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Investing 30k (pg. 4)
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| Guest |
| quote: | Originally posted by FuzzQi
You know, that kid kind of looks like Edward Snowden age 11 |
:stongue: I totally see that too |
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| billymadision |
dude you should get a bidet
revel in greatness
you will use less toilet paper, AND you ass will always be shiny! |
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| Lira |
| quote: | Originally posted by Lagrangian
f above-average performance is to be their yardstick, the vast majority of investment managers must fail. Will a few succeed due either to chance or skill? Of course. For some intermediate period of years a few are bound to look better than average due to chance just as would be the case if l,000 “coin managers” engaged in a coin-flipping contest. There would be some “winners” over a 5 or 10-flip measurement cycle. (After five flips, you would expect to have 31 with uniformly “successful” records—who, with their oracular abilities confirmed in the crucible of the marketplace, would author pedantic essays on subjects such as pensions.)
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In addition to the ones benefitting from short-term luck, I believe it possible that a few will succeed—in a modest way—because of skill. I do not believe they can be identified solely by a study of their past record. They may be operating with a coin that they know favors heads, and be calling heads each time, but their bare statistical record will not be distinguishable from the larger group who have been calling flips indiscriminately and have been lucky—so far. 1
It may be possible, if you know a good deal about investments as well as human personality, to talk with a manager who has a decent record and find that he is using methods which really give an advantage over other investors, and which appear to be likely to provide continued superiority in the future. This requires a very wise and informed client—and even then is not free from pitfalls.
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For openers, there is one huge, obvious pitfall. I am virtually certain that above-average performance cannot be maintained with large sums of managed money. It is nice to think that $20 billion managed under one roof will produce financial resources which can hire some of the world’s most effective investment talent. After all, doesn’t the big money at Las Vegas attract the most effective entertainers to its stages? Surely $50 million annually of fees on $20 billion of managed assets will allow an array of industry specialists covering minute-by-minute developments affecting companies within their purview; top-flight economists to study the movement of the tides; and nimble, decisive portfolio managers to translate this wealth of information into appropriate market action. 1
It just doesn’t work that way.
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Down the street there is another $20 billion getting the same input. Each such organization has its own group of bridge experts cooperating on identical hands and they all have read the same book and consulted the same computers. Furthermore, you just don’t move $20 billion or any significant fraction around easily or inexpensively—particularly not when all eyes tend to be focused on the same current investment problems and opportunities. An increase in funds managed dramatically reduces the number of investment opportunities, since only companies of very large size can be of any real use in filling portfolios. More money means fewer choices—and the restriction of those choices to exactly the same bill of fare offered to others with ravenous financial appetites.
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In short, the rational expectation of assuring above average pension fund management is very close to nil.
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The entire memo can be read at Fortune. The 1962 image of Buffett is from an interview with an Omaha, Nebraska, television station, KMTV.
http://qz.com/116075 |
In short,
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| Looney4Clooney |
| quote: | Originally posted by Vivid Boy
I have enough money to purchase your mother and make your father bark for me on all 4's. you in peasant. When will you realize the richer I become the more power I have over you. You're a in slave. know your role. |
almost convinced. IF it were't for the terrible made for black people jewelry and your over exuberance of an amount of money that is really how do you say, well , i mean impressive if you poor , i would believe you.
you work in real estate
you spend time in an office.
people that actually make money in real-estate are showing property. They also know were the property worth buying isso when you state what to invest your money, the fact that property doesn't sort of seem obvious is pretty much you either being the worst real estate agent in TO or you are work as a junior agent making cold calls in an office in the middle tier.
I create things. I get paid to do what most do as a hobby. Making enough to support a family is all I require. It just so happens I seem to make a little more than that. You kinda just sound poor. WHich is fine. Making money if that is your goal is really not impressive.
I think you are rather poor. In taste. In hair follicles and just a guy that passed a test that requires no education pretending to be some hot shot real estate agent that mans the phones at the neighbour hood realtor farm. |
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| SYSTEM-J |
| You really are like a 12 year old in the playground who can't handle the fact that another kid has a bigger swimming pool in his back yard than you. |
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| Fledz |
15k on a plane ticket to London for me and hookers and blow.
15k on a hitman to get rid of this douchebagel L4C above. |
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| Looney4Clooney |
and you seem to have an idea regarding my financial affairs. I'm simply replying to his accusations, and you are playing psychic. I would say you are the one going full retard.
I did a contest here once, gave 1000$ cash. No strings. I have shown pictures of studio stuff that is worth about 100 000. I think i showed my collection of Yquem worth about 20 000. I mean if there is anything consistent in how I post, it is how money is just not something i care about. Why ? because it is not an issue. The way i talk about things, if you actually followed the production forum, i mean I think i had my hardrive setup that was about 20 4 tb thunderbolt drives.
And this is just so stupid. Who cares. Money has no meaning to me. I find it very insensitive for people to rub it like he does for people that may not be so lucky. And that is my issue. I mean it is just pathetic. All of it. I mean at what point did you kinda think, hmmmm real estate hot shot spending double time in the office. Pretty obvious.
This is like who has the stronger dad. just stupid. Anyone with money will just smell the way he talks , the things he buys as someone that doesn't have much.
Anyone here that is in the top tier, tell me I'm wrong. Anyone that has 500 000 k in assets tell me this isn't so ing transparent. Just one person. |
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| SYSTEM-J |
| quote: | Originally posted by Looney4Clooney
I find it very insensitive for people to rub it like he does for people that may not be so lucky. |
You are a serial boaster and are also a proven liar who has tried to use false claims to intimidate and belittle others. Your hypocrisy and myopia are staggering to behold. |
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| srussell0018 |
| I think it's obvious to everyone that he has a little money and finds joy in spending it (even if a lot of people deem it to be bad taste). I also think these kinds of posts are all in jest, which somehow went completely over your head. I also think you making a post where you say you don't care about money and don't show it off while simultaneously listing off expensive things you own is pretty hilarious. |
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| srussell0018 |
I can also understand the excitement of landing a 30k commission. I've been working as a financial planner for about a year and a half now, and although I make a very modest salary (around 35k/yr) it feels damn good to land a case where you're managing a 7 figure account that gives you a 30-$50,000 commission check for those two weeks. You wouldn't understand if you don't work in a job that is heavily commission based, but it's a good feeling. I don't see why you feel the need to bash him for being excited about it in the first place, especially when all the "bragging" is clearly a joke.
When one month you could make $3,000, and the next you could make $50,000, it's pretty damn exciting to get that 5 figure check for one case. |
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| Lilith |
| quote: | Originally posted by Looney4Clooney
Anyone here that is in the top tier, tell me I'm wrong. Anyone that has 500 000 k in assets tell me this isn't so ing transparent. Just one person. |
Its not the amount that matters, he could have found $500 and made the same thread and ended up with the same replies. (re: the whole Rosa Parks Died thread!)
You're missing the point of the ongoing joke being a gauche American with some money, then continuing to be a massive douche about it so everyone knows you have some money, up until someone (ie: yourself) eventually loses their brain after being trolled by this behaviour (instead of getting in on 'the joke') and tells them to go stick it up their arsehole.
Then... the joke is now on you. |
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| Fledz |
| Aaaw don't ruin it Lil. I quite enjoy Richies (L4C, M4B, etc) periodical breakdowns when literally 100% of people get sick of him being such a poster that he crawls into his hole and comes back later with yet another alias. |
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