23 replies to this topic

[Not Too Swift]

Also, Van Hoisington is a bond guy. More often than not they get it right. He has a half billion bet on long term zero coupon treasuries. If he is wrong, he goes out business. So at minimum give him respect for putting his livelihood on the line.

Edited by Not Too Swift, 25 July 2009 - 11:26 PM.

[CallMeIshmael]

Also, Van Hoisington is a bond guy.

More often than not they get it right.

He has a half billion bet on long term zero coupon treasuries.

If he is wrong, he goes out business.

So at minimum give him respect for putting his livelihood on the line.

Dumb trade. This guy is just begging to get crushed. Never bet the farm, no matter how good the trade looks. The market will be there tomorrow. Your first job is to make sure you're there to greet it.

[Not Too Swift]

Also, Van Hoisington is a bond guy.

More often than not they get it right.

He has a half billion bet on long term zero coupon treasuries.

If he is wrong, he goes out business.

So at minimum give him respect for putting his livelihood on the line.

Dumb trade. This guy is just begging to get crushed. Never bet the farm, no matter how good the trade looks. The market will be there tomorrow. Your first job is to make sure you're there to greet it.

I won't argue about the money management issue.

But he may not view it as a trade. Warren Buffet did something similar with the American Express salad oil scandal in the early 1960s.

Also, he is in your camp. He is arguing that deflation is occurring and long rates will come down.

By the way, thank you for this thread. It has been a help to me.

[CallMeIshmael]

Also, Van Hoisington is a bond guy.

More often than not they get it right.

He has a half billion bet on long term zero coupon treasuries.

If he is wrong, he goes out business.

So at minimum give him respect for putting his livelihood on the line.

Dumb trade. This guy is just begging to get crushed. Never bet the farm, no matter how good the trade looks. The market will be there tomorrow. Your first job is to make sure you're there to greet it.

I won't argue about the money management issue.

But he may not view it as a trade. Warren Buffet did something similar with the American Express salad oil scandal in the early 1960s.

Also, he is in your camp. He is arguing that deflation is occurring and long rates will come down.

By the way, thank you for this thread. It has been a help to me.

And while he's waiting for it to happen he could easily go broke. Dumb.