Amid Big Losses, Russell Clark Throws In The Towel, Changes Strategy

The painful emotional roller coaster that is riding out a losing investment thesis can be seen in Russell Clark’s recent letter to investors, a copy of which was reviewed by ValueWalk. Picking a top in the stock market, which Russell Clark has been wanton to accomplish over the past painful year, is never an easy task. After turning in -24.03% performance in 2016 waiting for that major stock market crash that never came, the head of the famous short biased hedge fund, Horseman Capital Management, might be throwing in the towel – to an extent.

Russell Clark: Waiting for the market to get is right is a painful and lonely journey

Holding a losing trade can be a lonely...