After receiving what he described as “candid thoughts” from initial investors , Melvin Capital Founder Gabe Plotkin has suddenly decided to abandon his plan to leave ‘underwater’ investors with massive losses and demand a ‘do over’ with fresh capital.
We can’t say we were surprised at his reversal (as the tweet below exclaimed) – though we admit to being somewhat shocked at the blind arrogance of his initial ‘plan’. Hegde funds not only want to be paid 2 and 20 when 98% of them can’t outperform the S&P for 12 years in a row, but they now also want to […]
Read the rest of this story here: www.zerohedge.com
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
