!?! What a dumb article. BTW: Einhorn was short VW and long Porsche (probably among many dozens of other positions) and he finished October -12.7%. Painful but far...

Now look at those guys that DID NOT pull their money out of the Lehman prime brokerage. They're bust! They still can't access their funds and will likely get back pennies on the dollar. Anybody that pulled out their money out of the scam operation that was Lehman did the right thing. Fuld...

* Banks are regulated and wrote down around a half a trillion dollar in losses worldwide. Hedge funds - on average - had very little exposure to toxic debt. Banks though did, in huge size. Don't mistake regulation for brains. * How did hedge funds start a crisis by creating bank runs? Hedge...

How do you all know SAC had any exposure to Volkswagen at all? Just another thread that reeks of hubris, schadenfreude and analysis based more on assumptions than on facts. Here's some fact for you: Einhorn was short VW and long Porsche (probably among many dozens of other positions) and...

No kidding •Stock-Fund Investors Pull Record $70.7 Billion From Markets, TrimTabs Says http://www.bloomberg.com/apps/news?pid=20601087&sid=ami_XEftEtKw&refer=home

Wow, socialist Europe not immune to global downturn? Big shocker :cool:

Wow, no kidding. Unemployment is about to rise? They sold the SP500 down 25% in October for no real reason I guess. Now you just wait until they learn the economy is in trouble! OH MY!

Maybe I missed it. Where does the article say the group is asking for the government to provide actual funding and 'bail' out consumer credit card debt with tax dollars?

People forget the Japanese waited until 1995 to start trying to fix their banking system. Think of Bernanke and Paulson what you want, but they didn't wait 5 years to acknowledge there might be trouble ahead.

In hindsight, he could have done things earlier and more decisive. Paulson, too. One thing (IMO) is for certain. Had we gone down the Jim Rogers/Peter Schiff road ("Brokers and insurers have failed before, let them all fail, let's clear out the system right now. Nothing bad will happen if we...

Its down like 95% in 12 months. Don't need much news to make a quick jump. (MGM reported, seems to help LVS)

Believe it now, after Lehman?

He must mean they got used to a perpetual slowdown after 18 years of stagnation :cool:

I find these 1982 comparisons interesting but an apples vs. oranges comparison. In 82 short term interest rates were are what like 12%? P/E of 8 -> 12.5% earnings yield (1 divided by 8). See a pattern? Also, regarding dividends, today you can pick up a ConocoPhillips (or hundreds of...

Where did I say BP or Citadel or other funds didn't get crushed? I said that the media is going nuts blaming the market decline on hedge fund redemptions which is utter and complete BS since the average equity hedge fund net long exposure is insignificant in size compared to e.g. the 10...

Overblow = I meant the effects of hedge fund redemptions as a scapegoat for the SP500 going down. Didn't make that clear.

Biggs makes one important point: All this "hedge fund redemption" talk is so overblown. What billion dollar equity hedge funds are leveraged 3x long? 10x long? That would have an effect on the markets. But those don't exist. That's talk from the realm of fairy tales. A typical equity hedge...

Yea it's 2008 and guess what, economics 101 is still working exactly the same way as it was as in 1974/75 or the 1950s. If you can buy $1 for 50 cents you will make a lot of money. This time is not different.

Value investors are not impressed with price swings since they don't buy for a trade, they buy underlying companies they believe are selling for way below what they are worth over a longer time frame: