The Stalwart submits:

John Paulson, of hedge fund firm Paulson & Company, in recent investor communications has lambasted his competitors for blocking investor redemption requests, something his firm has not done. His firm has actually fared well in 2008, thus hasn’t been pressured by substantial redemptions.
“We think it’s a mistake for managers to use gates [...]

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Every year, the markets provide investors with lessons on the prudent investment strategy. This year’s bear market provided a sufficient number of lessons that it should be considered a “doctoral seminar.”
Lesson 1: Neither investment banks nor other active managers (including hedge funds) can protect investors from bear markets. All crystal balls are cloudy, which [...]

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Paul Singh submits:
1. Be patient with trades and setups. Do not chase trades. Let them come to you. If you miss a trade, that’s okay.
2. The best setups in this market focus on extremes. Buy extreme weakness and sell extreme strength.
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Fred Wilson submits:
I spent some time yesterday at Musee De L’Orangerie with two of my teenage kids. It’s an art museum in the Tuleries in Paris, housing the art collection of Walter and Guillaume and Monet’s famous Waterlillies paintings.
As we walked through the lower level which houses the Walter-Guillaume collection, I was struck by [...]

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Paul Price submits:
Yesterday wrapped up the second worst calendar year drop in history for the S&P 500. In 2008 it dropped (38.5%). For guidance or just historical perspective, let’s take a look at how the 10 previous worst experiences unfolded in the following 1 and 5 years.
Year ……….. % Decline ……… Next [...]

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