George Soros Track Record

[Debaser82]

Quote from Pension_Admin:

I

Anyway, George Soros is indeed a great trader who is skillful with the use of leverage and has the guts to risk his profit for more gains.

Although Jim Rogers doesnt often comment on his time with Soros and advices people to stay as far away from leverage as possible he did once state the amount of risk and the leverage they used back in the seventies was mindboggling and close to suicide levels.

All or nothing.

 

[Index piker]

Quote from chipmunk:

Unbelievable. A Piker calling a multi-billionaire fund manger a loser....I've read it all.

from Index piker:

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.

Obviously you haven't read it all or you are too stupid to understand that quoted in red above.

 

[Index piker]

Luckily for you guys this is in the trading forum.

I'd hate to have to tear you guys a new one over his nutty political views and his continual attempts to influence our political landscape.

 

[Debaser82]

Quote from Index piker:

Luckily for you guys this is in the trading forum.

I'd hate to have to tear you guys a new one over his nutty political views and his continual attempts to influence our political landscape.

Did Jim Rogers split with Soros cause he didnt support the NWO?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=181108&highlight=soros

 

[makloda]

Quote from failed_trad3r:

Besides, his return might be 20-25% a year, buit that on all the money. His return for investors is 15%, and his return on management fees is also 15% probably. You guys are idolizing gross returns when all that matters is net returns.

Ridiculous. What if he charged 99% fees on profit, thus net returns would shrink to 0.2%.

Would that make his gross returns less admirable and worthy of research?

 

[failed_trad3r]

Quote from makloda:

Ridiculous. What if he charged 99% fees on profit, thus net returns would shrink to 0.2%.

Would that make his gross returns less admirable and worthy of research?

yes, because he didn't make the money himself. he needed the help of investors.

traders on this forum don't have the help of others. they have to do everything themselves. but you don't see anybody idolizing them

 

[salvador90]

Quote from Index piker:

I feel embarrassed for you salvador.

Might want to rethink that whole post.




PS. My girlfriend insists I quit picking on makloda.

sure mate...whatever you say...

 

[Index piker]

Quote from salvador90:

sure mate...whatever you say...

Geesh! I tried to give you a break.


Well don't cry when I demonstrate the glaring errors in your thinking and comprehension then.

 

[Index piker]

Quote from Index piker:

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 salvador90:

(1)So you think what they paid in comissions is more than double what they got ?

(2)I took liberty to do some math...

(3)An hedge fund going for 25% annual returns GROSS, that charges 20% annual fee translates to a net annual return of 20%.

Here's what an investor would pay Soros along the 22 years...

(4)definitely not the 6/13th's you said or so...

1) No, I clearly did not state that you only ASSumed that was what I meant in the above post.


2) Yes, you clearly took some liberty with logical thinking if you think what you showed proves my math in error.
You only proved I didn't calculate actual commissions paid, which btw I never claimed it was (1).


3) My math clearly explores the difference between 25% annual internal rate of return vs the 20.3% annual rate that the customers supposedly got at the end of the period with the same hypothetical starting amount.

What you failed to grasp and attempt to demonstrate in your pathetic math demonstration is the effect of compounding fees at his internal rate of return.

The math clearly shows Soros had the ability to make the majority of the money without any risk of his own capital during the time period, thanks to the generosity of his customer(the sucker).


4) No dumbass the 6/13ths represents the amount of total return available to the customer for his hypothetical 10k investment compared to the same amount getting the IRR of 25% annually.

You would have known that if your reading comprehension was greater than a 3rd grader.

In case you missed it before I'll restate it.

Smart money gravitates towards running hedge funds or mutual funds like DFA, whereas hedge fund customers generally play the role of sucker or mark because they are poor investments for the risk assumed.

 

[makloda]

Quote from Index piker:

hedge fund customers generally play the role of sucker or mark because they are poor investments for the risk assumed.

All hedge funds assume the same level of risk?