Feshbach Brothers (Short Sellers)
From the Valuewalk piece about the Barron's article:
Through the 1980s bull market, the three Feshbach brothers reaped substantial profits as they picked short bets carefully. The Feshbach brothers looked for the companies that they considered to be overpriced, overhyped or downright fraudulent becoming self-described “stockbusters”.
The Feshbach’s Southgate Partners partnership produced some staggering performance numbers over its life. Gross annual returns topped 60% on more than one occasion. Between 1985 and 1990, a period when the S&P 500 gained nearly 70%, the Feshbach’s didn’t lose money. In fact, their worst year during this period was 1989 when their fund only produced a gross return of 20%. During the first nine months of 1990 Southgate Partners reported gross gains of 60% compared to a drop of 13% for the Standard & Poor’s 500-stock index.
1986: Joe Feshbach Barron's Interview
1990: Short Road to Success : The Feshbach brothers of Palo Alto (LA Times)
1992: No Guts, No Glory: Short-Selling in a Bull Market (NY Times)
2005: Stock buster' Joe Feshbach returns
2008: Famed short-seller Feshbach liquidating fund