Texas' Grizzly Bear
Traders Magazine, June 2001
David W. Tice, proprietor of the Prudent Bear fund group in Dallas, Texas, has been debunking corporate and Street cant in his Behind The Numbers fundamental research service for institutional clients since 1988 and putting his skeptical analysis on the line in the Prudent Bear Fund since 1996. Not, you'll quickly note with 20/20 hindsight, exactly a great time to start a bear fund.
But Prudent Bear, with $140 million in assets currently, has both survived as a hedging vehicle and produced smart outperformance for clients amid market downdrafts. Of which, David is quite sure, we haven't seen the last.
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