Investing experience is a powerful weapon. More and more, I believe that we have seen today's market setup before. That pleases me because I know how to profit from it. Last time we had the market setup we have today, I watched a great investing team generate an incredible profit. Today, I'm going to tell you about a lesson I learned 20 years ago that is still relevant today. Then, I'm going to tell you how one of the greatest investors of our generation is now positioning his firm to profit in the months and years ahead. While the Market Crashed, This Fund Rose 71% in a Year Some things you just never forget. Twenty years ago, I was living in Bermuda working at a hedge fund administrator. I provided accounting services to hedge funds and got to see what they were buying and selling on a weekly basis. I had the pleasure of working with some of the greatest investors in the world. It was a sweet gig, to be sure. Pink sand beaches, a crystal clear ocean and wonderful weather year-round. I loved watching how these world-class hedge funds operate. Then, in 2000, the technology bubble popped and the stock market crashed. But one fund had been positioned for this for months. Week after week, Orbis Funds posted excellent results as the rest of the market was melting down. Each Thursday, I raced to work to see how the fund had performed over the past seven days. It was exciting - I felt like I was a part of what was going on. In 2001, the first year of the bear market, this fund notched a 71% return while the market crashed. The lesson I took away from watching this outperformance is that what this hedge fund did was incredibly simple. It is also the exact same thing that another investing legend is doing right now... | 
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