http://marketfolly.disqus.com/Updates on what top hedge funds have been buying and selling. SEC Filings, hedge fund letters, investment conferences and more.enMon, 29 Dec 2008 17:07:48 -0000http://www.marketfolly.com/2008/12/citadel-opens-fund-bill-fleckenstein.html#comment-4732855<p>Bill actually mentioned that the toll it was taking on him mentally was starting to build up... to constantly be short the US markets and companies. Very draining.</p>marketfollyMon, 29 Dec 2008 17:07:48 -0000http://www.marketfolly.com/2008/12/citadel-opens-fund-bill-fleckenstein.html#comment-4730561<p>Bill Fleckenstein has been consistently and confidently very pessimistic about the U.S. economy.<br>When disaster does strike, he will have warned us, and warned us, and warned us...He makes his money off of this by short selling. You're either a part of the problem or part of the solution. <br>Did Bill finally get a conscience? </p>MickyMon, 29 Dec 2008 15:28:49 -0000http://www.marketfolly.com/2008/12/citadel-opens-fund-bill-fleckenstein.html#comment-4302840<p>yea definitely, i'd agree with that for sure. its very often painful to be early, and that's why you have to constantly test your theses and make sure it is the market that is missing something and not you.</p><p>that's why i'm a big proponent of scaling into your plays, be it swing trades or actual core portfolio positions. allows you to get in with your thesis and then observe the price action and conduct further research.</p>marketfollyTue, 09 Dec 2008 22:42:52 -0000