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chaykapwr
Registered: Mar 2009
Posts: 561 |
10-27-12 05:10 PM
Quote from badvestor:
Who are these clients and if they know so much about the markets why don't they manage their own money
Its not them telling him to change their strategy. Its them viewing the losses, and telling him he needs to cut back on the risk taking. He is basically changing strategies to reassure current clients that there will not be any more huge drawdowns
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newwurldmn
Registered: Apr 2011
Posts: 2622 |
10-27-12 05:13 PM
Quote from badvestor:
Who are these clients and if they know so much about the markets why don't they manage their own money
They have the money so he works for them. That's who they are. If they don't like what he's doing there are two options: they leave and he loses assets or he changes to appease them. Option one is happening.
It's like the mafia. When you make money for the bosses you are untouchable. When you stop making money for them, you not worth the dirt they put your body in.
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pud_shaft
Registered: Oct 2012
Posts: 11 |
10-27-12 08:06 PM
Quote from hughb:
and it may get worse here pretty soon. The deadline for redemption notifications is October 31.
http://finance.yahoo.com/news/pauls...Y3Rpb25z;_ylv=3
From the article:
I am not sure who is more stupid: the Atlanta guy or Paulson. If the Atlanta fund manager invested 10 million in Paulson, and it went down, say, by 20%, did it send a signal that something was wrong?
If the Atlanta fund manager didn't see anything wrong at 20% down, he may be a little stupid.
When the 10 million went down to 6 million, the Atlanda fund manager saw nothing wrong, he is very stupid.
When the 10 million went down to 4 million, the Atlanta fund guy is extremely stupid.
When it went to 3 million, the guy is probably blind.
But if those high-networth investors invested in a blind guy, those investors are stupid.
Then it dawns on me that most people are stupid, including ET posters.
good day...my private account..not a sim combine..lol
+$5,828
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oldtime
Registered: Jun 2011
Posts: 7357 |
10-28-12 12:41 AM
Quote from pud_shaft:
I am not sure who is more stupid: the Atlanta guy or Paulson. If the Atlanta fund manager invested 10 million in Paulson, and it went down, say, by 20%, did it send a signal that something was wrong?
If the Atlanta fund manager didn't see anything wrong at 20% down, he may be a little stupid.
When the 10 million went down to 6 million, the Atlanda fund manager saw nothing wrong, he is very stupid.
When the 10 million went down to 4 million, the Atlanta fund guy is extremely stupid.
When it went to 3 million, the guy is probably blind.
But if those high-networth investors invested in a blind guy, those investors are stupid.
Then it dawns on me that most people are stupid, including ET posters.
good day...my private account..not a sim combine..lol
+$5,828
well I'm up 6k. So that makes me a better trader than you. You wanna invest in my fund?
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