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But we saved everything 🙂.
A hedge fund widened its long/short spread to 67.4% today, with its long positions up 25.9% on average and shorts down 41.6%, resulting in gains on both sides of the book.
George Noble described this performance as aligning with what a hedge fund is supposed to do and remarked that the era of easy money is over and the market made that clear today.
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Noble has previously called for stricter accountability for Ellison and ORCL investors, citing the benefits to financial markets in a recent post on investor oversight. He also referenced the strong reactions he encountered after advising to sell OPEN at 8 last year, as noted in his earlier commentary. These remarks reflect Noble’s ongoing engagement with market performance and investor actions.