“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle”
? Sun Tzu, The Art of War
Very interesting video about an investor (Zeke Ashton) who openly acknowledges that he is NOT a “home run” investor (like Michael Burry). Seems a good reminder that it is equally important to know who/what you ARE not, as much as who/what you are:
In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More
Zeke Ashton on Michael Burry below
Via LST