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You can do in excel close enough for government math. That’s what I do.

remember his VAL and HLF trade? Clearly you do….

remember when he made 2.7bn on a 27mm investment?

after he made 1bn betting on rates.

Most longshort funds don’t show better performance in down markets which makes their underperformance in bull markets less tolerable. One thing about ackman is that you are investing in a very smart guy with a strong investment process who takes super concentrated bets. He should be less...

i thought his show started in like 2003 or 2004

I said Ackman has more tax liability. From 2014 to now you get (index return - more taxes). Underperformance is even greater. Over your horizon your conclusion is right. Over a different horizon a different conclusion will be made. Both are arbitrary.

Those returns are typically net of the 2 and 20. So you are still right. He got rich while you got an index return with more taxable liability. But remember that he is a value/activist investor and yet he was able to keep up with the faangs which were on a tear (of course nothing stopped him...

there’s always a bigger animal in the jungle who wouldn’t notice you if they kneeled down to take a dump on you. Don’t shit on someone because they trade smaller than you.

Looking for an algorithm when they should be asking why are they trading anything.... like n Jurassic Park: Your scientists spent so much time figuring out if they 'could,' they never asked if they 'should'

because what’s the point of doing anything unless you do big size.

why not 2mm shares?

I look forward to your blotter where you show a 80mm position.

MR X!

i suspect that when he dies it will come out quietly that he has left his family with millions in debts.

I pay 2300 because I reduces the time I need to spend compiling information from various sources.

I tie the Bloomberg to excel where I feed live prices and run my risk and intraday pnl analysis. I also feed data to a local sql server on that computer. By using the GoToMyPC I can access this from my office (where I have a day-ish job) You can’t Remote Desktop to a Bloomberg terminal that is...

Me remote desktoping (using GoToMyPC) to my bloomberg anywhere account. I've been doing this every trading day for the last 10 years.

it was almost as if Putin had something over trump.

No they don’t. I have a Bloomberg terminal at home and I GoToMyPC into it all day long from my office pc. But practically only one person can use it. they have two types of logins: Bloomberg anywhere which is tied to a person and Bloomberg (something) which is tied to a terminal. The latter is...