2008-10-31 — dallasnews.com
The fund was down 60 percent this year after heady gains in previous years.
...
Mr. Pickens has correctly predicted the direction of oil markets many times. Earlier this year, he said oil would hit $150 a barrel; it peaked in July at $145.29.
A valid question then is why didn't Pickens know to shield his clients from the impending collapse in the market? Is it because he didn't anticipate the de-leveraging, or perhaps some distinctly non-free-market effects were in play, or perhaps both?
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.