29 Quotes by Carol Loomis

In general, the hedge funds were clobbered by the 1969 bear market, ending up in many cases with records that were worse than those put together by aggressive mutual funds denied the luxury of short sales.

The 1969 experience has been a rude awakening for many hedge-fund investors and has left some of them with strong reservations about the whole concept. For the first time in their relatively short history, the funds are not growing: in fact, some have suffered large withdrawals of capital, and a few have actually folded.

Limited partnerships are required to amend their filings whenever important changes, such as the admission of new partners, take place.

If a company's stock is undervalued - as many managers believe theirs is - a repurchase may offer the best payoff of all.

Approaches to determining stock values vary, but fundamentally, each company judging itself undervalued is saying that its future stream of earnings justifies a higher price than the stock market is willing to accord it.

A buyback is itself a special kind of acquisition, made at prices that are typically a bargain compared with those a company must pay for an outside purchase.

The options and futures traded on exchanges are derivatives contracts.

I will confess that almost all my inspiration has come from one emotion: fear. And terrible dread of the moment when I will finally be exposed as a fraud.

I have never met a document I don't like.