Picture this scenario... Timmy is trying to lure some poor bastard into investing in his retail account...oops, I mean "hedge fund". Timmy to investor-- "From 1999-2001 I turned my bar mitzvah money into an audited sum of blah, blah, blah... Investor-- "That's impressive, great job. What have you done since then?" Timmy -- "Well, I was the #1 short biased fund from 2003-2006" Investor-- "Wow, that's outstanding!!! What was your annual return?" Timmy-- "Ummm, well, I'm not supposed to talk about it due to my ummm, lawyers." Investor-- "Well, you certainly don't expect me to write a check unless you tell me your results" Timmy-- "Uh, Ummm, O.K...I returned 1.5% annually from 2003-2006.....but did I mention that I was the #1 ranked short biased fund?" Investor-- "1.5% annually over 4 years!!!! That's awful. I could have done multiples of that in my savings account....at zero risk!!!" Timmy-- "But I was the #1 ranked..." Investor (abruptly and angrily interrupting)-- "Stop wasting my time kid....beat it" Timmy (sobbing)-- "Wanna buy a book?"
LOL Even though you're a complete moron, you still have a good sense of humor. Maybe you still have a chance at being somebody some day.
Can you guess where I'm going to detail my risk management? C'mon I'll give you 3 guesses, but after that you're on your own
Dana Galante did 15% annually using pure short selling during the wild bull market of the late 90's. You are no Dana Galante
Timmay! I'm a big fan, and one day, I'm gonna be somebody! Where can I get the t-shirt? any chance of a free one if I buy a book?
Timmay likely will say: "uh... got no risk management thats why my investors hate me and why they leave my Fund ...its all in my upcoming book...learn from my incompetence....please buy my book because I will never be successful on wall street, and will never earn an honest living as a Fund manager..." "Learn from my incompetence...."
Thanx--I'm actually in the process of upgrading my website so def. stick around...it's gonna be an interesting few years as I aim to take trading and hedge funds to the masses!