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The Best of 1H22 – Zeihan, Grantham, Zelman, Bloomstran, Ilmanen, Arnold, Baker, Grice, Valiante & Ariely | #426

The Meb Faber Show - Better Investing

CHAPTER

Trades That Are Too Big - Or Are They Too Small?

Brian hunter was a trader at an arb hedge fund doing convertible bond arv. He ended up very, very deep in a position that dependet upon having a hurricane. His management came in and saidn more. In fact, you got a decreased position. It turns out he wasn't decreasing the position. May have been adding to it. And then they get to a point where their clearing firm says, position's too big. You got to get out of it.

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