The Traderszone Network

Published in TZ Latest News 4 July, 2014 by The TZ Newswire Staff

"Making Investment Decisions Based On Fundamentals Is No Longer A Viable Philosophy"

Yet another in a long stream of relatively esteemed hedge fund managers has decided enough-is-enough and is shuttering his firm. The reason? Same as the rest… As WSJ reports, Steve Eisman, who emerged as one of the stars of the financial crisis with a winning bet against mortgages, has wound up his fund because he believes that “making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy.”

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