Discussion about this post

User's avatar
Rohit Krishnan's avatar

Nice essay! One quibble on Rentech is that for a long time they've not been accepting money into the fund, because that'd possibly destroy the alpha, which means the returns aren't technically 19k% because they can't be compounded at the same rate. None of which takes away at all from their extraordinary outperformance, which I mostly attribute to them secretly making a deal with Beelzebub.

Expand full comment
John Van Gundy's avatar

Great piece!

The tide comes in

the tide goes out

and nobody knows

what they’re talking about.

Expand full comment
4 more comments...

No posts