Xerxes Posted May 15, 2021 Share Posted May 15, 2021 Soros Bought Up Stocks Linked to Bill Hwang’s Archegos Implosion - Bloomberg Link to comment Share on other sites More sharing options...
ValueArb Posted May 20 Share Posted May 20 Quote Hwang occasionally compared himself to Warren Buffett, Becker testifies. He also sometimes compared himself to fellow “Tiger Cubs,” fund managers who also worked under Julian Robertson at Tiger Management. Becker is discussing a presentation he once prepared for Hwang comparing Archegos’ performance to other firms’, including Buffett’s Berkshire Hathaway. Hwang “expressed disappointment that he just barely beat Warren in terms of performance,” Becker recalls. I don't know what Hwang's results were but I'm going to go out on a limb and guess that the comparison was done against Buffett's most recent results, not his 35% annualized first 30 years. And the comparison was certainly not done on a risk adjusted basis. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now