It was a quarter spawned from hell, at the behest of evil men who live near active volcanos amongst savage tribes. I faired poorly, getting deballed to the tune of 15%, placing my YTD returns at around 10-13%. Who’s counting anyways?
The following are the winners and losers of Q3, grouped by market cap. At the end are the reported holdings and 3 month returns of Greenlight Capital. Naturally, I am unsure as to the nature of his downside hedges. But his portfolio of concentrated “value” stocks treaded dreadfully the entire quarter. I am sure his losses are severe.
BIG CAP WINNERS
MIDCAP WINNERS
SMALL CAP WINNERS
And now for the losers.
BIG CAP
MID CAP
SMALL CAP
David Einhorn’s Greenlight Capital’s basket of hand woven defeat
Three cheers for the short sellers who profited from the misery of the majority.
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FIG.
Look at the $NDX chart. For the last 6 years it has gone up in nearly a 45 degree diagonal straight line (on the 10yr chart). Did you seriously expect that to continue in perpetuity?
Being long at the top blows.