- advertisements -
No no - read the article - he's in because he's a "regular american guy" ( wears jeans, eats hot dogs and drinks Co-Cola)
The fact that Combs is a Florida State University graduate is the only piece of information potential investors should need. Run, don't walk, away from this one.....
As opposed to an Ivy League genius schooled in economic fantasy and corruption?
But he avoided AIG, FnF, Bear and LEH--so Warren gives him extra credit.
Time to short yet?
"With 77% of his holdings at Castle Point invested in financials, there is no surprise why Todd Combs, who has yet to get to the part about diversification in Finance 101"
It's a financial services fund, dumbass, what do you expect? AAPL and AMZN?
He has to be an insider's insider to take over Buffet Holding(on)'s.
Ever since I found out that Gramps Warren was the son of a senator (this was a few years ago), the scales fell from my eyes.
Then, watching his moves into FIRE (actually you could say his moves, all big ones, helped move a lot of capital into the FIRE economy) and understanding why, it became more obvious that Gramps was just a tool and a fool to boot.
Combing through Todd's odd holdings simply confirms more of the same.
I wonder what BH will be worth on November 11th.
Watch that one going down. And given it's limited participation, I say good riddance.
Warren is a creation and creature of fiat. He was born at the almost same time as fiat currency (1933 gold confiscation) and has lived his whole life in the growing bubble called the USD, he cannot conceive of anything outside that.
Run, don't walk, away from this one.
Warren's empire will die before Warren does. No sympathy here.
77% in financials? No problem. It's going to be called BPiP - Buffett-Public Partnership. He buys into insolvent, broke and criminally fraudulent financials (a la $5B GS buy-in) and in return the Fed and US Treasury will not let them "fail."
The man must be insane or he knows something we do not.
It's like betting with the house.
I love zero hedge -- but Castle Point is a long/short FINANCIAL SERVICES fund. This isn't some overzealous bet on one sector, it's their mandate.
I think the point might be that he is a FIRE-man.
Meaning more of the same at Buffoon holdings.
Since we don't know what he is shorting, we have no idea what the really thinks of the FIRE economy. He could be 200% net short. He could have loaded up on puts. Or he could be pursuing a relative value thesis. Short BAC and long MA would be a perfectly plausible strategy.
Oh great! A "value stock" monkey. I guess that guarantees he won't "one-up" his predecessor, securing is place in market history.
Those grapes are probably sour anyways.... Tho' it don't look like a lotta money he runs. No worries, GS will help him with execution, no?
DOW weekly chart shows the rising wedge contained within the megaphone pattern. This remains a very bearish picture and we shouldget a breakout soon.
We have all cheap uggs for sale in our website http://www.salesuggs.org ! You can meet all your needs for UGG hot sale here and will certainly be satisfied with the top quality at low price. All UGGs on sale are made with the 100% genuine sheepskin from Australia and are hand-made in our own factory completely. So you need no to worry about the quality and the cheap UGGs for sale are all to be delivered in free shipping. Enjoy the large discount!1.UGG Amberlee|UGG Kensington|UGG Elsey|UGG Langley|UGG Roxy Short|UGG Roseberry|UGG Oliviya|UGG RayaUGG Brookfield Short
Find ugg and Australian sheepskinAuthentic Ugg boots, learn the history behind the Cheap ugg boots, and when and what to wear with Ugg boot, as well as cleaning and caring for ....we sell new style Ugg boots on sale,You can find the wholesale discount Ugg boots here.
I love zerohedge policy.
So, while is might sound a little callous, save your sentimentality for your prayers. If you want to do some good, you don't need to look much farther than your own family or neighborhood to help someone who needs it. All the overt pronouncements of sentiment are pretty shallow water compared to the people who anonymously wade deep into the cold water to help another person with action instead of empty words 000-979 | CISSP | E20-329 | 350-018 | 642-447 | 70-685 | 70-432 | 220-702 |
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.