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Wait for second half, Andy Hall tells bulls counting on $60 oil
By Barani Krishnan Hedge fund managers who rushed into crude oil longs only to see the rally stop at below $60 a barrel may have to wait till the second half for their payoff, renowned oil bull Andy Hall says. “Patience is a virtue,” Hall, who runs the $2.3-billion oil-focused Astenbeck Capital Management hedge fund…
8 Legends Share Their Market Wisdom
Join Our Newsletter & Get Powerful Ideas Delivered To Your Inbox 1. Christian Siva-Jothy On Idea Generation No one gets paid for originality – you get paid for making money. I am happy to take other people’s good ideas and run with them, as long as I understand exactly why I am in the trade….
Lesson 2: Always Keep Your Losses Small & Never Fight The Tape!
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Lesson 1: Don't Be A Wall Street Fool
Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein is one of the most powerful investment books every written. Many people believe the book outlines the story of Jesse Livermore, one of the most famous stock market operators in history. The book contains a wealth of wisdom and prescient information that has stood the test of time. Many of the concepts are applicable today! Over the next few weeks, I will break down much of that “market wisdom” into a series of easy to digest blog posts.
Oil bull Hall's hedge fund down 5 pct in Jan; cites "interesting times" under Trump
Until inventories fall demonstrably, market will have difficulty adding to gains If contango stays, prices could be capped at $55/barrel levels If backwardation occurs by middle of year, mid $60 levels likely By Barani Krishnan NEW YORK, Feb 7 – Prominent oil bull Andy Hall posted a 5 percent loss at his hedge fund in…
