Dan Loeb’ Third Point RE investment portfolio returned 2.2% in December for a total gain of 23.9% in 2013. There are no details on positions, but that should be available when the December stat sheet and Q4 letter are released. For now see the PDF below for the latest information.
TPRE Investment Results December 2013 by ValueWalk.com
George Soros And The Human Uncertainty Principle
The division between academic economics and the way traders look at the market is deep. The efficient market hypothesis assumes that markets and valuations are always pushing towards an equilibrium, and evidence to the contrary gets pushed aside as fluctuations or statistical deviations. But the dot com bubble, the