For most hedge funds, everything - up and down markets -- should be an opportunity rather than a detriment. |
It's hard to say what happened, but Robertson was always a value investor. Was the strategy flawed, or was the strategy flawed in terms of the current marketplace? Only time will tell. |
It's just a tough, tough market to make money in. You almost have to be a sage to come out on top in a market like that. It's sort of like everybody is treated equally bad. |