Value Hedge Fund Kerrisdale Capital up 200% in 2011!

[jacobwolinsky]

Value investing still worked for some in 2011 http://www.valuewalk.com/2012/01/kerrisdale-capital-up-200-in-2011/#.Txgy42-CkhU

[Guest Hester]

Value investing still worked for some in 2011 http://www.valuewalk.com/2012/01/kerrisdale-capital-up-200-in-2011/#.Txgy42-CkhU

 

Or shorting/buying puts on Chinese frauds has worked. I have been continually unimpressed with Kerrisdale's long ideas and I think they mentioned in an earlier letter that their longs were performing even with the market.

[jacobwolinsky]

Some of the best value investors have made their money off shorting frauds; Einhorn, Ackman, many others. Does that make it any less impressive?

[Guest Hester]

Some of the best value investors have made their money off shorting frauds; Einhorn, Ackman, many others. Does that make it any less impressive?

 

lol you've probably never seen my posts, I was just pointing out that they made their money differently than most value investors and their vanilla longs weren't that impressive,

[jacobwolinsky]

I guess not. I LOVE this forum but Im not too active here. Your right the longs were just ok, but Id take 200% over my -3% return for 11 any day.