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Uh, I made these calls weeks ago. My short portfolio has a 48% alpha. Not just riding some negative betas. Whateves, just trying to be nice. You guys can continue to speculate on earnings calls like degenerate gamblers.

To anybody who followed the thread before, RT (Ruby Tuesday) is down 22 pts. from where I shorted... CAL is down 53.57 PMI is down 63.5 Those were the only ones I gave up as shorts, with a full breakdown of RT only. RT was actually going up for a little while, but this last market...

I do not do well in corporate settings; I know this from the entry level jobs I've had. I'm small and suck at sports-right there, I'm screwed. How do you move up in an alpha culture like that?

um, I'm long oil; short consumer discretionary, airlines, and financials...kinda the same thing.

It shows that the market is not information efficient. And GM is a widely covered stock. There's more opportunity with small caps.

Flip a coin.. that's all you can do. There's no transparency, so why guess?

um, what? I don't even see anything fantasy worth. Starting a small fund with friends and family money...not exactly Renn Tech or DE Shaw buddy.

It seems much of this guy's dismay (and somebody already mentioned his name, I'm not saying which one it is) is with young intellectual capital being directed towards selfish activity, as opposed to say, heart surgery (Canada needs more qualified specialists).

Look, I've studied game theory, I understand moral hazard...the legal structure encourages you to rig a hedge fund so it's a negative sum game for investors, but a positive sum game for yourself. Not rocket science. Thing is, I take on less REAL risk than an index fund. A 5 standard...

^care to elaborate?

I'm starting a boutique hedge fund. Anyhow, my mother told a certain big wig in the fund management industry...we're talking the Warren Buffet of Canada, you can probably figure it out. Anyhow, without even hearing about my fund, he said I'm greedy and have no morals, and that I should work in...

Long BX and GS, short everything else... why? they'll make money on everyone else's distressed debt. BX and GS actually hire smart people. The other banks are archaic old boy's clubs with MBA retards, a la George W. I think the best indicator is this: your bank hires a lot of PhD's, it's...

why aren't markets crashing on bad news? non linear dynamics and chaos theory...

uh, not that brave. Getting through high school, that was brave. But this should have nothing to do with me. I simply meant to put things in persective; some things in life are truly immutable...a trading loss is not one of them.

I'm very sorry to hear about this. Not to digress too far, but I disagree that money is the barometer of happiness/social acceptance. I have a lot of financial back up in my life, as my Dad has his own management consultancy, and I'm inheriting a bunch of money, AND I have a good...

Yeah, I made 65 pts. on FDG...32 on SSL I'm scaling back oil stock exposure, cuz the ETFs have lifted the whole sector already... LNG and coal to LNG are good secondary plays...still some value out there, and if micro econ 101 is any indicator, coal and NG should become compelling...

I put in 300k/year, my household's annual income, and it says that puts you in the top .001% of the world (not a typo, check). It says only 107,000 people are richer. That's impossible. London and New York alone have more than 107,000 people making 300k/year.

my Indian friend lives in a household with an annual income of 50k year, and they are Brahman class, i.e. the richest caste. They also have inherited land/wealth/govt. perks....but still, it shows you the effect of purchasing power. 50k/year in any major North American city is borderline...

you're wrong. No debate. My P&L says your wrong. I went long FDG, SQM, and PBR and short CAL, PMI, and ABK....not giving my money back, either. Oil will dip at some point, and I'm scaling back my exposure. Oil Service stocks overreact to changes in futures. But long term I'm LONG. Congress...

To the OP: you sound really uneducated about basic statistics/probability. How about you take a couple courses at your local community college?