10yrs trading, 30%+ p.a. and only $40M?

[BlueHorseshoe]

Quote from BlueHorseshoe:

Walter J. Schloss Partnership returns:

1974 -6.2%
1975 52.2%
1976 39.2%
1977 34.4%
1978 48.8%
1979 39.7%
1980 31.1%
1981 24.5%
1982 32.1%
1983 51.2%

He did an interview in Feb 2008 - the video is available on the internet somewhere. (It's a great interview, for anyone who finds it.) He doesn't own a computer - searches for stocks out of books published by ValueLine. My impression is that he never managed a terrible amount of money - never branched beyond managing his and a few friends' money. Could be mistaken on that last point.

Walter doesn't have a college education. He's never visited ET. But he sat next to Buffett when they both worked for Ben Graham.

*I've lifted these figures from a talk by Buffett given in early 1984. Hence, figures are not updated.

Here's an interview of Schloss in Forbes:

http://www.forbes.com/forbes/2008/0211/048.html

Here's a video interview he did in Jan '08:

http://vinvesting.com/walter-schloss-talks-investing

 

[talknet]

Quote from marklucas:

I know a fund that has been trading for 10yrs, returning +30% per year, and yet, only has $40M AUM...? What could be stopping these guys from raising serious cash?

Sometimes even my Swiss forex Broker/Manager loses investors because many investors want profit of 100% p.a. for many years. 100% profit p.a is possible & even achieved but there is no guarantee/assurance for it. These people get greedy and forget the Basic principle that long-term High profits is difficult but not impossible.

He has for past 8 years paid average profit of +34% p.a. (without compounded interest). January 2008 to November 2008 profit is +155%. He trades with Maximum risk of 5% per new trade (conservative risk structure) and has 30 years of experience in forex. That's a great achievement.

 

[MTE]

Quote from marklucas:

I know a fund that has been trading for 10yrs, returning +30% per year, and yet, only has $40M AUM...? What could be stopping these guys from raising serious cash?

If the strategy/fund is legit then it could simply be a scalability issue.

 

[good one]

Or its mostly his friends and familys money and doesn't want to deal with the bullshit outside that.
Its pretty ammusing though, "only 40 million AUM"...as if the guy is living in the poor house.
Typical delusional ET guy or spoiled street brat.

 

[marklucas]

$40M after 10yrs is not much, given admin, audit and legal fees, not to mention there are a few ppl that draw a salary... Yes its a living, I'm sure.

 

[robbie380]

Quote from marklucas:

$40M after 10yrs is not much, given admin, audit and legal fees, not to mention there are a few ppl that draw a salary... Yes its a living, I'm sure.

so you think you can do that pretty easily?