HUGH HENDRY: Buying Gold Miners is Sheer Insanity [VIDEO]

HUGH HENDRY: Buying Gold Miners is Sheer Insanity [VIDEO]

“I’ll tell you my thinking. That was a wonderful trade for five years leading to the end of 2008. It’s been a profitable, but less predictable trade since the intervention of Quantitative Easing in March 2009. So there is an argument for market observations that Quantitative Easing has fortified the S&P versus the performance of gold, but that also may be from the beginning of 2009, gold was so fantastically ahead of itself.”

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Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkMichael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More