Thursday, December 03, 2009

Leaving Money on the Table

I'm very very tempted to quadruple my short position on the Russell 2000 almost purely on my read of the tape. While I think the U.S. markets have topped, betting on their fluctuations is more of a parlor game employing speculative dark arts versus the analytical operations I wish to continue conducting as a value investor (buying great companies on the cheap).


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