Oh, you are SURE about that. But there are no names you can come up with. So stop shittin' on Buffet.
LOL all the mutual funds make billions from management fees and yet very few beat the stock market index. Sounds like you admire those fund managers. You can invest with them. I have heeded Buffett’s advice and put all my retirement money in the SP500 index with a 0.1% annual fee and I am doing better than 90% of the mutual funds out there.
"you just don't understand how the stock markets work". https://elitetrader.com/et/threads/the-robinhood-rally-continues.345342/page-2#post-5120929
You lost me right there. What a bunch of crap. If you wanted to do primarily good in this world you would have never considered doing it in finance. You would right now be helping to build an irrigation system for free or minimum wage or build a school in Mongolia.
Lol, 20% over such long period IS great AND magical. If you don't recognize that then you seem to be ill informed. Can you name even 3 other titans who beat his record?
I was working toward starting a hedge fund with a buddy of mine few years ago, he would run most of it and me in background doing automation and theory. He is horrible trader but people person, am very risk adverse, do far better than averages for past 30 years but horrible with people. The more I got involved, less partner would do, my hours nearing 100 a week and his be 10. WTF was I thinking, ended it. My 401k LLC is decent size hedge fund as it is, nice to not have to pay taxes yet. But it was a wonderful way to run numbers of scaling, I learned a great deal, even some weeks taxed my brain on how to be creative on putting hedges on large positions. So difficult to day trade size, sort of easy to get in, so difficult to get out when wrong, can't keep tight stops as 2,000 lot during lunch will push markets and get much slippage. At some point, why get 20% in fees when use to making 100% profits. Didn't make sense so....
the question wasn’t “where should I invest” the question was “what do I need to start a hedge fund” two VERY different questions.
it's not so much about time as it is about trade count. Time is different for different traders. Some make 1M trades during a year, some make maybe 12 only.