They were all the rage in 2007 and early 2008.
Hmmm, take a bunch of long only guys that have never shorted. Let them learn how to do it on my dime? I don't think so. Their idea is go long the cheapest, short the highest priced. The result is disastrous. Shorting is much more difficult and requires a much much shorter time frame.
This is an idea that should have never taken off.
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