Quote from mrmarket:
400% per year...what other money manager makes that much?? I am HUGE!!!
Lots of people do better than 400%.
I posted your strategy and it's potential.
You are not operating at your potential in any way whatsoever.
What I am doing is simply getting the record on the table.
So far everytime your money streams fill up with losers, you have retarted.
Even more frequently you are shut down by those who offer you bandwidth because you mess with their rules and complaints cause them to shut you down.
There are several benefits of your posts. I rank them in order of importance.
1. Your FA is redundant and inefficient. There are many superior and convenient alternatives that are more productive. you are using passe techniques that others can observe in a manner to be able decide to not use them personally. When we get to evaluating your stuff in detail this will b pointed out.
2. You strategic non timing approach is a seriously lagging acrchaic approach. Three years of anything and going for the last 15% of long term trends is simplistic and high risk.
3. Not using money management is an extreme position to take. No stops (either in time nor price loss). Targeting a 4 to 6 week hold to make 15%.
4. Social orientaion. You penalize your family more than any other single participant I have ever seen in the financial industry. Adding up to 15 streams of capital in less than 3 years is unconscionable. Especially as a means oif sustaining a failing 4 to 6 week artificial hold strategy. In terms of Franco Modigliani's Life Cycle Hypothesis (1985 Nobel prize) you do not practice risk or family dissruption prevention in any visible way whatsoever.
5. Your portfolio has to be retstarted periodically.
6. Running 15 streams of capital and having to do roll overs every 4 to 6 weeks is an untennable application of effort as defined by your criteria. you will simply fail to roll over each stream 10 times per year. This is a profound example of a person taking on more than he can chew. No approach should be made unwieldy and doomed from the get go. You need to produce 150 picks a year running 15 streams of capital. This is an excellent example of what not to do with personal time, personal money and past personal investment of effort to get to one's station in life.
In summary, you make the best example I know of regarding a totally messed up family investment strategy. I have been in a lot of classrooms and lecture halls of most MBA schools in the US. I still have my old Grad Faculty ID card from Penn. At this point I just cannot imagine a person of your stature that could have sat through any one of my presentations. I just can't imagine someone like you on the loose on any campus for that matter.
Here in ET you are a profound example to all members of what can go wrong in a contemporary American family. Investing is a responsibility to others that requires the best effort possible. The utilization of capital in a free enterprise system is what basically assures the quality of life of all citizens.
Exporting family capital (from 2 to 15 streams in a couple of years) into an ill conceived strategy that lacks money management and risk minimization at the most basic levels is not simply sophomoric ego gratification, it is an example of moral bankrupcy. Everyone needs to be aware of this travesty to be able to avoid it.
Neener neener...nana nana boo boo... you go first! LMAO!