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Friday Humor: The New Normal Asset Manager
Curious why legendary hedge fund managers are shutting down shops left and right in disgust with the mockery that central planning and algorithmic short-termism had made of equity markets? Don't be: his name is Julian Marchese, he runs a "macro fund"... and he is 16. Don't get us wrong: we enjoy the next youth trading prodigy, and here the Schwab baby comes to mind, as much as everyone else. Our concern is when it is the people who have never even seen half of a business cycle that start running your money, and, probably worse, making money, which leads them to believe they know what they are doing, and gets gullible LPs to allocate capital to them based on a 3 month track record, when in reality the entire market is one merely primed for outperformance courtesy of central planner puts and priced to Bernie Madoff ponzi perfection, targeting a specific investor type. And here the Schwab baby comes to mind again.
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@ yen c.
"why does..?"
because time is just the distance from where
you are to reality and as you get older the
distance increase so time correspondingly
accelerates. this is true for most people but
not all.
peace
Peace blindman.... Good on ya!
I am long red solo cups and tequila
he says in Market Theme Discussion (July 16th) that gold is technical bearish but hes long gold. WOW this guy is gonna be the next soros
And there you have it. The top is in. CNBC trying to draw in retail by pointing out" it's so easy a 16 year old can do it". "Grow a vagina Mr. retail and jump in".
The slang term for vagina is bajango.
Ariba!
Shorting the Euro, great pick!!! Must be a zerohedge reader.
I am long Euro- Short - Pound.
The UK collapsing and has no Germay to resue it.
The triple AAA of the UK is as absurd as the AAA Sub Prime Mortgage Back Securities.
The markets may only go higher now that they are controlled by the banks. If the banks continually make money while the indexes go higher, the ascention until the final day of implosion, which would come from some event not related to the market indexes, may be very far off. Most likely the inflation of the market indexes would spread to inflation elsewhere and then bring about social unrest that would ultimately bring the indexes down.
I hope he put half his money into APPL.
Will his balls be able to twist into dust in the next "flaaaaashhhhh craaaaassshhhh" without dropping from his abdomen yet? Take your high yielding US stocks and euro short and stick it up your mothers man juice dispensary.......OH AND CAN I BE YOUR TRADER?
Eureka! Jesse Livermore has been reincarnated!
Im not American, i dont watch CNBC, but i just have to say, the sheer "phonyism" of American presenters makes my blood curdle.
Just imagine how us Americans feel...
I've opened up a hedge fund called "The Throwing Darts At A Board Fund". We're up 300%.
We don't even have offices or do any research. Why bother? & we say so in the prospectus.
Who's in?
If only this kid were truly awake. Imagine if he said to buy physical gold & silver and that the whole financial system was on the brink of collapse? Now that would be impressive. To bad he lacks any sense of how many fools are betting on western debt to be the end all be all. I bet the kid thinks that 100% debt to gdp is a sign of a stronger economy.
This calls for more Mr. Creosote:
http://www.zerohedge.com/news/what-happens-once-mario-draghi-unleashes-e...
some losers reek of jealousy im 16 myself and i would kill to be in that kids shoes, but i have to manage with a joint custodial account
LMAO. I always wondered what a TD Ameritrade 'Trade Architect' customer looked like.
Reading his expressions he only sold a portion of RIMM at the time he said he did.
Who gives a rip about age -- what's this kid like in his portfolio?
Meanwhile, college students are forking up hundreds of thousands of dollars to get their worthless business degrees. If a 16 year old can do it you really don't need to get a fucking degree and be a debt slave for the rest of your miserable life.
"Curious why legendary hedge fund managers are shutting down shops left and right"
No need for curiosity; they ran out of easy marks.
Noone mentioned that she asks him "Whats you 5 year track record?"
Well...5 years ago I was 11...