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Hedge Fund Book
- Thread starter TimothySykes
- Start date
Quote from marketsurfer:
exactly. people throw these household names around like steve c or eddie l fact is ...what they do is so far removed from the retail trader or start up hedge fundee its ridiculous to even mention them. tim on the other hand has tons to offer the retail guy and start up hedge fundee since he did it and that's a fact jack.
surf
I think you're confusing the likes of Lampert with DE Shaw or Simons at RenTech. Lampert is a macro and PE guy; Barakett is an activist, etc... Cohen made his best returns trading discretionary with long gamma. None of the latter require supercomputers to trade.
Quote from atticus:
I think you're confusing the likes of Lampert with DE Shaw or Simons at RenTech. Lampert is a macro and PE guy; Barakett is an activist, etc... Cohen made his best returns trading discretionary with long gamma. None of the latter require supercomputers to trade.
no confusion here. do you really believe these guys would/could have reached their levels using only the tools/information available to the retail/ small fundee??
surf
Quote from Maverick1:
Surf,
How is it so far removed? You think Cohen doesn't put his pants on one leg at a time? Or are you mainly referring to the resources he has at his disposal?
certainly im not comparing human traits--- where, of course we are all very similar---
im talking about what seperates cohen and the other monsters from the small guys--- resources, INFORMATION, access-- it feeds on itself--making the beast bigger, faster, stronger--usually.
surf
Quote from atticus:
Buffett doesn't trade by computer; doesn't have one on his desk.
ok. you don't think he has access to the best information sources? I'm not talking about computer power......however- buffett is a product of his time and is a dinosaur. if he was just starting out today....i don't think he would survive.... certainly not reach his level.
off to the lake. have a good weekend!
Quote from atticus:
I think you're confusing the likes of Lampert with DE Shaw or Simons at RenTech. Lampert is a macro and PE guy; Barakett is an activist, etc... Cohen made his best returns trading discretionary with long gamma. None of the latter require supercomputers to trade.
I'd love to hear how all those guys make their money, but I think Tim's experiences are more helpful to startup hedge fundees and traders. I for one can't wait til October
Tim throw us a few advanced copies!!
Quote from atticus:
Buffett doesn't trade by computer; doesn't have one on his desk.
buffett lol
he doesnt trade anything,
just buys up companies and tons of stock and turns the company around, then onto the next
like surfer said, him starting now, would be nothing. he started in the american industrial revolution, not now where its ... the ipod/iphone revolution heh