Funds under management dropped considerably in recent years because he consistently under performed stock indexes. I see no upside to this guy at all. Why you like him ? I just pointed out he was bearish about US stocks going into 2013. Bunch of idiots on here were too; I regularly challenged them at the time because I saw no reason for there to be a US stock market crash in 2013. Fundamentals matter some people just don't look; so does actual performance.
The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will
- Thread starter Altavest_Erik
- Start date
Funds under management dropped considerably in recent years because he consistently under performed stock indexes. I see no upside to this guy at all. Why you like him ? I just pointed out he was bearish about US stocks going into 2013. Bunch of idiots on here were too; I regularly challenged them at the time because I saw no reason for there to be a US stock market crash in 2013. Fundamentals matter some people just don't look; so does actual performance.
No like or dislike. I was just commenting that I don't think any of the ET retail peanut gallery can shake a stick at someone who is managing 70+ billion dollars and whose family foundation has over 900 million dollars in it. He is obviously doing something right. He is a value guy and his fund is not a 'short only' fund.
I see people like him to be similar to Sir John Templeton (rip) or Buffet for that matter, been around, seen it all multiple times, and wait for it to happen again to profit from it. Definitely an opinion worth paying attention to.
As far as redemptions go, shit, his own quarterly news letters could have caused those.
Am I a permabear? I don't think so. Do I get called a pessimist sometimes? Yes, but I consider myself a realist. I am pretty good at calling micro (intraday) tops and bottoms but suck at larger time frame tops and bottoms, but they do occur and will continue to occur.
Agree 100% on the 'bunch of idiots'.
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Well @ least Sir John+Mr Buffet helped plenty of people +did more ads; never heard of that guy. Actually AUM does not mean much, but it can mean good marketing/ads, So congrats to those that can do good marketing , not to be confused with % annual gains a @ all ,or 10 year track record Thanks.
Fidelity Funds $2.5 trillion AUM may or may not help you; but @ least they publish % gains; that article had no % gains listed. Thanks