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December 5, 2021
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When I Say "Dance, Puppets," You Dance

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When I tell you guys to bust out the Ouija board and summon Isaac Le Maire, do you think it's because I have insider information that you're all necrophiliacs? When I tell you to make space in your living rooms to sacrifice a bunch of live goats in the name of Chris Cox, do you think it's because I get off on the idea of you being busted by the department of health? When I tell you to wear dresses and pointy hats with stars, do you think it's because my singular pursuit in life is to turn those of you who aren't already into a bunch of cross-dressers in order to get your feet in the door at Ping Jiang's new fund? No, no and no (for the purposes of this particular point I'm about to get to but really yes, yes, and yes in the grand scheme of things).
It's because as a seasoned veteran of observing this shit, I know it gets results, which is how you can explain this bit of excellent news from one of our favorite Short Selling Wizards: Kynikos's Opportunity Fund International, Ltd. was up 3.2% for December and 15.1% year to date. Obviously, as you'll see in a moment, TPG and Avenue, like yourselves, did not heed such advice. I'm guessing Paulson didn't either, but merely got by on a fluke.


Kynikos Opportunity Fund International, Ltd.
Dec 2008: 3.2%,
YTD: 15.1%
Paulson Advantage, Ltd.
Dec 2008: 2.2%
YTD: 24.1%
TPG-Axon Partners Ltd.
Dec 2008: -1.5%
YTD: -34.2%
Avenue International, Ltd.
Dec 2008: -3.2%
YTD: -25.9%

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