Citron Capital, led by Citron Reserch’s Andrew Left, released their first investor letter today, covering the first half of 2019. The fund says that despite gross returns of 36.6% and net returns of 24.7%, “it has been an extraordinarily challenging environment to be a short seller.” In the letter, they say they are “betting against frauds”… Read More

Authored by Ray Dalio via LinkedIn, One of my investment principles is: Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops. Over my roughly 50 years of being a global macro investor, I have observed there to be… Read More

Back in June, following the April downgrade in the Fed ‘s  assessment of the US economy, the Fed’s Beige Book signaled a “slight improvement” in the economy, describing economic activity expanding at a “modest pace overall” from April through mid-May, and dropping the “slight” classifier. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Now, one month later, the economy… Read More