He heard it at a global warming conference. The debate about whether he went to see him is over. What are you guys, a bunch of Tony Robbins deniers?
A bit more context, please. Did he hear some gossip among the wait staff? I'm not saying it is not so, it is just that it is the first I have heard of it. It was an honest question. And what, exactly, is a Tony Robbins "denier?"
This is a true statement. The poker game going on between some of the major funds is awesome. Renaissance, in particular, has kicked ass at this.
Why would you bother with that when you'd have to pay a management fee and a performance fee in the event that they were right? .... unless your implying that the funds holders are the ones being hosed by participating alongside them in such a game... then their might be a slight edge in the liquidity sense. Is this what you are more specifically refering too?
the reason why you would place a little money, is that you may get to see a good breakdown of their returns. Plus, some of the funds give you a run down of what events impacted their returns. I only had a little bit of money myself but I entered a few commodity trades with a little extra confidence because I suspected they were going to get a pop from one of my commodity funds. By the way i am not saying I had a ton of money. I had some. I was taking my daytrading profits and putting into some funds.
Because of that fact Jem many managers are very opaque in disclosing their positions. Even to investors. Guy's in the Bond pit would throw a hundo into Tudor, Trout or Dennis just to gauge what you're describing. The fund's quickly figured that game out.....
I agree. My dennis fund report was very opaque but after I while I knew what he was doing. He was hunting down trends, did well in the British Pound. Had a serious draw down on some false breakouts and went large in the S&PS with some fast strategy. He had a sweet return for that month. Then when he suffered drawdown again. he exasperated it with an S&P failure. Then he went into the death spiral as people took their money out. I guessed all this based on observation. but after a while I new whether I was going to have a good month or bad pretty accurately. I am sure there is better intel with prime brokers. However I had another fund where what he was doing was plain as day after I compared my monthly returns with commodity charts.