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   POLITICS      Political Discussions      39,875 messages   

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   Message 37,911 of 39,875   
   Joseph Pereira to All   
   Scott Bessent's Track Record   
   22 Sep 25 06:21:49   
   
   TZUTC: -0500   
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   Several investigative journalists have been investigating how Trump's Commerce   
   Secretary performed as a hedge fund manager. Scott Bessent has worked for   
   several leading financial firms and at one point managed a hedge fund worth   
   several billion dollars. Scott was working for Soros when he decimated the   
   British pound. This netted Soros a billion dollars in profit.   
      
   His track record as an independent hedge fund manager wasn't particularly   
   convincing. His annual returns fluctuated enormously and in most years   
   significantly lagged the index.   
      
   One investigative journalist even calculated that at one point Scott simply   
   lost 90% of the money he managed. This was due to losses on the stock market   
   and losses to participants.   
      
   In short, he may have been a major player, but he wasn't a convincingly good   
   one.   
      
   He's now a Commerce Secretary who has no idea how import duties work in   
   practice. That, too, doesn't inspire confidence in his knowledge or his   
   character.   
      
   I think he's a really dirty creep who'll do anything for a little bit of power   
   and prestige.   
      
    .   
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