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In a nutshell "Analyzing the new data led him to take a more bearish view in 2009 and to use derivatives to protect against further market decline even while stocks rallied. It cost the fund dearly."
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"Analyzing the new data led him to take a more bearish view in 2009 and to use derivatives to protect against further market decline even while stocks rallied.
It cost the fund dearly."
Smart boy that Hussman......