I remember one day in Q4, 2008 writing one of the early NFTRH, getting to the portfolio section and proudly proclaiming -27% performance from the letter's inception, just a few weeks earlier. Ah, fun times. Here, come subscribe to my letter, let me share my thoughts and tell you all about my remarkable ability to lose capital.
But what was actually going on then was, as we now know, a remarkable opportunity to buy companies for net cash, with gold in the ground given away for free. The result, after the liquidation panic had cleared was a sling shot to profits. That account (NFTRH speculative portfolio) is +153% today and still above break even for 2011.
So, while I am enduring a thousand little paper cuts, managing risk (more efficiently than in 2008) and remaining rational amid the terror, I am also looking for another sling shot opportunity. It is important to remember that I am the guy who talks bearish before bearish becomes the fashionable thing, and bullish before it is all the rage. It is kind of how I am wired.
Okay, now where did I leave my bayonet.
http://www.biiwii.blogspot.com
http://www.biiwii.com
But what was actually going on then was, as we now know, a remarkable opportunity to buy companies for net cash, with gold in the ground given away for free. The result, after the liquidation panic had cleared was a sling shot to profits. That account (NFTRH speculative portfolio) is +153% today and still above break even for 2011.
So, while I am enduring a thousand little paper cuts, managing risk (more efficiently than in 2008) and remaining rational amid the terror, I am also looking for another sling shot opportunity. It is important to remember that I am the guy who talks bearish before bearish becomes the fashionable thing, and bullish before it is all the rage. It is kind of how I am wired.
Okay, now where did I leave my bayonet.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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