Hedge Fund FOGO Is Obliterating the FOMO Trade
· bloomberg.com · popularity 37/100 · 0 similar stories today · Wealth, Power & Society (Society, Rights & Work)
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Summary
In a recent letter to investors, Paul Singer’s Elliott Investment Management predicted a substantial bear market ahead. There might be an abrupt change from fear of missing out, or FOMO, to fear of getting obliterated, or FOGO, the $80 billion manager wrote. While known for doom-and-gloom …
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