John Burbank: Missing Goldilocks’ ‘Just Right’ Porridge

When the 2007 annual results were released, John Burbank (Trades, Portfolio) of Passport Capital was a star. He had racked up a spectacular 219%. He was also the person at the center of another somewhat spectacular event 10 years later: Passport’s assets under management plunged from nearly $6 billion to less than $1 billion in the first two […]