tede02 Posted May 2, 2017 Share Posted May 2, 2017 Apparently Paulson has been getting killed in recent years: https://www.nytimes.com/2017/05/01/business/dealbook/john-paulsons-fall-from-hedge-fund-stardom.html?mabReward=ACTM1&recp=4&action=click&pgtype=Homepage®ion=CColumn&module=Recommendation&src=rechp&WT.nav=RecEngine It seems like I read these types of articles regularly. I just read something similar about Jack Meyer who used to run Harvard's endowment. Ackman and Berkowitz's struggles have been covered pretty well on this board. Eddie Lampert, Kyle Bass... Who else can we add to the list? I know there a lot more. It really is remarkable how so many of these guys who, at one time or another, are considered geniuses, and then they just seem to flame out. It seems like the common factor is they string together a few years of good performance, or have a huge payday from something like the housing crash, attract a bunch of money, and then cannot reproduce. I'm just kind of rambling here but this trend never ceases to amaze me. It demonstrates how difficult (if not impossible) it is to identify asset managers that can truly outperform over time. It also demonstrates how unique someone like Buffett (with a 50+ year record) is. Looking forward to Berkshire weekend! Link to comment Share on other sites More sharing options...
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