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    Are hedge funds' reported performance before fees or after fees?

    Hedge funds' poor performance have been reported throughout the financial news recently. Not gloating over them because I did poorly myself. I would like to know if these hedge funds' performance reported on the news are by default before fees or after fees? If it is after fees (including both...
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    Free EOD forex data websites? www.eoddata.com stopped working

    I used to download free end-of-day forex data from www.eoddata.com . It seems like they have stopped providing forex eod data since 26Dec2017. Anyone download forex data from this website and encounter the same problem? What are some other websites to download free end-of-day forex data? Thank.
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    David Einhorn down 34% in 2018

    This is his worst year. My impression of him listening to his speeches is he's a brilliant man. I wonder what lessons investors can draw from his terrible performance in 2018. https://www.bloomberg.com/news/articles/2019-01-01/einhorn-s-greenlight-extends-drop-to-34-in-worst-year-on-record
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    How is he doing now? re: A former manager at Target became a millionaire

    Wow! this pricing from Ed Seykota is very high. USD3499 for workshop. Might as well learn from books and forums like elitetraders. I didn't know he has switched to training to earn money instead of trading. This says something about his recent trading performance...
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    Forex futures vs spot fx. Which is cheaper to hold a forex position over a year?

    Certainly not being sarcastic. I'm grateful for everyone who take time to reply:) To my knowledge, the interest charges are built into the price of the futures. The question is whether it is lower or higher than that charged by spot fx.
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    Forex futures vs spot fx. Which is cheaper to hold a forex position over a year?

    Sorry for not being specific. That would be a good specific question to answer. THank you.
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    Forex futures vs spot fx. Which is cheaper to hold a forex position over a year?

    When holding a forex position over a longer term period such as several months, the cost incurred is the interest charges for the leverage and rollover commission fees for forex futures. Spot forex does not have cost like rollover fees. However, I get the impression that spot forex brokers...
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    Was counterparty risk high enough to worry about for futures exchanges during 2008?

    In 2008 financial crisis, almost everyone was scared of counterparty risks in the financial system because even strong banks were falling apart. For futures traders, were there counterparty risks (high enough to worry) that the clearing houses like CME may not be able to pay the shorts for their...
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    Which is the best day of the week to buy stocks historically?

    I am not sure if there is such a statistic but it will be interesting to know. Is Monday the worst day to buy stocks because people have Monday blues, so Mr Market will be in bad mood? Is Friday the best day because people are in good mood (Thank God it's Friday), so Mr Market will be in good mood?
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    Einhorn fund down nearly 28% for first 11 months of 2018

    He was known to be among the best value investors. He was so good at shorting that a sentence from his mouth can cause XX% loss in the stock he shorted. I am sorry to hear what happened to him this year. I wonder what can we learn from the terrible performance of the great master in 2018. Why...
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    How can this oil hedge fund giant lose so much when October was an easy short trade?

    As stated in the original opening post, I have negligible experience in trading oil. I did not profit from shorting CL. I am not skilful at all. I did not start this thread to gloat over the misfortune of someone who is smarter, more experienced. I am curious how these more competent players...
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    U.S wants Mike Lynch to pay back 800m of gains from selling Autonomy

    This begs the question. Why didn't U.S force the Wall Street bankers who caused the 2008 financial crisis to pay back their ill-gotten gains? Any prominent bankers been charged so far? https://www.ft.com/content/6e63c9e0-f445-11e8-ae55-df4bf40f9d0d The US has filed criminal charges against...
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    How can this oil hedge fund giant lose so much when October was an easy short trade?

    Nothing special. You can see with a visual check that the trend has reversed in Oct.
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    How can this oil hedge fund giant lose so much when October was an easy short trade?

    I have negligible experience in trading oil. However, I do have some experience at chart-reading. Looking at CL futures, October 2018 was an easy short trade. Those who shorted will enjoy the ride with little whipsaw. It was an easy trade. I am surprised that great oil traders, such as this...
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    The Triple Jeopardy of a Chinese Math Prodigy

    GBP400k is hardly enough to be set for life, especially if the person is living in an expensive city like London.
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    Avoid Portfolio Managers Who Are on a Streak — Whether Hot or Cold

    Bill Miller may have beaten S&P500 for 15 years. His fund lost 58% in 2008. It will be interesting to calculate if he destroyed more investors' money than made his investors money. The influx of investors' money will come near the tail end of his successful winning streak. This is why the 58%...
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    America’s Most Lucrative Portfolio Management Jobs

    That is how the free market works. For some reason, when it comes to salary for money managers, the free market fails to work. In other professions, most humans would have lost their jobs or have their wages severely depressed if they under-perform passive and cheaper machine algorithms. Don't...
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    America’s Most Lucrative Portfolio Management Jobs

    To be fair to clients, I don't think clients should pay analyst or PM well simply because they work very hard, sacrifice their weekends, travel a lot and expend lots of energy. If I am a patient and I have a doctor who works very hard but simply cannot cure me, I will be very unhappy if he...
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    America’s Most Lucrative Portfolio Management Jobs

    A fair question to ask is ... did these money managers make more money for their clients than they earn for themselves? This year is a bad year for the markets. If most of these money managers underperform cheaper passive benchmarks or even lose money, why do they deserve to earn so much above...
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    Traders in Thailand

    Why buy stocks if I am not entitled to dividends? That's terrible. Which foreigner is going to buy Thai stocks if he is not eligible for dividends despite the risks he is puttin in?
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