Porter Collins

11 statements across 1 episodes · 2 bullish · 4 bearish · 1 people on the record · first statement Jul 3, 2023 by Porter Collins · across every show →

On the record as a speaker too: Porter Collins's record, appearances and statements → this page counts the times other people say the name.

Everything said about Porter Collins, oldest first

Jul 3, 2023 positive

Disclosure

Collins: Seawolf gained over 150% in 2022 despite a 30% drawdown

“Last year, we obviously were pretty decently plus 150% or a little higher than that, but we had a 30% drawdown at one point in the year.”

Porter Collins Jul 3, 2023 ▶ 48:38 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 bearish

Opinion

Collins: Passive investing in fixed income is one of the stupidest ideas

“Fixed income is a little bit different, and I think I've said this many times, passive is one of the stupidest ideas ever in fixed income.”

Porter Collins Jul 3, 2023 ▶ 45:59 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 bearish

Disclosure

Collins: Seawolf Historically Shorted Banks for 15 to 20 Years

“And as long as I've been an investor and doing banks, I've hated banks, and there's been a lot of bad management teams, and so we historically, for 1520 years, had been short banks along other parts of financial services.”

Porter Collins Jul 3, 2023 ▶ 27:50 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 negative

Opinion

Collins: Citadel's pod shop model is risk management, not actual investing

“No one has done it better than Ken Griffin. But one of the things that really struck me was that it's not investing. There's actually no part of investing to it. It's managing a bunch of tickers within a risk framework.”

Porter Collins Jul 3, 2023 ▶ 22:14 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023

Disclosure

Collins: Seawolf Capital's current portfolio trades at an average P/E of three

“I think now our average P.E. Is three.”

Porter Collins Jul 3, 2023 ▶ 32:22 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 neutral

Assertion Not checkable as stated

Collins: Steve Eisman required five weeks of reading before hiring him

“And he said, before you even start working for me, you have to spend five weeks reading, knowing about who I am, what I like, and the books I like.”

Porter Collins Jul 3, 2023 ▶ 8:52 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 bearish

Opinion

Collins: Discretionary investors cannot beat Citadel analysts or automated quantitative machines

“Because we can't beat the machines. You cannot beat the Citadel analysts. There's 50 of them all looking at the same name and back book behind it, and it's hard to beat that.”

Porter Collins Jul 3, 2023 ▶ 33:55 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023

Disclosure

Collins: FrontPoint returned 200% on the subprime short without heavy leverage

“Even on one of the things that we got wrong about the subprime trade is that we didn't put a lot of leverage on it. And that's why we made, what, 200%.”

Porter Collins Jul 3, 2023 ▶ 14:06 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023

Assertion Not checkable as stated

Collins: FrontPoint risk managers opposed entering the famous subprime short trade

“The extent of the risk management that occurred at Frontpoint, there were two risk managers, lovely guys, but the only thing that they really pushed back against us was on getting in the subprime trade because they said, well, you'll never get out of this thin…”

Porter Collins Jul 3, 2023 ▶ 13:24 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023

Assertion Not checkable as stated

Collins: FrontPoint anticipated the subprime credit crisis years early

“Everyone likes to talk about the big short trade. We knew this was happening. We'd talked about this for two, three years of waiting for this credit cycle to happen. It was not a surprise to us, and we were really ready for it.”

Porter Collins Jul 3, 2023 ▶ 11:50 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Jul 3, 2023 bullish

Disclosure

Collins: Seawolf holds long gold as short against US balance sheet

“One of the things that looks like a short, but isn't is our long gold position.”

Porter Collins Jul 3, 2023 ▶ 35:23 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Porter Collins

Everything said about Porter Collins, oldest first

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