Pope seems to have been one of the few people to see the trouble on its way. Looking over his fund’s holdings, Schwed comments how “frequently his trusts had only one single large position, and that would be on the short side.†In other words, Pope bet against companies more than he bet on them.
The Magical Investment Corporation
Posted by StingingNettle 348 days ago (http://www.dailyreckoning.com)
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