As Ryan Heslop and Ariel Warszawski look out the window, they look at a world turned upside-down and benchmark history, albeit from an investing standpoint. “Are we in a golden age of belief trumping reality?” The somewhat unconventional pair of hedge fund managers running Firefly Value Partners, the David Einhorn-backed fund, just doesn’t seem to believe the world in which they exist. They are unconventional in not only their questioning of the herd consensus but in recent hiring, they sought analysts who don’t have experience at market analysis so as to avoid an elite form of groupthink. [munger] To Ryan…
Einhorn Backed Fund Wonders: “Are We In A Golden Age of Belief Trumping Reality?”
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.