Warren Buffett's bet on hedge funds vs. S&P 500
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Poast new message in this thread
Date: June 11th, 2018 10:31 AM Author: boyish brass parlor
the hedge fund industry is a fraud
news at 11
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36222512) |
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Date: June 11th, 2018 3:22 PM Author: Red business firm
yeah, no
they get considered 'top hedge funds' in retrospect
since you are the expert, name some of these funds that consistently beat the market
while you're at it, posit a reason why they are able to beat the market consistently
there are only three reasons that come to mind that can explain it
1 luck
2 insider knowledge
3 riskier than the market
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36224592) |
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Date: June 11th, 2018 7:56 PM Author: Red business firm
found it
http://www.bloomberg.com/news/articles/2018-02-09/vix-surge-hands-8-600-profit-to-a-tiny-hedge-fund-in-colorado
"Not everyone got crushed when the market collapsed.
For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime -- a $17.5 million payday on a $200,000 bet.
“People were laughing at us, saying this could never happen, this should never happen,” Justin Borus, the 41-year-old founder and manager at Denver-based Ibex Investors, said in an interview. “We saw people pricing this as a 1-in-5,000 event, but it was more like a one-in-five-year event.”
Borus’s team bet that an exchange-traded fund linked to a calm stock market would go to zero in the event of suddenly volatile trading. The ETF almost did -- it lost 96 percent of its value."
Justin BorusSource: Ibex Investors
Borus said they always believed in the wager, even when just about no one else did. But the jackpot still caught them by surprise. Two of the group -- Ari Rubin and Cooper Stainbrook -- were taking a long walk around the Colorado capital when the market started to go haywire on Feb. 5."
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36226405) |
Date: June 11th, 2018 6:52 PM Author: boyish brass parlor Subject: it kind of enrages me that so many ppl got filthy rich off this
racket
but the gig is about to be up
i become more convinced by the day that the key to becoming obscenely wealthy is to aggressively practice borderline fraudulent behavior
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36226009) |
Date: June 11th, 2018 11:37 PM Author: cyan set
The best part about Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett's annual investor letters is that they always provide some kind of reality check.
This year, in one sentence, he takes on one of the biggest diversion tactics of all -- one promulgated by many companies as the way they should be viewed and then gullibly accepted by investors: EBITDA or earnings before interest, taxes, depreciation and amortization.
"When Wall Streeters tout EBITDA as a valuation guide, button your wallet," he wrote.
https://www.thestreet.com/story/12463644/1/greenberg-buffett-tells-investors-to-get-real-about-ebitda.html
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36228219) |
Date: June 11th, 2018 11:43 PM Author: cyan set
“People who use EBITDA are either trying to con you or they’re conning themselves."
-Warren B.
“I think that, every time you see the word EBITDA, you should substitute the word ‘bullsh*t’ earnings.”
-Charlie Munger
https://www.forbes.com/sites/brentbeshore/2014/11/13/ebitda-is-bs-earnings/
(http://www.autoadmit.com/thread.php?thread_id=3998907&forum_id=2#36228250) |
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