If I did the math correctly its 60% annual return. You calculate arithmetic and not geometric means ⦠+100% and -50% equals 0 and not 25%. The return is very good but more relevant is the net gain loss. If 500% return is on 10k and -25% loss is on 2 millions then you have a net loss.
Will you buy timmay's hedge fund book?
- Thread starter ghostzapper
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If I did the math correctly its 60% annual return. You calculate arithmetic and not geometric means ⦠+100% and -50% equals 0 and not 25%. The return is very good but more relevant is the net gain loss. If 500% return is on 10k and -25% loss is on 2 millions then you have a net loss.
Good call
The return is very good but more relevant is the net gain loss. If 500% return is on 10k and -25% loss is on 2 millions then you have a failing hedge fund that no one wants to invest in.
Picking a hedge fund to invest in is pretty much like picking a stock. Timing is everything.
Briggs in his book Hedgehogging discusses this saying, that some of the successfull hedge funds after 3-4 good years experience fund withdrawals, because investors know that an almost inevitable bad performance is coming.
Statistically speaking investing in a fund with 2-3 recent bad years has a better outcome than a fund with 2-3 good years. I guess it just boils down to the number of AVERAGES.....
Look at LTCM's or VN's good 3-4 years and what came after that...
Again, timing is everything....
P.S.: I bet Briggs' book provides much more info about the American hedge fund industry than Tim's, but this is just an educated guess....
Briggs in his book Hedgehogging discusses this saying, that some of the successfull hedge funds after 3-4 good years experience fund withdrawals, because investors know that an almost inevitable bad performance is coming.
Statistically speaking investing in a fund with 2-3 recent bad years has a better outcome than a fund with 2-3 good years. I guess it just boils down to the number of AVERAGES.....
Look at LTCM's or VN's good 3-4 years and what came after that...
Again, timing is everything....
P.S.: I bet Briggs' book provides much more info about the American hedge fund industry than Tim's, but this is just an educated guess....
OMG! Tim in all seriousness, get this video out of public circulation! This is major embarrassment, no one will ever invest with you the way you talked on this clip.
Tim's favorite long pick on this video? Buy SIX (six flags) @ $6.
Today's price: $3.75
Remember, tim says in the video go "all in" and invest everything in your favorite play!
Wow, can you be any more of an idiot? My advice to go all in on SIX was for CNBC's Million Dollar Contest back in March. It was game where your losses didn't matter, you just had to pick low priced stocks with the best spike potential--much different than actual trading / investing.
Seriously man, your post takes the prize for top fact twisting--at least you're good at something.
At least I understand the basic principles of math tim.
Next time, why don't you start investing with $100, so you can say you were +5000% in your first year. Then if your subsequent years are all losing, you'll do your little twisting thing and add them geometrically, and you'll always have huge "average annual" returns!
Like I've said, I don't put much stock in looking solely at track records. I put more in lessons learned and by that measure, my last 18 months of pain have been worthwhile.
On the other hand, I do take note when somebody refuses to post their track record because it means I can't trust anything they say and yes, that means you Bobby. when you dare me to post my track record, I do and you try to change the subject, you expose yourself as a fraud. Welcome to ET, where everybody has a great track record LOL