Althucher guesses: trend funds to disappear within the next 10 years...

[NOISY]

Quote from NTB:

Both Soros and Kovner are trend followers.

I don't know if I should even mire both of those big names amongst the inferior ranks of JWH and Dunn in the same sentence!

 

[NOISY]

Quote from Maverick74:

Easy there. OK, not a billionaire, but worth $840 million. Not a bad chunk of change. And that is after the debacle he had last year. So I'm sure he was over a billion at one point last year.

http://www.bostonmagazine.com/articles/the_50_wealthiest_bostonians


John W. Henry
56, Brookline and Boca Raton, FL; principal owner, New England Sports Ventures; founder and chair, John W. Henry & Company
$840 million
After leading the group that bought the Red Sox in 2002 for $700 million—more than twice the highest previous price for a sports team—Henry has become our most famous snowbird. Sure, his $3.1 billion investment firm’s funds reportedly lost $400 million in December alone, capping off its worst year ever. But Henry can spend the off-season in comfort on his $6.5 million Florida estate. During baseball season he docks his $34 million, 164-foot yacht, the Iroquois, at Rowes Wharf. And when he asks his guests to remove their shoes to protect the teak deck, he gives them red socks to wear.

JWH definitely knows how to have a good time with hefty management fees while incurring painful drawdowns.

 

[Maverick74]

Quote from NOISY:

JWH definitely knows how to have a good time with hefty management fees while incurring painful drawdowns.

Are u good enough to make $840 million in management fees?

 

[marketsurfer]

Quote from Maverick74:

Are u good enough to make $840 million in management fees?

perception is often greater than reality for fee paying clients......

 

[psytrade]

When I used to race mountain bikes seriously, it was a 2-3 hour a day commitment. I raced for years moving up the ranks to elite. When I got there I realized there was a whole level beyond where I was at. I didnt go around pretending I was bigger or better than rider XYZ, a 5 lap race will sort out egos really fast.
You definitely learned to respect your elders, the ones that have been around before you, and may be around after you.

You either had the ability and talent, and did the training, or you didn't. There was no online chatroom or forum where you could post your opinions about how much everyone else sucked.

Unfortunately, we have ET to do that. The only way to sort out egos in trading is P/L. Respect your elders.

 

[Thunderdog]

Quote from NOISY:

John Henry is a rich guy, but definitely not a billionaire. In fact, I don't know of any famous trend follower who is a billionaire. Trend following will never produce the likes of Soros, Simmons, Kovner, etc.

I see. So, anyone who is not a billionaire is not worthy of your attention or consideration. On the plus side, I suppose it must be comforting to have such clearly delineated criteria to live by.

 

[Thunderdog]

Quote from marketsurfer:

perception is often greater than reality for fee paying clients......

You make that assertion with an undeniable sense of authority on the subject matter. No doubt, the principle has served you well.

 

[Kensho]

Quote from psytrade:

The only way to sort out egos in trading is P/L. Respect your elders.

Amen to that.

 

[NOISY]

Quote from Thunderdog:

I see. So, anyone who is not a billionaire is not worthy of your attention or consideration. On the plus side, I suppose it must be comforting to have such clearly delineated criteria to live by.

If you want to be a smart ass with me, then you've just accomplished just that.

 

[marketsurfer]

Quote from Thunderdog:

You make that assertion with an undeniable sense of authority on the subject matter. No doubt, the principle has served you well.

i suggest speaking with J*H's investors to determine how they have done investing with him. particullarly, new investors in the last several years.

surf