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To: Fred Fahmy who wrote (5984)11/3/1998 11:03:00 PM
From: Obewon  Read Replies (1) | Respond to of 6318
 
While I'm not Bill Fleckenstein's greatest fan, he is a very astute short seller and bear. His clients have not been punished for some of his more publicized bearish bets if you examine his investment results. In fact, I would guess that many of his more surprising bearish remarks are for the sake of keeping his name and face on CNBC.

As an investment consultant, I have to admit that diversifying your portfolio into short selling can signifcantly reduce the risk (standard deviation) for the same amount of return over the long run.

OB