In Hindsight, Will a Coming Crash Seem Obvious?

In Hindsight, Will a Coming Crash Seem Obvious? The template for 2008 holds up after a midyear check on our imaginary hedge fund. To get John Authers’ newsletter delivered directly to your inbox, sign up here. The first half of 2026 is in the books and it’s been glorious. So much so, indeed, that we need an early look at the trades that have made money for Hindsight Capital LLC, my imaginary hedge fund which invests with the benefit of perfect knowledge of how prices are going to move in advance. Normally, I only go through this exercise at the end of the year, but for a couple of reasons I think it’s worth taking a snapshot now.