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I want to also know what average combined ratios are... stuff like that.

I just want something very general on the insurance industry. How float and underwriting and reserving work. Just so I can understand the balance sheets. I'm not looking to spot frauds.

Can anyone here recommend a good book on the insurance industry, how insurance companies work, and how to read their financial statements, understand the key ratios, and look for potential misstatements and frauds. I am completely new to understanding them, but I want to learn. I looked on...

How do you get to miami, plane or boat, that it's so fast?

great article

Ohh, and last week was just about my worst one in months. I had a 20% drawdown from late Tuesday to Thursday's close. OMG (or Ohh My God, this f*ckin' POS stock won't stop dropping all the way from 60 without a bounce, what type of Bullsh*t is this for a GNP) or Ohh My God, THC dropped 30%...

Ohh, trust me, I hear ya. I agree, 15%, I can do that with my eyes closed. I also hear ya on risks, but people who invest with me want risk. They'll take the occasional 15-20% hit in a month, if they'll get near 100% returns. Aaron, I assume it's the same for your investors. Besides, many of...

I looked at that list of funds from that link back a page or so. Why come only one fund is up on an annualized basis more than 60%. Why come only 3 are up over 40% on an annualized basis. Just a standard bell curve should give at least a few more who are up 40%. BTW: why advertise if you're up...

Who cares, how much he charges, if you deduct all fees, he's in the top 5% of performance in the world, and that's after a 50% haircut. I wouldn't complain if I were in his fund. Would you? As per Buffett, while he did charge 25%, he didn't charge anything for the first 6%. So you were...

I gotta thank Dustin on this one. He saved me about 25k by getting me to sell half in the low 30's on island before the halt. Go figure, even with that -57k day on the 31'st, I'm still somehow up on this month.

I'll one up you BRO, I lost $42,358. I figured a small 7k position was fine. Damn thing dropped 4 pts on 2 prints, then halts down to 28. What a f*cker. This game is rigged. No one can claim that the 7m seller (who saved his ass 50m) didn't know ahead of time.

http://www.lionshares.com

You imagine that, or it happens?

I guess, I only heard the small details. This is too crazy. I guess, this gives us something to shoot for... LOL. Imagine having 2 porn stars come over during lunch hour.....

I've heard about this one. It's hilarious.

Think about it though. That isn't a large portion of the population, but assuming that you aren't typing this at the library, just the fact that you're using a computer probably means that either you're accredited, or many people whom you know are accredited. In fact, most people who are...

It couldn't be complete unless you had an Harvey Pitt there to make sure that the craps were loaded.

I'm not concerned. The 35 non- accredited investors will be friends and family. Most of my investors will be accredited. I intend to raise the minimum contribution significantly once I get the thing up and going and profitable. Besides, a very large portion of the population is accredited...

I can do my best. That's all I can promise.

Corso- It's open to any investor with the minimum 25k investment. That 25k minimum doesn't apply to friends and family though. It is meant to be a fund for any investors, but one the the principle reasons I opened it was that I've been inundated with requests from friends and family who want me...