Re gartman: http://www.bloomberg.com/quote/ONN:US http://www.djindexes.com/customindexes/fishergartman/
Btw, not right to benchmark some of these guys to the S&P500. Some of them trade all sorts of instruments, use leverage etc.
what is that Gartman fund? It looks like something where he can take credit or say it's just an index, he's not responsible. That's one way to do it.
Wow this guy is epicly bad. He has underperformed the S&P 500 every year since 2006. That is 8 straight years of this garbage. How can these charlatans come on TV all the time and pontificate about investments when they are this bad. I'm pretty sure the monkees throwing darts would do better a la A Random Walk by Malkiel. And I'm sure he has the 2/20 fee structure whereas the SPY has a 9 basis point fee and still outperformers this guy. I love this guy's portfolio of 70% short bonds and long 25% Greek & African equities. Why does anyone invest with this guy?
Agreed. These guys claim special knowledge, insights, etc. If they can't outperform Granny investing in some SP500 index fund, then wtf.
Nope, it is not right. Why use the S&P500 anyway? Why not the Shanghai Composite or a bond index or the Rogers Commodity Index? Only makes sense if the fund is a long equity fund that trades US big caps.
You're completely missing the point. The investors want to put their money where it will get the most bang per buck. They were told these fund "gurus" could outperform the market. The gurus ain't outperforming the market. If you don't like the S&P 500, then use whatever other index you want. If it underperforms the S&P 500, then you've made a foolish choice. If it outperforms the S&P 500, then these gurus look even worse. The point is, they're not earning their management fees.
--The point is, they're not earning their management fees.-- the point is that the 90% of the industry is based around this 'business' model with the goal TO COLLECT THOSE FEES. it's all about 'expenses'\office fees. everywhere. they care less about performance . closed,delisted or underperformed? let's close it and open another one. wash,rinse and repeat.