"Get The Popcorn Ready" – Why The World’s Most Bearish Hedge Fund Thinks The Biggest Crash Is Almost Here zerohedge.com

Conventional investing wisdom would have you believe that anybody who has remained bearish on global markets since the financial crisis has not only lost a boatload of money, but has missed out on the opportunity to cash in on one of the most torrid bull markets in recent memory.

However, as Horseman Global's Russell Clark has proven over and over again, this simply isn't true. A few years back, we anointed Horseman with the title "The world's most bearish hedge fund" for a very simple reason: Of all existing asset managers, Horseman may be the one with the biggest and longest net short position in history. Just look at the chart below, which shows not only that Clark's net exposure was (as of March) a staggering -88.14%, with a gross short position of 160%, but that he had been effectively net short since 2011!