George Soros Track Record

Quote from makloda:

(1)The key is the long period. You will find it incredibly difficult to deliver constant high returns without big downside volatility over a long period (say 10-20 years).

(2)Also don't forget Soros' 20% over 20 years is net of fees. Internally, his trades generated closer to 25% annually.
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(1)Sure I expect large drawdowns it's unavoidable unless you are Madoff.

(2)
This where I see you traders and active investors as complete lunatics.
I'm also talking net of fees too when the time comes.
The only returns that matter to the customer are the one's they get to keep.
A rational person does not give a rats ass what the underlying returns were, he cares about his own return. Now of course if this rational person also knew about the risk/reward relationship he'd be outraged if he were not getting the vast percentage of gains because he sure should know he's going to get 100% of the losses plus fees.
 
Quote from Index piker:

I find it kinda interesting that the bar is set so low (20.3% for 22 yrs) for "earning ... a spot among the most successful speculators ".

Ill have to keep those stats in mind in my "take the Index Piker challenge" because it's a rate of return that certainly appears within reach for me to achieve in a 10 yr period.
Although My goal of annualized returns is 15% or greater: 20.3% appears high but within plausible range.
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Yeah but your not trading on 10 billion dollars. Try and do what soros did on 10 billion and tell me how successful you are
 
Quote from lasner:

Yeah but your not trading on 10 billion dollars. Try and do what soros did on 10 billion and tell me how successful you are
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Too funny so you basically are saying soros has a big handicap against him because of his size under mgmt.

Once again I as an investor only care about my net returns and increasing the odds of success, so sue me for not going with someone who is handicapped from the get go.


Btw: Your argument is another nail in the coffin for the wisdom of the avg hedge fund investor. But of course we all know a large percentage of money exhibits lemming like behavior anyway, right?

Fantastic initial returns generate lots of anxious new money only to suffer poor results . It's an endless cycle and the hedge fund managers get rich off of the mark's gullibility of easy riches.
 
Quote from Index piker:

Your argument is another nail in the coffin for the wisdom of the avg hedge fund investor[..]It's an endless cycle and the hedge fund managers get rich off of the mark's gullibility of easy riches.
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How many hedge fund investors do you know personally? What do you know about their motives, other than that they're gullible dumb sheep and how much smarter you are?

Quote from Index piker:
A rational person does not give a rats ass what the underlying returns were, he cares about his own return.
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We were talking about Soros' track record weren't we. I argued that Soros' track record is amazing, given his internal rate of return.

When you reach a 25% annualized rate of return over 10 years (=830% total return) you may start belittling Soros. But right now you're just making a fool out of yourself.
 
Quote from Index piker:

So now I have ground your answers down from:


to:



and finally it's just boils down to:



That's just hilarious and really searching for the needle in a haystack to justify the lousy record of hedge funds.
1) Endowments have basically an infinite time horizon, which is very different than most hedge fund customers. I'll grant you that some ultra rich families possess the same horizon.

2) HARVARD AND YALE pay whole teams of researchers millions as a full time job to find alternate assets that fit their portfolio.
a)very few people or groups can afford to take due diligence to such a level and even less so ,skillfully. The rarity of finding a swenson so that you can find a soros is astronomical . Due diligence of this level is like comparing a bottle rocket to the Challenger. The average hedge fund customer is a mark albeit a rich one.

b)Even with all this exceptional situation, infinite horizon best due diligence teams and research money can buy and guess what: They are STILL stuck with large losses in any one particular year. It's just the nature of the beast and it's a story of risk .
If you want higher returns you pay for in it in volatility no exceptions.

I'll say it again in case you folks missed it.
The average hedge fund customer is a mark albeit a rich one.
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My God what a pathetic clown you are.

Does it make you feel better about yourself telling yourself how dumb all those rich people are?
 
Quote from makloda:

How many hedge fund investors do you know? What do you know about their motives, other than that they're gullible dumb sheep?
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That's irrelevant. I've already explored the salient attributes of hedge fund investing in general.

When one explores the salient aspects of Russian roulette, one does not need to know any who have played it to determine it's a rather stupid game.

I'm sure you will keep grasping at straws to justify your drowning positions.
 
Quote from makloda:



We were talking about Soros' track record weren't we. I argued that Soros' track record is amazing, given his internal rate of return.

When you reach a 25% annualized rate of return over 10 years (=830% total return) you may start belittling Soros. But right now you're just making a fool out of yourself.
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You don't seem to realize you are making my point for me do you?

Yeah soros's track record is phenomenal in getting a high internal rate of return and delivering a lousy portion to his customers .


$10,000 at 20.3% for 22 yrs=$583,235

$10,000 at 25% for 22 yrs = $1,355,252

Do the math who was the sucker here?

It was not Soros.
 
Quote from makloda:

So why comment on their motives when you admit you don't know anything about them?
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I'm sorry all I hear is: "gurgle gurgle gasp" as you slip below the surface.
 
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