As I reflect on Father's Day, life is far too short to be exposed to haters. So I have decided to leave this platform for while.
--Douglas Kass (@DougKass), on Twitter, June 16, 2013
Doug Kass is no doubt one of the more infamous hedge fund managers punctuating the marketplace. He is the founder and president of Seabreeze Partners Management, and is known for making wild -- and sometimes spot-on -- predictions about the market.
He managed to accurately call the bottom in 2009 while remaining bearish during the recent run-up. Most recently, he made headlines for shorting Berkshire Hathaway
), and being invited to speak his mind at the firm's annual shareholder meeting.
However you feel about him, Kass is every bit a market participant and has been a member of the investment community since the early 1970s. He's a regular guest in the financial news media and a fairly prolific sharer of his opinions. This last personality trait is likely what drove him to Twitter, through which he shared his thoughts nearly 13,500 times before finally calling it quits.
As a highly-public figure with an opinion that is not always right, Kass has often found himself criticized for his positions. Shorting Berkshire or weighing in on Apple
) -- Kass decided to express a long interest in the stock at a time when it was popular to sell -- was bound to rub some investors the wrong way. Twitter being an unregulated social medium, it became a primary venue for people who disagreed to voice their opinions.
For the record, here's Kass on Apple (cnbc.com)
"I have a lot on my plate, and my day is too busy to fight unproductive battles with them on Twitter or in our comments section," he wrote on TheStreet
at the beginning of June, foreshadowing the exit. "Bottom line: My policy going forward is to never respond to haters again in Real Money Pro's comments section and elsewhere."
For those interested in Kass' thoughts on Berkshire after his experience at the company's shareholder conference, here they are (cnbc.com)