Mikey Boy - re: hedge funds...
<< I dont understand how hedge funds operate ?>>
What ?
They get paid 20% of the profits normally - I never said anything about their compensation - I dont get your point ?
My point was not how hedge funds operate, or get compensated. They certainly ARE incentivized on performance as well as the ususal 20% rake on profits - obviously no profits - no rake. My point was that they have to compete AGAINST the funds who are compensated on chasing the bubble - I think you really understood my point as well.
Robertson, Soros & Buffet refuse to invest OPM recklessly and to chase those competitors WHO ARE incentivized on chasing the bubble - I stand by my Kudo's for them having some principles and ethics in setting aside their ego's and in sticking to their guns, even if it means shutting down their funds.
...PS "Q" (my favorite Chihuahua) - glad to hear you didnt know diddly about hedge funds and found so much knowledge in Mikey's post (ROFLMAO!) - considering how often they seemed to be chasing your personal holdings a few months ago when that nasty ole broker sold your over -margined ass out !
Hedge Funds compete for public money - albeit, ususally significant miminum entries of $1 M+. But - they sure as hell do compete against institutional mutual funds and the public returns of those funds.
Robetson, Soros have both commeneted on the pressure from index funds, let alone the high flying internet fund returns.
Cramer speaks all the time about how hedge funds must compete against the mutual funds.
Obviously Hedge funds by design, can short & leverage to degree's that the vanilla wrapped Mutual can not.
But, Mike - none of that is what we are discussing here. We were not discussing how mutual funds work, how they get paid... we were discussing the nature of the BUBBLE - that is the point.
Who wants to hand their money over to Soros, Robertson, or Cramer - knowing its going to cost you 20% of the profits and look at their conservative returns in comparison to the index funds (which received the bubble effect from tech as well) let alone the individual speciality funds ?
I certainly DO understand about how hedge funds operate and more importantly than what I think; is what these guys said themselves !
What is there to debate Mikey ? re:
<< Both Robertson and Soros have huge egos. So it is expected they would blame an "irrational" market, rather than their own mistakes.>>
All I did was to agree with Soros, Robertson & Buffet !
What's the arguement with me ? - obviously you got your ass crushed in the tech blow off in Bubbleonia - and anyone who expresses their opinion on Bubbleonia is raising your angst level ?
Your fight is not with me - its with Soros, Robertson & Buffet - I just happen to have quoted them & agreed with them.
Soros sold out the NAZ - adding to its blow off - not me ?
... all I did was to calmly waltz in and cherry pick the remains & easy pickings from the cold carcasses such as yours ?
Yes; Tiger did have huge defection and bonuses in a world where you invest OPM as if it is your own - surely cant compete with Bubbleonia !
Your twist of their blaming irrational markets instead of their performance defeats your entire position...
All I am doing is agreeing with Soros - of course you can't have a Magelleanesque size fund and compete with the "Net-Net" fund - that is my entire point !
PS - who has the ego - Soros & Robertson seem to have the track record to deserve it - who are you to question it ?
... and mwah ? Well , I'll just let my entry on the April blow offs and selling into the rallies and walking away now - speak for itself...
How you enjoying the bones... slim pickings to find any meat left there Mikey boy... |
