You mean like this... Moez Kassam got his start
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Posted On: 08/07/2020 3:31:08 PM
You mean like this...
Moez Kassam got his start shorting stocks back in 1999, while studying for a degree in political science at the University of Western Ontario. He borrowed the Canadian equivalent of about $6,700 from a Russian classmate who had spirited his family’s savings out of his volatile homeland. Kassam’s timing was excellent: He sold short stocks like Pets.com and Mamma.com just prior to 2000’s dot-com crash. His winnings covered his tuition and repaid the 4% loan from his friend. They also changed his schedule: He enrolled in night classes, so he could trade during the day.
Today, the 36-year-old co-manages the Anson Investments Master fund, a Toronto- and Dallas-based $387 million long-short equity hedge fund that has defied the odds by making most of its money via bets that certain stocks would go down. Kassam tries to identify issues in which investors’ “euphoria” has driven prices well above what he believes the companies’ fundamentals can support. “When everyone is excited about something, we usually look at the other side,” he says.
Moez Kassam got his start shorting stocks back in 1999, while studying for a degree in political science at the University of Western Ontario. He borrowed the Canadian equivalent of about $6,700 from a Russian classmate who had spirited his family’s savings out of his volatile homeland. Kassam’s timing was excellent: He sold short stocks like Pets.com and Mamma.com just prior to 2000’s dot-com crash. His winnings covered his tuition and repaid the 4% loan from his friend. They also changed his schedule: He enrolled in night classes, so he could trade during the day.
Today, the 36-year-old co-manages the Anson Investments Master fund, a Toronto- and Dallas-based $387 million long-short equity hedge fund that has defied the odds by making most of its money via bets that certain stocks would go down. Kassam tries to identify issues in which investors’ “euphoria” has driven prices well above what he believes the companies’ fundamentals can support. “When everyone is excited about something, we usually look at the other side,” he says.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.