Quote from vox_lucidus:
thats a lie, almost all of soros' fund growth has been internaly generated...he has taken nearly no new money since the 60s....with quantum fund anyhow, with some of SFM's newer funds there has been some more recent remmitance im sure, in fact its very very hard to even get any funds into soros fund mgt organisation at all.....
and furthermore you uneducated ass...if theses private hedgefunds were trading 'family money' why in gods name would they bother to incorporate a fund??? that would be a rather redundant thing to do if you didnt intend to solicit capital externaly! why not just trade and manage the treasury for an offshoreholdings company, and not have to deal with all the bullshit regulation needlesly????wheres the logic there???
im not saying that there arent private trading pool that are very proffitable in existance, im just juxtaposing what youve said and offering the logical conclusion to those thoughts, and no there is no consitency in mkts, if there were, a bunch of quants who were far more intellegent than you wouldve long ago discovered it....the on certainty in mkts is, to paraphrase j.p. morgan'prices will continue to fluctuate'.....and the only one whos in a world of hurt is the naive idiot who thinks that there is some hidden perfect consistency....
First let me begin by apologizing. My only purpose is to force individuals to start thinking for themselves and not to just repeat what someone has repeatedly told them is accurate because they have written a book or control huge sums of money. Didn't mean to disturb your sensativity to someone making you use the old grey matter.
"thats a lie, almost all of soros' fund growth has been internaly generated...he has taken nearly no new money since the 60s....with quantum fund anyhow, with some of SFM's newer funds there has been some more recent remmitance im sure" - From it's a lie to I'm sure it happens in one sentence . . . a young politician graces the tread. My earlier response is perfect here, "if your management fees are 1/4 billion a year, who would care if the fund exceeded a 10% return.
"and furthermore you uneducated ass" - Uneducated, no not at all, not over educated would be a better description. I was taught to think for myself not to spew back what I read or was told by so called experts. You do have the ass part right though. I love irratating people who are conduits for other peoples so called facts. I challenge the status quo into proving their postions. Isn't is better to make people think than to have them follow like sheep? Exercising the brain is something we should do daily.
"if theses private hedgefunds were trading 'family money' why in gods name would they bother to incorporate a fund???" - I said private, that means not public and a hedge fund is a term designating shared money investing. It doesn't have to mean a corporate entity contoled by anyone other than themselves.
"and no there is no consitency in mkts, if there were, a bunch of quants who were far more intellegent than you wouldve long ago discovered it...." - You truly believe that and that is what makes the Market fluctuate. The difference between you and I is you (like every trader or investment individual) learned what you know of the Market from the standpoint of first what you were taught or read and then how you applied and reflected that into the movement of Market. I learned Market movement from applying strict rules of Physics and Logic to price to see what was perfectly consistent and what wasn't. I will never pursuade you to see my point of view as valid. Your heated response makes that evident. I had the ex-head quant trader for Deutsche Bank tell me I was full of crap once too, so you are in good company . . . key word . . . once. He had an open mind which is why is was their best quant trader and why he no longer works there. Common sense dictates that if a perfect system for trading existed it would go against everything everyone has ever been taught about the Market. Now how would it look it EVERYONE were wrong?
In conclusion, "on certainty in mkts is, to paraphrase j.p. morgan'prices will continue to fluctuate'.....and the only one whos in a world of hurt is the naive idiot who thinks that there is some hidden perfect consistency.... " - You have just quoted, in my opinion, one of the biggest crooks in corporate history. You have also proved my point, believe what you are told because it is safer than thinking for yourself.
