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I am up ~11% in August and almost 35% this year.
Perhaps you should charge 2 & 20!
Working on it...
PS. All unlevered
Shorting group think stocks just now is good business. The Wall Street lemming crowd is currently dressed in blaze orange making it quite easy to spot them.
You must belong to the group that says - the easy money has been made. Now it is a stock picker's market - lol. I made 40+% last year and the year before was 30% and the year before and the year before...
I find your ideas intriguing and I would like to subscribe to your newsletter.
No newsletter or any advertising - just saying for posterity...
Yeah, that's the ticket. And you're married to Morgan Fairchild, right?.
You beat me. I'm only up 15% on the year. Unlevered as well. I charge 2.5/20.
It's been a good year for me. Long gold and silver. Had BAC and GS puts. Now I will move that money into gold on the next pull back.
Yeah, those do offer higher rates of return on higher risk, but I only have US equities trading mandate atm. Trying to get a permission for futures and options as well.
Bill Ackman? Isn't he the con man who based an entire hedge fund on one ticker: TGT? Yeah, 2 and 20 to "manage" one holding of Target.
Marc Faber on Squawk Box CNBC 08/23/11http://video.cnbc.com/gallery/?video=3000040963
l.o.l. ....... luv Dr. Faber, he's the whole reason i got so involved in this story, the guy is just the best !
The only REAL hedge funds are managed futures (CTAs) funds. Systematic trading, bitchez!
its only money bitchez
Ackman's new project is JC Penney.
He's the one who tries to be like Ichann, only his shoes are about 10 sizes smaller. If you want to completly fuck up a company, this is the guy to get it done.
Icahn has alot of people working for him. Without them, he would be unwinding his funds. He is too old for the business, IMO, and should pull a Soros.
Ackman shorted MBI in 2007-2008, but seems to not be operating much of a short portfolio these days. Too bad.
The guy I miss is Michael Burry: he wound down his Scion funds in 2008 and is now just a private investor. He communicates very little about his positions nowadays, but his speeches about the macro direction help you see his investment thesis is roughly similar to ZH.
Burry advocates farmland.
Only easy way I know to play is CRESY.
Anyone have alternatives?
farmland is profitable if food prices rise. RJA is great play on food commodities. its a rogers inexed fund. solid.
Icahn was right about Motorola . . . not sure if he stuck around long enough to make money on that call, but he's been trumpeting the value in that company for years. Not that I'm a fan of his, but credit where credit is due.
Ackman is a one trick poney.
tyler, how is volume looking on todays surge? or is that a rhetorical question....
Here's hoping that every last TBTF and hedge fund has double digit losses. Wipe them from the face of the earth.
Insolvency is the only way to uproot these shatheads.
Bernanke needs to defect to China today ... his work is done
What's the time frame for the YTD. It must not include Aug because short bias is down YTD?
How's Seth Klarman doing this year?
They need faster algos!
What that means is that the funds will need to get off their asses and start putting money into real deals with good upside.
"Risk On" will be taken to a whole new level. The Fed backstopping the markets, ZIRP until 2013 and the money managers need to get very creative.
Could be that a spending binge is coming, like we haven't seen since the Nineties and dot.com era.
No returns, no fees and the funds go bankrupt. Only way out for them is to be aggressive and moving forward on everything that looks promising.
They're going ALL IN. All on BLACK so to speak.
Whatever moves, has a heartbeat and can't climb the trees fast enough will get nailed and has to take the money.
Please, please take the money! If it doesn't work out, we will worry about it later.. say in 2013?
This is the nature of American Capitalism. Forget higher interest rates. Forget more QE. Forget higher taxes. Now comes the FLUSH of hoarded cash into the draught stricken financial system from funds which are at a DEAD END street.
Ackman is a genius. Just like Ed Lampert.
The only problem is that these guys eventually start believing their own bullshit.
(just don't forget to cancel if it's coming out of your own pocket)
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