Hedge funds keep two-thirds of profits

Stockboy said:
interesting, so your assessment is the workers/business (in this case the funds aka wall street be berry bad) should "share" more of the profit? and more of the risk? correct?

Lets imagine, if I was managing a fund, and am willing to accept your investment, why should I have to give you more of the upside? Try selling me right now.

Imagine I am competent and experienced in this business and likely dont have an issue of people looking to park their reserves somewhere for someone else to manage, and if I'm good at my trade I may be even thinking of telling you to go **** yourself from the beginning and manage your own ****ing portfolio, but lets imagine you caught me at a good time and I may be willing to hear you out...

So sell me...


lets play a little berry berry bad wall street advocate :O)
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God, you really put this one on a silver platter for me (there is NO sharing of the risk)!

Here's me selling you:

As an investor, you are simply a FREE & RISK-FREE Call Option based on the Fund's performance. NO RISK for the Fund Manager...

If I do well, I get my cut. If I lose, YOU LOSE.

My question is: can you be this stupid and naive???

PS. There is an interview in the "Market Wizards" series, that explains this quite well. You are berry, berry dumb...

And I HIGHLY doubt it you are in the delusional situation described above, where you are telling potential investors to go fuck themselves ;)
 
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ChipShotTrader said:
God, you really put this one on a silver platter for me (there is NO sharing of the risk)!

Here's me selling you:

As an investor, you are simply a FREE & RISK-FREE Call Option based on the Fund's performance. NO RISK for the Fund Manager...

If I do well, I get my cut. If I lose, YOU LOSE.

My question is: can you be this stupid and naive???

PS. There is an interview in the "Market Wizards" series, that explains this quite well. You are berry, berry dumb...
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guru said:
Not exactly but close. Losing years are acceptable if an investor manages not to look like a sucker who ended up making 10% total over 10 years (1% per year) while everyone else doubled their money by holding SPY and not using a hedge fund.
Any fees and losses need to be justified at least to a level that the investor can explain them to other people without looking like a looser and a fool who got screwed by hedge funds.
I’d want to be proud of investing in the right hedge fund, even if I paid 40% in fees (which should not be higher if things are managed properly)
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Brilliant ! and very classy if I must say, you are quite an astute gentleman but could definitely work on your reading comprehension.

You missed the ****ing point completely tho wiseguy, and have far from sold me. (your objective)

Id recommend maybe try and avoid things that involve sales/raising funds, reading, or possibly anything requiring analytical thought.

so my original thought of, "than why dont you manage your own ****ing portfolio and **** off dont bother me", still applies.

also I said lets "imagine" I never claimed to be managing a fund and have enough AUM to tell people kindly, I can no longer accept any more funds.

And hint* when you get good at managing money, finding money to manage is the easy part. Kind of like a good mechanic never has trouble finding a car needing fixing.

Telling people to kindly go **** off (of course in the nicest way possible) also may become a necessary business & social feature. Also, unless youre a sociopath there is a saying that "trading with your own money is stressful, trading with other peoples money is more stressful".

The O.P. clarified his position, but unfortunately I cant figure what the **** you are on about exactly nor do I really care, but thanks for getting me wise to one of the most widely known books about trading from 3 decades ago, cutting edge stuff man.

& if im dumb you must be a ****ing brain surgeon ****brains
 
Stockboy said:
Brilliant ! and very classy if I must say, you are quite an astute gentleman but could definitely work on your reading comprehension.

You missed the ****ing point completely tho wiseguy, and have far from sold me. (your objective)

Id recommend maybe try and avoid things that involve sales/raising funds, reading, or possibly anything requiring analytical thought.

so my original thought of, "than why dont you manage your own ****ing portfolio and **** off dont bother me", still applies.

also I said lets "imagine" I never claimed to be managing a fund and have enough AUM to tell people kindly, I can no longer accept any more funds.

And hint* when you get good at managing money, finding money to manage is the easy part. Kind of like a good mechanic never has trouble finding a car needing fixing.

Telling people to kindly go **** off (of course in the nicest way possible) also may become a necessary business & social feature. Also, unless youre a sociopath there is a saying that "trading with your own money is stressful, trading with other peoples money is more stressful".

The O.P. clarified his position, but unfortunately I cant figure what the **** you are on about exactly nor do I really care, but thanks for getting me wise to one of the most widely known books about trading from 3 decades ago, cutting edge stuff man.

& if im dumb you must be a ****ing brain surgeon ****brains
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So the word "astute" is as far as your vocabulary goes. You certainly studied for those SATs!!!

I would not call myself a brain surgeon, although I am friends with some. But smarter than you? That's a certainty...

I have to admit, I had a good laugh. This is fun!!!

PS. FREE & RISK-FREE Call Option based on the Fund's performance.

"Market Wizards" maybe old, but it's good. Expand your mind, and your vocabulary...

Better get that Thesaurus out, and some old school "Cliff Notes" ;)
 
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ChipShotTrader said:
As an investor, you are simply a FREE & RISK-FREE Call Option based on the Fund's performance. NO RISK for the Fund Manager...
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Considering that all fund managers are invested in their own funds, thats not really true. Granted, at some ratio of AUM to own funds this risk becomes small, but it is only true for selected few.
 
smallfil said:
just invest the monies yourself and follow the trend.
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Of course you are right, but rich people rarely trade. And they certainly are not going to mess with moving averages, trendlines and breakouts, assuming they even know how in the first place.
 
ChipShotTrader said:
So the word "astute" is as far as your vocabulary goes. You certainly studied for those SATs!!!

I would not call myself a brain surgeon, although I am friends with some. But smarter than you? That's a certainty...

I have to admit, I had a good laugh. This is fun!!!

PS. FREE & RISK-FREE Call Option based on the Fund's performance.

"Market Wizards" maybe old, but it's good. Expand your mind, and your vocabulary...
More...

If I had to wager, you either never grew up and watch way too many 80s wall Street movies or drank a few too many martinis.

but I have been wrong before and it's very possible you're just a ****ing doosh. But being a doosh isn't the worstest thing in world.

Takes a real doosh to see investors in his business (and him), as "free risk" rather than you know, a necessary burden in order to grow as a business or a you know a Blessing to be able to grow as a business. Or you know customers...

It may be this mentality is what attracts a lot of s***bags. maybe some feel this s***bag mentally is accepted or even encouraged.
 
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