Glenview from the Sohn Conference: ‘Hold on’ Lads; Don’t Sell!

Desperation is in the air. L. Robbins, in between eating hamburgers, pleaded with the other billionaires at this year’s Sohn conference to just ‘hang on’ and to get from point A to point B. Don’t worry. Everything is going to be ok.

I haven’t kept up with Larry for quite some time. I know that he shed 18% last year and is down another 12% this year, managing an astounding $17 some odd billion.

He gave every excuse under the sun for his shitty performance, from China to oil to drug pricing to the elections to the fed, even the fucking zika virus.

Additionally, he thinks it’s unfair for people to criticize the hedge fund industry, calling it a game of dodgeball.

You know what’s unfair, Larry? Down 30% over the past year and change with your shitty stock picks, run by the moronic gorillas over at Glenview.

Just hang on,” Robbins said Wednesday. “We just want to get from Point A to Point B, and frankly, as long as the fundamentals are tracking what we want them to be doing, we will get safely through our journey.”