Hedge Fund Passport Bets on Bitcoin

John Burbank and his hedge fund Passport Capital plans to “launch a new arm that focuses only on cryptocurrencies” in an effort to match his financial crisis-era success. This according to an article in The Wall Street Journal. Burbank became well-known by purchasing credit default swaps ahead of the financial crisis, which led to a more than 200% gain for his main fund in 2007 (and personal profits of $370 million).  Since that time, however, the… Read More

Zweig on Buffett and Bitcoin

Author and columnist Jason Zweig says that successful investors–such as Warren Buffett and Charlie Munger–can set aside emotions, according to a recent CNBC article. At the recent Evidence-Based Investing conference in New York, Zweig mentioned Berkshire Hathaway’s Buffett and Munger as among the top tier, adding that they are “inversely emotional and are able to turn emotions inside out,” and “acutely sensitive to the fear inside other people” which they then take advantage of. With… Read More