Good Ideas Are Scarce, Even for Pros

The highly regarded Ira Sohn Investment Conference took place this week and, as usual, titans in the hedge fund world were there using their allotted 15 minutes to stake claim to an investment idea. The Ira Sohn conference was where, in 2008, David Einhorn made his case to short Lehman Brothers. We now know what a shrewd call that was.

This time around, the ideas seemed a bit scarce, in my humble opinion. There was a pitch to continue betting against the Australian dollar, and yet another one to keep shorting the Japanese yen. Both ideas are backed by valid reasons: Australia continues to lower interest rates, while Japan recently announced a multi-trillion-yen stimulus program that can do nothing but weaken the value of the currency. Yet these ideas are nothing new to investors....302 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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