Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: rrufff who wrote (92274)	8/18/2005 8:01:13 PM
From: Kevin Podsiadlik	Read Replies (2) of 122087

Look back a few 100 posts and you will see that results after fees have not enriched investors significantly more than mutual funds, nor of the proverbial dart thrower. Yes, I saw that article. Perhaps you would do to run the actual numbers on it. Taking that "pathetic" 1.92% gain for the month of July, annualizing it and then lopping off 2 percentage points for overhead, and then 20% of the profits for the manager's fee, and I come to the equivalent of an annual return of 18.9%. So yeah, I can see why hedge fund investors might be up in arms. Doesn't every mutual fund give those kinds of returns? And who CAN'T generate 19% a year by throwing darts? Oh, there I go being a "hedgie defender" again. How dare I bring arithmetic into this discussion! the issues brought up by Byrne and others are serious, not to be dismissed as opinions merely of a kook or a crook. Then they need to find an advocate who doesn't act like one. Such rotten luck this movement has with its spokespersons, eh?

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