X @Cassandra Unchained

I think most critics of my articles have not taken the time to read them. This is the thing as a hedge fund manager. We have to disclose our positions, but just as no one wants a dissertation on each position, no one wants to pass on the opportunity to give offhand poorly-researched criticisms of such positions. This why black box managers tend to have the most outrageous returns. Jim Simons did 50% a year with his black box. Many individual investors do 50% a year with their own private portfolios. I even ...