Baton Rouge Money Managers: Breaking the mold

Maybe if Apple has a 25% dip or so Scoop will go away.

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Is it possible that virtually all money managers really have no better idea how to make money in the market than your average person with a subscription to the Wall St. Journal?

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The big dogs definitely have their shite together and are worth the money, but 99.9% of the population don't have direct access to them.

Bridgewater drops mad knowledge into my inbox every morning before 10 AM. This, plus the success of their "pure alpha" fund leads me to believe that they, in fact, systematically beat the shite out of the market.

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You mean the big dogs like the geniuses at LTCM?

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For every LTCM, there is a Klarman.

Guy seems like one of the last people in the world I'd give my money to. I do agree with his views on diversification though.

The cheap/cheeseball tie gave it away. And this was the icing on the cake.

WHEN DO YOU DUMP A STOCK?

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Usually, if the earnings disappoint. We have to bite our nails every earnings season.

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WHAT????????????????????????????????

You bite your nails w/ regards to my portfolio?!?!?!?!?!?

"We don’t want any problems. We only invest in companies with zero problems."

Does anyone know any of these?

What amazes me the most about the incompetence of Anderson is his misinterpretation of what professor Nassim's theory of the "black swan" is really about.

You cannot predict a "black swan" event. They are unforeseen events in which the consequences are unknown until they have past.

In this case, I would argue Andy Anderson is highly vulnerable to the "black swan" events in the marketplace today. And by investing with Andy, you are putting you and your money in serious jeopardy.

Nassim Taleb explains it very simply with the turkey experiment. The turkey, in this case Andy Anderson, doesn't realize he has had his head cut off on the day of thanksgiving. The butcher on the other hand, the white swan, was not affected by this tragic scenario.

In regards to Andy's investment approach, he is putting his clients money in the cage of the turkey, and the butcher, sovereign debt, is on his way with the clever.

In sum, remain robust and avoid fragility by avoiding any investment with Andy Anderson.

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7. Why do you say we’re in the early stages of a bull market?

We’re following five indexes. The first one is the Nasdaq. We have to get at least three out of five of these above the lower moving average, and the lower moving average has to turn up. It really hasn’t turned up yet, but it’s moving sideways, and we know as long as it holds up around here [points to a chart on his iMac], it’s going to turn up. We also look at the Merrill Lynch technology stocks. Technology stocks are the key to this country. When business spending picks up, they’re buying computers. Here’s the New York composite. Here are the small-cap stocks. Here’s the S&P 500. It looks like the tides are coming in

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Wow this guy is brilliant.

time to ban anything named A. Anderson from the financial world.