You might find it shocking, but being able to draft internal and external memos is a major part of the job.
So generating returns and providing clients with downside protection produces nothing. Creating secondary market liquidity, crucial to allowing capital raises in primary markets, produces nothing.
Anything you can’t hold in your hand produces nothing. Thanks for the laugh.
You’re comparing a long short macro fund to the SPX, hahaha. Oh man, you are so clueless it’s hysterical.
What has had better long term results. I don’t give a shit what type of fund it is.
I don’t know if that would be necessarily true. If we think of the damage that would be done before we said we need to implement UBI then it would avoid those costs.
But unemployment does not replace income from a job 100%. It is also temporary. If it will take a year to learn a new trade or job how do you survive in the meantime?
I believe it. It’s no different than posting here.
Produces? I’m talking about building.
You don’t understand what a Sharpe ratio is nor the purpose of a hedge fund. You’re comping long short versus an equity index.
I don’t disagree with your sentiment. A small change to “many people who teach, can’t do”, would not be an issue. It is just to general to be accurate.
Got it, despite an explanation you don’t understand capital markets.
What are you 10 year returns to date? Only thing that matters in the end. You seem to be avoiding this question.
He doesn’t worry about that - he is playing with money from people who have a lot of liquidity and are capable of handling a large amount of risk in the market.
Those of us with just Roth or 401(k) type funds aren’t in the same league financially as his clients.
It doesn’t change the fact that they potentially could make more money without him. It’s been crickets since I brought up his returns. If he is so smart, surely he should be able to beat an un managed fund.
I see hedge funds as a sophisticated con, that takes advantage of people being fearful around investing (even rich people).
No, you don’t understand.
If you lose your job tomorrow and can’t get one like it, what do you do?
Do you go out and start your own company? No, because if you could have done that, you would already have done that. So you can’t build anything.
Do you learn new skills? Like what? How much will you earn compared to what you earn now?
You’ll become a cop, fireman, teacher? Oh wait, those are union jobs.
You’ll go to medical school? Go back to school to become an engineer? Law school? You’ll take several productive years of your life “off” in order to get that education? Then start at the bottom of your field and hope you have enough years left to recoup the money you paid getting the education and have enough in savings to retire.
I’m really interested to hear your plan so we can share it with all of the people who lose their manufacturing jobs.
Individual PMs are prohibited to disclose this under NDA and I’m not saying the fund I work for.
I’m not avoiding anything, you don’t understand Sharpe and you think comping long short versus a passive equity index means something.
Actually, I will start my own fund in the near future. As usual with you, more appeal to emotion.
It certainly means something if you care about making money. I don’t care if you choose to use jargon. I have already googled Sharpe index, and don’t see why me understanding it is important for understanding the returns of an investment.
Why not explain why it matters if it is so important. Do you just want to throw around big words so people believe you. It isn’t working FYI.
So you have no clue what you would do. You ignored the part about not being able to get a job like the one you do.
Let me ask you this, would you rather invest in something that has a 9% return and 3% volatility or something with a 20% return and 18% volatility? I’m not using “big words”, I’m explaining something very rudimentary to someone who has no idea what they’re talking about.
The purpose of a hedge fund is to hedge. So many of us in the industry are having great years due to the market meltdown, how’s your SPY investment doing? I love how people beat the drums of “active management is dead” when they’ve just rode the wave of money printing for a decade, but once volatility comes roaring back they get slaughtered.
Asked and answered. I deal with many of the clients for the fund pitching my industry focus as part of the overall fund, I have a good relationship with them. If/when I leave the fund, I have a 12 month non-compete during which I am still paid. This gives me time to construct my own fund then bring over existing clients. You don’t get it, do you?
It certainly doesn’t help us figure out what to do with people who become unemployed and who are, at least at that moment, unemployable.
It also doesn’t address the very real question of unemployable people when or if the job market changes. The number of young people who are special ed, have extremely limited attention spans, cannot think for themselves and who require specific environments (like safe spaces) to be somewhat functional is growing. We will see a growing number of people who cannot do the jobs a more modern economy will require.
You can’t work in that field. That was the issue. What do you do? Become a movie star?