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Raising Capital Hedge fund or Old School partnership

Discussion in 'Professional Trading' started by Trademanstan, Sep 27, 2012.

marketsurfer
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Quote from oldtime:

unfortunately, I started out as a broker, and quickly realized it didn't matter how good you were, you needed a salesman. Showing a doctor or a lawyer your returns won't budge a dime. The guys that can sell don't have a clue how the market works, but they can sell. Nothing happens until somebody sells it. And usually, good traders are horrible salesmen. If they weren't, they would be salesmen, since that is the highest paid profession.

A good salesman can move into a new town and within a month will be a member of everything from the health club to Kiwanis and probably be running the local food bank.
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Not to mention Everyone starting a fund has great performance, otherwise they wouldn't be starting a fund. Performance is th least critical item.

#11 Sep 28, 2012

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