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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (161078)10/30/2008 12:12:23 AM
From: TheStockFairyRead Replies (3) of 306849
 
You know, people that are getting that bailout are really farcked and it really doesn't hurt you that it's happening as long as there isn't inflation involved.

i sat through some days of listening to asset where the average net worth of the participants was over $20,000,000. Here's my observations:

1) asset managers have a model. almost all asset managers use the same or similar models
2) when the asset manager's model blows up, everyone's portfolio blows up
3) lots of rich people with average net worths of 20,000,000 use similar asset managers with similar models
4) the top .005% of the country blows up in unison.
5) the top .005% of the country can bitch to their friends, but they are all farked in the end.
6) some rich folks don't like the standard allocations and that has saved their asses this year.
7) we are in uncharted territories currently and you are to "stay the course" because no one has any better ideas
8) wealth managers don't like hedge funds.

Also, i Know more about cds' and cdo's than I thought but I know a lot less about tax efficiencies than I thought. This thread really prepared me for the crash but I didn't benefit. Next round, when there is a good idea, I'm going to go to UBS and tell them to get me a fund manager that specializes in that area and (probably) short the shit out of it through a hedge fund, rather than with my own account. it will be for less than 5% of my portfolio but goddamn it, I'm going to directly benefit rather than bitch about it next time.

If anyone has some thoughts, I'd love to hear it.
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