It takes a lot of courage to face the truth. Often, its easier to just go along to get along. But this Australian hedge fund manages seems unwilling to go off the impending cliff with the other lemmings. So maybe what he’s chosen to do is worth contemplating.
“We think that there is too much risk in this market at the moment, we think it’s crazy,” Altair CIO Philip Parker said: “valuations are stretched, property is massively overstretched… Let me tell you I’ve never been more certain of anything in my life.”
Read the full article here: http://www.zerohedge.com/news/2017-05-29/market-crazy-hedge-fund-returns-hundreds-millions-clients-citing-imminent-calamity