This Hedge Fund Manager Tries to Short Himself: Michael Lewis

Quote from Brandonf:

I've hardly cleaned up during this meltdown, but I've not gotten hurt and I've made a few bucks. I really have no desire to be out with a sign announcing it right now though. If you'd made a fortune on "everyone elses misery" as an "evil short seller" would you be honestly all that eager to hold yourself out to the firing squad?
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I have already heard the words "people like you" from a freind whom I warned in 2007 to go to cash. He didn't listen and now he is pissed that his 401K is about 1/3 of what it was. I don't talk about trading or the market to anyone anymore, I was telling everyone who I knew to get in to cash last year and if they didn't listen I don't want to know about their losses. The ones that come to me all sympathetic as though I too must have lost my shirt (so they can feel better about their losses I suppose) I just say I was busy with my other businesses and was lucky enough to be in cash because I wasn't able to devote my time to the market and that response gets me a pass. If I told the truth I would lose a lot of freinds right now.
 
What was interesting to me was that a few weeks ago, my systems started losing money for a couple of days. I realized that this was a bad sign and pulled out. The next day the market plunged and I've completely stayed out for the last few weeks. (I'm long only.) I think the market talks to you if you're willing to listen...
 
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