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I remember JG being interviewed on Bloomberg last year sometime. He was telling the host that "I wish I could explain" (his) bond-strategy. He said he is "exploiting inefficiencies." Not sure what that means in terms of hard facts, but at least conceptually, I "get" it. And yes, it sounds comical to some: he claims to know what he's doing, but cannot explain it. But I'm "there." He cannot be correct so often on a wild guess every time, just a hunch. There's a lot to be studied and learned about economics and markets, but it all strikes me to be as much Art as it is Science, particularly re: investing success. His remark from the article you posted about being correct about (whatever) but not TIMELY, is very telling. You can be correct, but if you're late to the party, or if you are correct about the information you're using in order to make a case, but you're employing it all in the wrong direction--- JG is making sense, there. I've got less than 3% of my stuff in DLFNX, and at the moment, I wish it were more.
Comments
I think that would cover some of the long-short pair trades that he's done recently.
http://articles.businessinsider.com/2012-05-08/markets/31622750_1_natural-gas-apple-trade-idea
"Here's what he said on his conference call this evening:
Long natural gas/short Apple is now up 2000% since he mentioned it on CNBC.
"It's been a heck of a trade even without Apple."