God, you really put this one on a silver platter for me (there is NO sharing of the risk)! Here's me selling you: As an investor, you are simply a FREE & RISK-FREE Call Option based on the Fund's performance. NO RISK for the Fund Manager... If I do well, I get my cut. If I lose, YOU LOSE. My question is: can you be this stupid and naive??? PS. There is an interview in the "Market Wizards" series, that explains this quite well. You are berry, berry dumb... And I HIGHLY doubt it you are in the delusional situation described above, where you are telling potential investors to go fuck themselves
Brilliant ! and very classy if I must say, you are quite an astute gentleman but could definitely work on your reading comprehension. You missed the ****ing point completely tho wiseguy, and have far from sold me. (your objective) Id recommend maybe try and avoid things that involve sales/raising funds, reading, or possibly anything requiring analytical thought. so my original thought of, "than why dont you manage your own ****ing portfolio and **** off dont bother me", still applies. also I said lets "imagine" I never claimed to be managing a fund and have enough AUM to tell people kindly, I can no longer accept any more funds. And hint* when you get good at managing money, finding money to manage is the easy part. Kind of like a good mechanic never has trouble finding a car needing fixing. Telling people to kindly go **** off (of course in the nicest way possible) also may become a necessary business & social feature. Also, unless youre a sociopath there is a saying that "trading with your own money is stressful, trading with other peoples money is more stressful". The O.P. clarified his position, but unfortunately I cant figure what the **** you are on about exactly nor do I really care, but thanks for getting me wise to one of the most widely known books about trading from 3 decades ago, cutting edge stuff man. & if im dumb you must be a ****ing brain surgeon ****brains
So the word "astute" is as far as your vocabulary goes. You certainly studied for those SATs!!! I would not call myself a brain surgeon, although I am friends with some. But smarter than you? That's a certainty... I have to admit, I had a good laugh. This is fun!!! PS. FREE & RISK-FREE Call Option based on the Fund's performance. "Market Wizards" maybe old, but it's good. Expand your mind, and your vocabulary... Better get that Thesaurus out, and some old school "Cliff Notes"
Considering that all fund managers are invested in their own funds, thats not really true. Granted, at some ratio of AUM to own funds this risk becomes small, but it is only true for selected few.
In other words hedge funds take your money (fees) both ways, win or lose. A perfect, foolproof money making machine indeed. For them that is.
Of course you are right, but rich people rarely trade. And they certainly are not going to mess with moving averages, trendlines and breakouts, assuming they even know how in the first place.
Nope. "Half of the 15,000 mutual funds in the US are run by portfolio managers who do not invest a single dollar of their own money in their products, raising concerns about whether fund managers’ interests are properly aligned with those of their investors." https://www.ft.com/content/2c910bce-7105-11e6-9ac1-1055824ca907
If I had to wager, you either never grew up and watch way too many 80s wall Street movies or drank a few too many martinis. but I have been wrong before and it's very possible you're just a ****ing doosh. But being a doosh isn't the worstest thing in world. Takes a real doosh to see investors in his business (and him), as "free risk" rather than you know, a necessary burden in order to grow as a business or a you know a Blessing to be able to grow as a business. Or you know customers... It may be this mentality is what attracts a lot of s***bags. maybe some feel this s***bag mentally is accepted or even encouraged.
You clearly wrote : "Considering that all fund managers are invested in their own funds", remember? In any case do you have any proof of that?