Crispin Odey Makes Mistake In Timing In Historical Analogy And Market Bets

One of the world’s most bearish hedge fund managers, Crispin Odey, had yet another dismal month in April, a letter to investors reviewed by ValueWalk shows. The OIE MAC strategy, with $852.7 million under management, was down -5.4% (USD class) and -8.5% (GBP B class) on the month. But perhaps what is most notable is a timing mistake Odey makes in the letter, highlighting just how difficult a crash prediction is to make and remain committed. The Germans stopped their advance on Moscow on December 5, 1941, already had taken Kiev and America was in the war in 1942 Odey’s…