Seth Klarman, author of "Margin of Safety" loses $645m on PG&E

peilthetraveler said:
https://finance.yahoo.com/news/hedge-fund-pge-losses-160917499.html

I'm sure everyone here has heard of his book. If you haven't, you can pick up a copy on Amazon for about $1,000.

It just goes to show you, that even if you're a great investor, you can still get your ass kicked in the market.
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Actually that can be a good plan; divide capital into many parts+ persistantly buy.
But good warning,Peil TT ,bankruptcy or persistant mismanagement can ruin anyone. NOT sure if the state flag of CA, a bear , means much LOL??

Like Pt Jones noted; losers average losers,so a selling plan is part of a good buying plan.:cool::cool:
 
Clubber Lang said:
They “hedge” their billions by gambling with investors money and taking 2 and 20
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LOL. I may want to read his book; Margin of Safety. I just read the cover; Its about value investing, lowered the used bids to $55 now.New price =$10[NEVer did understand some hedge fund pricing LOL] Looks like a good read if you trade sardines.........:cool::cool:
 
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