Zach Schreiber of PointState Capital made one of the most memorable calls ever at the May 2014 Sohn Conference. Schreiber said oil prices were heading "lower, much lower," while adding: "US crude is being drilled for by the same cast of characters who oversupplied the natural gas market. Ladies and gentlemen, the song remains the same." He went on to muse that "Crude strength has led to complacency, and complacency is a killer."
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Schreiber's crude short netted him and his investors, one of which is billionaire Stan Druckenmiller, profits...