Just so this is in perspective the fund that is short under the...

First 6 Last

Share
Profile

Follow
Deesof26

213 Posts.

84

01/06/18

15:26

Post #: 33437275
Share

Originally posted by madamswer ↑

Thanks, @Fidosnos

I guess that's one of the many major differences between a high-profile visionary investor like Mr Soros, and little old me:

Mr Soros is able to predict when major stock market crises will erupt; I have no such skill.

So, unlike Mr Soros who, presumably, can time his entry and exit into markets as the whim takes him, I simply have to rely on buying good-quality, well-managed businesses and ride them through whatever market ructions transpire.

PS. As the years go by, it does increasingly occur to me, however, that had I acted every time I saw Mr Soros - and many other luminaries like him - being quoted in somewhat dramatic fashion about what financial market calamity is about to befall us, my personal wealth would be somewhat diminished, because the amount of crises that I have seen foretold which never came to pass would - if you lined them up end-to-end - would almost reach the moon, I reckon.

But I shouldn't be so facetious: maybe this time Mr Soros does, in fact, finally turn out to be right.

But much precedent has taught me that I sure as heck can't invest on that basis, because more often than not the shares that I sold today, I would end up having to buy back at materially higher prices in the future.

.

Expand

Just so this is in perspective the fund that is short under the Soros umbrella is only a $250mln long/short fund and the reasons for being short are almost entirely to do with Brexit and the calamity that the Soros group thinks will be fall the UK as a result.. CYB have to decide whether they are going to lob a formal bid for Virgin Money by Monday 4th June. If a deal is done its likely to be very accretive and share price friendly..

CYB Price at posting: $5.02 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 6 more messages in this thread...

First 6 Last

Add CYB (ASX) to my watchlist

Just so this is in perspective the fund that is short under the...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Featured News