David Einhorn (Hedge Fund All-star) Posts Worst Year Ever - Losing 34% | January 5, 2019
David Einhorn's main fund at Greenlight Capital lost 9 percent in the last month of December 2018 according to a CNBC article. This brings the total decline of the main fund for 2018 to 34%. This is the worst performance Einhorn has seen since the formation of the firm.
This is our thoughts.
Even if you are considered a 'hedge fund all-star' you still lose money. If you are new to investing you definitely need to understand this. These so-called 'smart money' lose money too. We are not the exception. Everyone that deals with the financial markets lose money. They all make bad mistakes and decisions. You can be assured that if you are losing money you are not the only one.
The key to eliminating the prospect of losing money, which cannot be totally eliminated, is learning how to read price charts.