Tips

[Lucrum]

Quote from runningman:

republicans are only capable of communicating using pithy stories, name calling, and bumper stickers. They generally lack intellectual curiosity...

Kinda like this garbage?

http://shop.cafepress.com/anti-republican?cmp=KAC-G-PO-Anti-Rep

http://whitehousegiftshop.org/

http://irregulartimes.com/santirep.html

http://irregulartimes.com/eprepublican.html

http://irregulartimes.com/liberallawnsigns.html

http://irregularnews.com/antirepublicanbumperstickers.html

Some of it is mildly entertaining.
But it's hardly intellectual now is it?

 

[BlindLemonBoosh]

Brandonf:
What fee structure does your hedge fund employ when you trade OPM?

 

[Brandonf]

Quote from BlindLemonBoosh:

Brandonf:
What fee structure does your hedge fund employ when you trade OPM?

I stopped trading OPM for the most part about 2 years ago when I got sick.

 

[bigarrow]

Quote from Brandonf:

It's an email that's going out that a million people have probably gotten by now.

OK, I didn't get it, I delete 99.999% of junk email. I'm not up to date on the rumors of either candidate.

 

[BlindLemonBoosh]

Quote from Brandonf:

I stopped trading OPM for the most part about 2 years ago when I got sick.

OK, let's change the verb tense of the question.
Brandonf:
What fee structure did your hedge fund employ when you traded OPM?

 

[Brandonf]

Quote from BlindLemonBoosh:

OK, let's change the verb tense of the question.
Brandonf:
What fee structure did your hedge fund employ when you traded OPM?

0 for managment and 15% of gains.

 

[BlindLemonBoosh]

Quote from Brandonf:

0 for managment and 15% of gains.

So, you spread 15% of your clients' new found wealth to yourself? I find it curious that, given your aversion to "spreading the wealth", your management fee wasn't a fixed percentage. Under your agreement, the more they made, the more you confiscated. Did your prospectus also state that you would reimburse 15% of any incurred losses to your investors?

 

[Fractals 'R Us]

The spread the wealth thingy, that's the good news from socialism, the bad news is the first step of massive theft from productive people, Obama is going to do that by repealing the Bush tax cuts, what a great guy.... a huge thieving socialist but nonetheless a great guy somehow..

 

[Brandonf]

Quote from BlindLemonBoosh:

So, you spread 15% of your clients' new found wealth to yourself? I find it curious that, given your aversion to "spreading the wealth", your management fee wasn't a fixed percentage. Under your agreement, the more they made, the more you confiscated. Did your prospectus also state that you would reimburse 15% of any incurred losses to your investors?

I made the money for them. Had I not had the money they would not have made any. Your thinking is a little flawed. I've also said a number of times that bringing the top rate from 36 to 39% on income above 250K is not a big deal. What is a big deal is that over the last few days Biden and Obama have been talking about figures of 150K, 200K, 175K...so I have very little faith that 250K is the real number they will use. The country is in an obvious economic hardship right now though, and raising money to pay down debt is needed. I don't have a problem with that. I do have a problem with them raising taxes and creating new programs, although I must admit that's better than lowering taxes and then still creating more programs.

 

[Brandonf]

Quote from BlindLemonBoosh:

Did your prospectus also state that you would reimburse 15% of any incurred losses to your investors?

Of course not, and neither does that of any other manager. We all workd with a high water mark, and so we are only paid on new profits created. That was never much of an issue for me as I only had one down year, which was in the low single digits (2002). I did not get paid that year and I had to make up what I'd lost in 2003 before I got paid on the new gains.