... but is it doable in reality ?

With the recent volatility in the silver price, it looks to me as if it may break out again on the upside and make a new high. Silver now trades at around 26.93 US$ , I think 50 US$ may be in the cards within the next two years.

For this metal, I'm in the bull's camp.

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On page 12 in this thread, I presented my bearcase for Imperial Brands (ISIN : GB0004544929), it now trades at around 1,427 pence. I still believe it'll drop below 1,000 pence this year, maybe even as low as 900 pence !
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The Bitcoin short setup was obviously a complete failure, SL would have been triggered. As the cryptos are impossible to value as opposed to companies, and the smart money crowd is on different ends of the opinion spectrum, I would not touch it either long or short.

However, Paul Tudor Jones II got it right again, this video is from May 11th, 2020, now 9 months old.

Love his nuanced analysis of Bitcoin, worth a watch imho, he has / had over 1% of his assets in this cryptocurrency ->
 
Another blast from the past, Alpha magazine interviews all-time great captial allocators / star fund managers regularly, among them of course PTJ II. .

This is from early 2008, I'm aware of the fact that the stars have hit ratios of often less than 50%, but when they get it right, it's enough for >= 20% p.a. returns.

Interview URL -> https://www.wallstreetoasis.com/for...paul-tudor-jones-louis-bacon-and-bruce-kovner

Quote "Oil is a huge mania, and it's going to end badly. We've seen it play out hundreds of times over the centuries, and this is no different." ... see green circle in the chart.
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Legendary money manager Stanley Druckenmiller - not a single down year in 40 years as a money manager - suggests "Reminiscences of a stock operator" by Jesse Livermore as a must read. Simply apply what the oldtimer's wisdom about the underlying trend is and you have "50% of the game licked" (26:00) ->
 
Portraying another current star fund manager - of course, past performance cannot guarantee future results, it'd be a huge disappointment if ARK's ETFs would experience steeps declines in their NAVs (which may happen) - this is Cathie Wood.

She's structured Theme-based exchange traded funds ("ETF") and invested heavily in companies like Nvidia and of course Tesla, thus outperforming the S&P 500 in the last 5 years on an annualized return basis, which is very rare as most active managers fail to do exactly this.

Result ? Her company, founded in 2014 and called ARK Investments, has seen its Assets under Management base grow to nearly 60 billion US$ .

Interview with her from 10/2020 in Forbes magazine -> https://www.forbes.com/sites/antoin...s-worth-more-than-1-trillion/?sh=a81d84c3d451

The firm is very transparent in its holdings and purchase / sell decisions, updates can be obtained via email here -> https://ark-funds.com/subscribe
 
If you readers of this thread haven't discovered this website, www.hedgefollow.com yet, it gives insights into the 13-F fililngs of fund managers, some of whom are "market wizard" territory returnwise. Please note, 3 months are quite a long time period and when the information is available to the public via such websites, the positions may have already changed quite a bit.

Still, knowing how heavily all-time greats like David Tepper, founder of Appaloosa Management and revered among many of his competing fund managers concentrate bets can be an advantage. Between 1992 and 2010, David was able to generate a return - before fees - of almost 40% per year, he's returned outside investors money. Impressive how he correctly nailed the superboom in US equities beginning in 2010, this is an 11 year old interview with him ->


https://hedgefollow.com/funds/Appaloosa
 
The british daily Financial Times called this book written by Michael Batnick excellent, he analyzes the missteps of all-time greats in investing and what general lessons they may hold for future investors.

It was published in 2018 and is called "Big Mistakes : The best investors and their worst investments", can be purchased on Amazon -> tinyurl.com/4tyw6vz2
 
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