Crispin Odey Makes Mistake In Timing In Historical Analogy And Market Bets

One of the world’s most bearish hedge fund managers, Crispin Odey, had yet another dismal month in April, a letter to investors reviewed by ValueWalk shows. The OIE MAC strategy, with $852.7 million under management, was down -5.4% (USD class) and -8.5% (GBP B class) on the month. But perhaps what is most notable is a timing mistake Odey makes in the letter, highlighting just how difficult a crash prediction is to make and remain committed.

The Germans stopped their advance on Moscow on December 5, 1941,...

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