Why Are Hedge Fund Managers Always Bearish?

I’ve written a number of pieces over the years about how hedge fund managers are seemingly always bearish. Ray Dalio has been predicting a financial crisis for years now: Paul Tudor Jones has been predicting a comeuppance for a while too: I think it’s beneficial to know that even legendary investors have a hard time forecasting what comes next. If the legends can’t do it what chance do we mere mortals ...