Recent content by Deep Pockets

You seem like a nice man. Your thinking is dangerous as it your children's thinking. They should all have PPLI policies (i recommend Lombard International) and invest into an Insurance Dedicated Fund of Funds on their platform. Highly diversified, no taxes, asset protection, ability to borrow...

I'm not looking to learn how to trade through any paid mentor. I was a trader for one of the most successful Firms in history but that style of trading is long gone back in the 1990s. I want to be Julian Robertson and find the next Chase Coleman. Not an easy task.

The absolute level of return is not relevant in isolation. It is the level of return for each true unit of risk that actually matters versus the probabilities of hitting those losses, etc. Not a simple or objective matrix. Lots of subjectivity. However, in isolation, if i knew i could make 8%...

If every investor's goal was to beat the S&P, why would there be money in bond funds and money market funds? My goal is the efficient frontier of the highest quality risk-adjusted returns. I'd take an 8% return of pure arbitrage versus a 15% volatile and uncertain return all day long. I can play...

You're probably right, but, never know where you might find 1 undiscovered opportunity. The competition is getting so fierce that someone like me is certainly not going to find them at the Morgan Stanley Breakers conference with a zillion other allocators who are throwing money at anyone with...

Thank you, BMK. This guys knows what he's talking about in options. I have volatility arbitrage guys and US stocks are so picked over by the smartest robots in the world. I wish I could find someone like this who plays in a softer playing field like liquid but esoteric options like Cheddar...

Good list. I think you filter a lot using these 10 rules for sure. Thanks for your thoughts!

There are very rare circumstances where people are doing very interesting things but don't talk about it much and just mint money (just like HFT until everyone found out about it or similar strategies). Admittedly, that is one in a million but it exists. Just hoping to find someone doing...

There is talent and there is money that backs the best of the best talent. I am the latter. However, admittedly it's certainly not easy to find but that is why one gets paid to find talent. It's a full-time job and a half. Obviously, it's not all my money

I think this is a very intelligent reply. Thank you

This is precisely the question I am seeking to answer, except a portion of it. It's exceedingly hard these days to find talent to allocate to that truly have consistent positive expectancy and generate alpha. Just trying to find diamonds in the rough using creative methods to source talent. One...

I'm not seeking tips or someone to teach me their edge. I'm happy to pay someone who is that VERY rare bird who truly has an edge and produces consistent alpha irrespective of overall market conditions. Tell me your cousin is the syndicate manager at Goldman and you get large allocations of IPO...

From your first paragraph, you sound like someone who could be the real deal which I define as someone who can make a good, consistent living from this business throughout an extended period of time. If one can scale size, that's the best of all worlds

Agreed, it's not easy but I suppose Julian Robertson has done a decent job of finding "Cubs" who've gone on to incredible success. I'm sure he had many failures for each success. One has to enjoy the process of looking i suppose :)

Also, I'm not necessarily trying to beat the S&P 500. Returns in isolation are meaningless without examining how much risk is being taken to achieve those returns. It's the highest after tax risk/adjusted returns that is sought. There is a lot of subjectivity to the "highest quality" returns...