Imagine that family xmas dinner, it would be like one of those SNL skits with the dinner table flipped over, lol.
Dimensional Fund Advisors is based around that exact model-charging a management fee for managing passive investments...you're paying for their wisdom that markets are efficient...and that you can tilt returns only by increasing your small cap and low price-to-book exposure. They're the most honest financial advisors out there. They take less than a % and give you academically (Fama, French, etc.) sound management. DFA is clear about their strategy too-and it was started by a guy who felt guilty churning customers accounts in a selfish attempt to collect fees/commissions at one of the big wire houses.
oh yeah, I never claimed to be an expert prop trader. Did you even read that link? Second-I have some more intelligent index style strategies involving options, but only for insurance purposes. I'm not talking about anything revolutionary, but sometimes less is more. In fact, most active managers suck cuz their too active.
borat: the market isa very efficience!! I like!! (pause) NOTT! why not apply to DFA? I am sure they will hire you. May start out as a coffeboy but you will quickly move through the ranks with your experience.
Stop making excuses and go to grad school. Your ROI will be higher, and the markets will still be there when you are done. You can thank me later, and I do accept PayPal.
It's your know it all arrogance. You start a thread seeking advice, dismiss the good advice given to you, then start another thread in the completely different direction. You seem to have a quick and easy answer to every suggestion, so i assumed you're an expert. When can we see your profile in market wizards?
To the OP, Nothing wrong with feeling like you are the shit that doesn't stink, but there is a fine line between being cocky/arrogant and being delusional/retarded.
speaking of hedge funds. has anyone read that article about the multi millionaire 22 year old investing in hedge funds?