By Hardcore Value
With investing, I’m not sure there is another industry where you can do so many irrational things and still keep your clients or your job. Stop loss orders are extremely common technique used money managers as a way of limiting losses, whereby the stock is sold when it falls below a minimum price level.
David Einhorn's Greenlight Capital returned -2.9% in the second quarter of 2021 compared to 8.5% for the S&P 500. According to a copy of the fund's letter, which ValueWalk has reviewed, longs contributed 5.2% in the quarter while short positions detracted 4.6%. Q2 2021 hedge fund letters, conferences and more Macro positions detracted 3.3% from Read More