Jim Rogers Weighs In On the Greatest Hedge Fund Story Ever Sold

22-2-2014 < Humans Are Free 151 191 words

 

• A reader reminded me that when I recently mentioned false public reports in 2009 of $20 billion gains in a hedge fund advised by Taleb, I left out three relevant things: 1) the gains were first reported in GQ and based on that were then reported by the Times in the UK, among other media outlets, 2) money was concurrently raised for another fund, and 3) Jim Rogers weighed in from Singapore. I added Jim Rogers’ views to the end of this commentary. Read more…
  


• You may also enjoy: “Where Were the Drama Pundits When it Mattered?” to read about Jim Rogers’ early call on Citi, 11 months before Meredith Whitney, and oddly enough, at the time, she refuted him on Cavuto on Business. She didn’t compound ignorance with inaudibility. The media narrative that no one knew about Citi’s problems until the Fall of 2007 was very convenient for Citi executives, especially when they testified in front of Congress and claimed ignorance.

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