Develop Good Habits: The Art Of Playing Defence

Whitney Tilson’s email to investors dissucssing Vatican used charity funds to bet on Hertz credit derivatives; develop good habits.Q3 2020 hedge fund letters, conferences and moreVatican’s Bet On Hertz Credit Derivatives2) You just can’t make up a headline like this!This Financial Times article reminds me of a long-running Sports Illustrated blurb, “This Week’s Sign of the Apocalypse”… Vatican used charity funds to bet on Hertz credit derivatives. Excerpt:The Vatican invested some donations for the poor and needy in derivatives that bet on the creditworthiness of Hertz, the U.S. car rental c…

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HEDGE accordingly