Gangs are losers who bully winners.
You're an idiot.
George Soros Is Pulling All Of His Money From Bill Ackman's Hedge Fund
- Thread starter Banjo
- Start date
Gangs are losers who bully winners.
You're an idiot.
Soros is only moving money to put ackman's position against him by pulling his funds and making ackman's cover to send his position higher and make Ackman's lose money.
It's a perfect insider trade but legal.
Sports produces leaders. And I prefer everyone to know that there is a direct correlation with IQ and Income and that would be way too brutally honest if you heard the lecture I have as to why. We have equal opportunity so if someone is poor it may be a temporary setback for the genius but a state of mind for those unable to be intelligent and not have to live like paupers bc they are stupid in the sense that they don't know how to prosper in the most opportunistic country the world has ever seen.
George Soros used Victor Niederhoffer to manage some of his money, he had one of the best track records as a Hedge Fund and lost his Mojo! When I read Victor's book "The Education of a Speculator", he gave off the vibes of arrogance but he was fun to read.
"Practical Speculation" was written after Victor blew up in the Asian Contagion and betted wrongly against the Fed if I am correct. He said someone sent him "four copies of "Tuesday's With Morry" to help him not kill himself!"" I don't remember if LTCM was unfolding during Victor's meltdown. Victor has learned three times that managing money once your Mojo is gone, is a bit hard because your psyche get's crushed after a blowing up! Is he a relic of the past or still valid in your eyes? Will Ackman get slammed and Soros and Ichan take all his chips?
Has Ackman been trading HLF and selling Puts along the way to cover his behind? I wonder if Ackman has a strategy that has brought his average cost down along the way, he was fighting for his life before the Agency Ratings and Banking crash, he seems to have something up his sleeve all the time. Ackman made Ichan angry over some fees with a stock, he is a sharp man to contend with but it looks like he has some angry Big Swinging Richards trying to bring him down.
Vic's blog site has insights Bill Ackman could use.
http://www.dailyspeculations.com/wordpress/
"Practical Speculation" was written after Victor blew up in the Asian Contagion and betted wrongly against the Fed if I am correct. He said someone sent him "four copies of "Tuesday's With Morry" to help him not kill himself!"" I don't remember if LTCM was unfolding during Victor's meltdown. Victor has learned three times that managing money once your Mojo is gone, is a bit hard because your psyche get's crushed after a blowing up! Is he a relic of the past or still valid in your eyes? Will Ackman get slammed and Soros and Ichan take all his chips?
Has Ackman been trading HLF and selling Puts along the way to cover his behind? I wonder if Ackman has a strategy that has brought his average cost down along the way, he was fighting for his life before the Agency Ratings and Banking crash, he seems to have something up his sleeve all the time. Ackman made Ichan angry over some fees with a stock, he is a sharp man to contend with but it looks like he has some angry Big Swinging Richards trying to bring him down.
Vic's blog site has insights Bill Ackman could use.
http://www.dailyspeculations.com/wordpress/
The typical U.S. neighborhood rat-race must have completely brainwashed your mind. There are countless, countless minds, no, many of the absolutely brightest minds in history, who also lived in an equal-opportunity environment and yet lived and died either dirt-poor or with what can be considered very moderate wealth. When I use the term "bright mind" then I mean someone who is gifted with an exceptionally high IQ and talents which enabled him/her to excel at something extraordinary to put him at the top of his peers in terms of skill.
What you are missing is the fact that many of the most intelligent, become wiser earlier than most others and do realize that monetary wealth only ensures a base level of happiness and sense of security. The larger part of happiness is achieved through different pursuits in life which most all the time run counter the path that someone must chose who has set his mind on wanting to maximize his savings account.
Think for a second about it and I believe you will see what nonsense you just said.
What you are missing is the fact that many of the most intelligent, become wiser earlier than most others and do realize that monetary wealth only ensures a base level of happiness and sense of security. The larger part of happiness is achieved through different pursuits in life which most all the time run counter the path that someone must chose who has set his mind on wanting to maximize his savings account.
Think for a second about it and I believe you will see what nonsense you just said.
Insider trading is illegal. What Soros did was smart and legal in all respects. And you are also wrong to imply that he's been indicted by the DOJ and the SEC. He hasn't!
In 2005 he was, wrongly in my personal opinion, convicted of insider trading by a French court in conjunction with his purchase, many years ago!, of a position in Société Générale.
Here, from Wiki, are the full details for your edification:
"In 1988, Soros was interested in purchasing shares in French companies. The Socialist party had lost its majority of seats in the Assembly, and the new government under Jacques Chirac had instituted an aggressive privatization program. Many people considered shares in the newly privatized companies undervalued. During this period, a French financier named Georges Pébereau contacted one of Soros' advisors in an effort to assemble a group of investors to purchase a large amount of shares in Société Générale, a leading French bank that was part of the program.
The advisor reported to Soros that Pébereau's plan was ambiguous and included an implausible takeover plan, which later failed. On that advice, and without ever having met the financier, Soros decided against participating.[37] He did, however, move forward with his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas and the Compagnie Générale d'Ãlectricité.
In 1989, the Commission des Opérations de Bourse (the French stock exchange regulatory authority) conducted an investigation of whether Soros' transaction in Société Générale should be considered insider trading. Soros had received no information from the Société Générale, and had no insider knowledge of the business, but he did possess knowledge that a group of investors was planning a takeover attempt. The COB concluded that the statutes, regulations and case law relating to insider trading did not clearly establish that a crime had occurred, and that no charges should be brought against Soros.[38]
Several years later, a Paris-based prosecutor reopened the case against Soros and two other French businessmen, disregarding the COB's findings. This resulted in Soros' 2005 conviction for insider trading by the Court of Appeals (he was the only one of the three to receive a conviction). The French Supreme Court confirmed the conviction on June 14, 2006, but reduced the penalty to the minimum.[39]
Punitive damages were not sought because of the delay in bringing the case to trial. Soros denied any wrongdoing, saying news of the takeover was public knowledge[40] and it was documented that his intent to acquire shares of the company predated his own awareness of the takeover.[39]
His insider trading conviction was upheld by the highest court in France on June 14, 2006.[39] In December 2006, he appealed to the European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[41] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be punished for an act that was not a criminal offense at the time that it was committed, the Court agreed to hear the appeal.[42] In October 2011, the court rejected his appeal in a 4â3 decision, saying that Soros had been aware of the risk of breaking insider trading laws."
Ackman publicized his short position on HLF to get an edge.
Soros & more prominently Carl I oppose his position.
Battle of the Heavyweights. Score card has Carl up on points.
Soros & more prominently Carl I oppose his position.
Battle of the Heavyweights. Score card has Carl up on points.
Quote from piezoe:
Maybe your memory needs to be jogged
"Oh he'll never be indicted by doj and sec ever... Never mind he's had this happen before" -- Quote from bwolinsky
France is not the DOJ or SEC. It's your memory that needs to be jogged. I'll go rollerblade now and hopefully there won't be any international incidents related to both sides pronouncements of imminent terrorist activity afoot.
I'm saying, the irony of having a large position while being invested in the exact opposite position someone else made for you could be considered insider trading, because he can force Ackman to buy to redeem what is probably hundreds of millions of dollars possibly in the position.
