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I made 52 percent in 2008 while the world was ending. That year taught me that being right and being popular are never the same thing.
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I capitulated. I admitted I was wrong about the recovery. Then the market punished me for being honest. Macro investing is a cruel teacher.
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Central banks have created the largest asset bubble in human history. When it pops the consequences will be generational.
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I would rather be wrong and interesting than right and boring. The world has enough boring fund managers.
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The hedge fund industry does not reward good macro thinking. It rewards assets under management. I chose thinking.
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I live in St Barts now. I run a resort. I make YouTube videos about macro. This is the happy ending nobody expected.