Earn a pathetic 3.4% return, and get paid $350 million

[nazzdack]

99ATLANTIC------------- Are you dealing with institutional investors, who may have a detached attitude about fees and fund losses, or individual investors, who do feel the pain of losses and fees? Each has a different level of objectivity.

 

[MustPlayOptions]

Quote from a529612:

Might as well put the money in a bank account and earn a better return without paying any "management" fee.

If you can please provide the link to the bank that gives >30% a year for me that would be great!!

 

[MustPlayOptions]

Quote from stock777:

Frankly, if you thinks thats really possible over the long run without cheating, then I have a very fine bridge for you in Bklyn, NY


Or are you talking about Russel Simmons selling hip hop to the droopy drawers crowd? Now thats a cash cow.

I've never bought a bridge, but if you could sell bridges for 19 years the way Simons has returned 33% a year by cheating and not getting caught, then please sell me one

(Here's the link to that figure: http://nakedshorts.typepad.com/nakedshorts/2005/12/renaissances_re.html)

BTW - saying someone is cheating because you can't reproduce the results is just a sign of jealousy... I'll personally admit that I'm jealous right now btw - I wish I could do that with even 50k let alone 6B.

 

[MustPlayOptions]

Oh, and that's a 33% return AFTER the 5%/44% fees.... I.e. the average return for his fund is actually over 77% per year...

 

[TSGannGalt]

If you don't like it, then try opening up a fund on your own.

 

[Lights]

ironically, nobody in china (a communist nation) complains about potential to make hundreds of millions.

Quote from traderdragon2:

I thought CEOs were getting away with bloody murder when they negotiated their golden parachute packages, but this is just crazy

 

[Kevin Schmit]

Quote from MustPlayOptions:

Oh, and that's a 33% return AFTER the 5%/44% fees.... I.e. the average return for his fund is actually over 77% per year...

Your math is way off. The 5/44 is fairly recnet,
Medallion started off at 2/20. The 33% net
number does not include returns on failed
Rentec funds folded into Medallion. It also
includes recnet years, when Meallion could
hardly have been considered a public hedge
fund -- it has been closed to new money
since 1996 and gave back the last public
money at the end of 2005.

For the period during which Medallion was
a public hedge fund, gross returns averaged
about 45% per year. An impressive result,
but not 77% pa.

 

[traderdragon2]

Shows how spoiled and pampered and entitled americans are. Weve nearly completely lost the philosophy of our founders. So sad.

Quote from Lights:

ironically, nobody in china (a communist nation) complains about potential to make hundreds of millions.

 

[99atlantic]

Quote from Trader KGB:

Then they haven't seen your post history here on ET.

zing!

I still stick by DOW @ 196,234,523.45 by 2798

Quote from nazzdack:

99ATLANTIC------------- Are you dealing with institutional investors, who may have a detached attitude about fees and fund losses, or individual investors, who do feel the pain of losses and fees? Each has a different level of objectivity.

Both. Mayhaps I've been lucky with the individuals I've run into, but they all understand that it's impossible to win forever and you will go through drawdowns. As long as you can return 20+% on a fairly consistent basis, they're willing to grin and bear both drawdowns and fees. Especially fees since they know they can't produce these returns w/o any help.