I wrote a really long post on this topic then managed to delete it. Instead of recreating it, here are some summary links:
Will Hedge Stars Strike Out Again? (Barron’s, average pick did 10% worse than S&P including some really terrible picks down 80%+.)
Summaries from Zero Hedge, and First Adopter:
Peter Thiel, Clarium Capital: fade recovery, commodity inflation, deflation of owned assets
Joseph Healey, HealthCor Partners: Long Valeant Pharmaceuticals (VRX), Long Hologic (HOLX), Long Life Technologies (LIFE)
Mark Kindgon, Kingdon Capital: Long Bank of America (BAC)
Steve Mandel, Lone Pine Capital: Long Strayer Education (STRA)
Jim Chanos, Kynikos Associates: Short for-profit education companies, Short high margin health-care companies like Lincare Holdings (LNCR)
Lee Hobson, Highside Capital: Long Millicon International (MICC), Short Ritchie Bros. (RBA)
David Einhorn, Greenlight Capital: Short Moody’s (MCO)
Good stuff Meb. Here's a more detailed version of the same that I posted the night of the conference if you or anyone else is interested. The notes came from Mike O'Rourke at BTIG:
http://investmentlinebacker.blogspot.com/2009/0...
Good stuff Meb. Here's a more detailed version of the same that I posted the night of the conference if you or anyone else is interested. The notes came from Mike O'Rourke at BTIG:
http://investmentlinebacker.blogspot.com/2009/0...