Crispin Odey Says "Time Is Running Out" Again

Predicting a market crash is considered a low win percentage endeavor. But nonetheless Crispin Odey, currently staring a negative -2.3 one-year Sharpe ratio directly in the eye, soldiers on. In a September 29 letter to investors, Odey sang a familiar tone, criticizing central bank quantitative easing and warning the bubble will burst. He just doesn’t know when it will happen.

[Buffet]

Odey warns of a market crash... again... and again

Odey’s gloom and doom outlook recently cost the founder of Odey Asset Management a pretty penny. Once a billionaire and one of the wealthiest men in the United Kingdom, Odey’s personal wealth has suffered along with losses his OIE Mac hedge fund has taken....