I saw a piece on Mark Hart and it rang a bell, hadn't I posted something like this before?
Yep ... from about 13 months ago: China yuan bear: "I was too dogmatic ... I've certainly broken a few phones."
Despite the trade not working & him closing his fund he floated a new one to take the same bet, and that didn't work either.
And now this update ....
Mark Hart spent seven years and $240 million waiting on a crash in China's currency.
He lost sleep. He lost clients. He damn near lost his sanity.
And now he's lost his conviction: Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
A good read! Down $240 Million on His Seven-Year Short, a China Bear Gives In
