hedge fund wannabees

Quote from dotslashfuture:

yeah, when the indexes are down 30% and your fund is down 25% you tell your clients you did extremely well because you beat the indexes, even though they would have been better off in a savings account !
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Yeah. That's called "outstanding relative performance".

Relatively, you didn't lose as much of your ass as everyone else.
 
Quote from ktm:



I think I'm right. Gotham Capital Partners is the one in trouble and they are associated with VIC. I am a VIC member and a few guys who were Gotham insiders had posted the controversial short thesis statements on the site. A few days after the Times article broke, the statements were removed. That was the first time ANY statements had ever been removed from the site. A few weeks later, Gotham was returning money.

Joel Greenblatt from Columbia B School is a partner at Gotham and it was widely known that he runs VIC.

I don't think necessarily that VIC has done anything wrong, just that those guys should not have posted the statements in the way they did. There was talk they had sent them to the media as well, including Jim Cramer. This was promoted as a private site for those who had skills with fundamental equity evaluations, and should not be a conduit for manipulation.
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I am a member too. (what's your nick). I saw those posts before. I think VIC pulled them b/c they were embarassed to have aided thow who were trying to pump stocks. You may be right, but I remember Doug Kass saying something to the effect that people were knocking on VIC when they shouldn't have b/c they were different Gothams. Can anyone else clarify?
 
William Ackman used to post under bill204 (I think). Now that I look back at some of my notes, you might be right. Ackman was most certainly bill204 and I think most of the pulled posts were from him. I think his firm was "Gotham Partners Management Co" and a guy named Berkowitz? was his partner. I thought Joel's firm is called "Gotham Capital Partners".

That's part of the problem when these guys get bigger - spinoff names that are too common and cause confusion amongst the little people. I thought I knew...maybe I don't.
 
Yeah

Took me like 6 months to get in. My pick (DDN) got turned down when it was first submitted at about 2.6. Took the stock doubling before they'd let me redo it and admit me.

I am very greatful that they let me in however. It is an amazing site.

I know that there are not many slots left. I recommend submitting an idea before they fill the last few slots.
 
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