Investment Lessons from ‘Invisible Hands’

I ought to read a book., when you think about the success of macro funds and the failures of B&H to remember, that these fortunes-not-fortunes are cyclical. When the amplitude of the oscillations falls, Macro funds have more and more difficulties. Maybe 2010 was the last great year for macro funds. Although the consensus is waiting for volatility to rise (do not find, that the consensus is behind the curve?).