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Jack Bogle of Hedge Funds (guest: Andrew Beer)

The Market Huddle

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What's the Biggest Loss of the Year?

We're in for a world where things move far more than we expect them to. The biggest winning position, very few people know this, is shorteing the en. And i don't know of a single human macro investor who wrote it the whole way down. It wasn't tillto one 35 or one 30 that people even noticed it was happening. People are trying to process all this with incredibly limited information and they have no idea what's going on. I think there will be these opportunities to to make money in these, in these big directional trades.

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