Paul Singer Discusses Managing "Illogical Market Trends"

The old trading axiom that a trending market can be wrong longer than an investor can remain solvent applies to everyone – including Paul Singer, one of the largest hedge fund managers in the world. Paul Singer: Challenges of a long career in money management In a recent letter to investors reviewed by ValueWalk, Paul Singer notes one of the main challenges of a long career in money management is making the correct call on a market that is trending in the opposite direction and waiting for that market to reverse. “The distance (in terms of time and cost) between…