Pain Allocation, Frog Poison, And Druckenmiller’s Secret Weapon
macroops.substack.com
“My portfolio is very balanced… I have half my assets in cash and the other half is in pain…” My brother-in-law told me that the other day and it made me chuckle. I’m guessing that pain allocation resonates with more than a few people right now. We’re holding 68% cash in the MO port and have been carrying productive shorts (short ETHUSD, short RTY, short NVDA) so our net exposure has been low. But even with this defensive posturing, we’ve felt some pain over the past few weeks as our port has drawn down a bit from NAV highs.
Pain Allocation, Frog Poison, And Druckenmiller’s Secret Weapon
Pain Allocation, Frog Poison, And…
Pain Allocation, Frog Poison, And Druckenmiller’s Secret Weapon
“My portfolio is very balanced… I have half my assets in cash and the other half is in pain…” My brother-in-law told me that the other day and it made me chuckle. I’m guessing that pain allocation resonates with more than a few people right now. We’re holding 68% cash in the MO port and have been carrying productive shorts (short ETHUSD, short RTY, short NVDA) so our net exposure has been low. But even with this defensive posturing, we’ve felt some pain over the past few weeks as our port has drawn down a bit from NAV highs.