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Started By
Message
Baton Rouge Money Managers: Breaking the mold
Posted on 8/11/10 at 11:20 am
Posted on 8/11/10 at 11:20 am
LINK
Highlights: Diversification is for suckers, I don’t believe in buy low and sell high, and I have a fiery passion in my loins for Steve Jobs.
Highlights: Diversification is for suckers, I don’t believe in buy low and sell high, and I have a fiery passion in my loins for Steve Jobs.
5
Posted on 8/11/10 at 12:41 pm to TheHiddenFlask
quote:
I have a fiery passion in my loins for Steve Jobs.
This is what will break the pin.
Posted on 8/11/10 at 2:05 pm to foshizzle
Maybe if Apple has a 25% dip or so Scoop will go away.
Posted on 8/11/10 at 3:24 pm to TheHiddenFlask
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?
I'm starting to think that the only worthwhile money manager out there is the guy with political connections who can accurately predict where Uncle Sam is going to throw his next $1B.
I'm starting to think that the only worthwhile money manager out there is the guy with political connections who can accurately predict where Uncle Sam is going to throw his next $1B.
Posted on 8/11/10 at 3:31 pm to The_Pistol
quote:
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?
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.
Posted on 8/11/10 at 3:36 pm to TheHiddenFlask
You mean the big dogs like the geniuses at LTCM?
Btw...never heard of Bridgewater. I'll look into 'em.
Btw...never heard of Bridgewater. I'll look into 'em.
Posted on 8/11/10 at 3:38 pm to The_Pistol
quote:
You mean the big dogs like the geniuses at LTCM?
For every LTCM, there is a Klarman.
Posted on 8/11/10 at 4:50 pm to TheHiddenFlask
I'm just going to go ahead and say that this guy reminds me of your typical sell-side talking-head on CNCB 30x a day. I am pretty much 100% in disagreement with everything he said in terms of my outlook and investing philosophy. BW is one of [the?] largest hedge funds in the world, fwiw. They probably essentially steal money from this guy on the reg.
Posted on 8/11/10 at 5:03 pm to kfizzle85
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.
Posted on 8/11/10 at 5:09 pm to RedStickBR
Yeah that part I do agree with.
Posted on 8/11/10 at 5:38 pm to RedStickBR
quote:I know Andy Anderson personally. You are very astute, RSBR.....
Guy seems like one of the last people in the world I'd give my money to.
Posted on 8/11/10 at 5:47 pm to LSURussian
The cheap/cheeseball tie gave it away. And this was the icing on the cake.
WHEN DO YOU DUMP A STOCK?
WHAT????????????????????????????????
You bite your nails w/ regards to my portfolio?!?!?!?!?!?
WHEN DO YOU DUMP A STOCK?
quote:
Usually, if the earnings disappoint. We have to bite our nails every earnings season.
WHAT????????????????????????????????
You bite your nails w/ regards to my portfolio?!?!?!?!?!?
This post was edited on 8/11/10 at 5:47 pm
Posted on 8/11/10 at 5:54 pm to The_Pistol
quote:
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?
If you're talking about stocks, sort of. They aren't any better at picking them than the average Joe, but they can trade less expensively and they have a better idea of how to diversify more effectively. But I don't think they pick winners any better than average. Hell, most individuals think that's all there is to it.
Outside stocks, it may be a different story depending on the market. And if you really are a stock insider you can make money. But the reality is that most "insiders" don't know as much as they think they do, nor is it risk-free.
Posted on 8/11/10 at 7:07 pm to TheHiddenFlask
"We don’t want any problems. We only invest in companies with zero problems."
Does anyone know any of these?
Does anyone know any of these?
Posted on 8/11/10 at 7:16 pm to LeonPhelps
No, I don't. But if you find a company with zero problems, I'd assume there'd be no reason to be "biting your nails" come earnings time.
Posted on 8/12/10 at 11:13 am to TheHiddenFlask
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.
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.
This post was edited on 8/12/10 at 11:15 am
Posted on 8/12/10 at 11:18 am to Skert Bitman
I have not read Black Swan. But, I know a lot about Buffett. His use of "Black Swan" and "Buffett" seemed more cliche' than academic.
Posted on 8/12/10 at 11:20 am to Skert Bitman
quote:
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
Wow this guy is brilliant.
Posted on 8/12/10 at 11:24 am to LeonPhelps
You are exactly right. Anderson has been brilliant in his ability to market himself this way.
It is unfortunate and I would deem fraudulent at the minimum.
Investors beware...
It is unfortunate and I would deem fraudulent at the minimum.
Investors beware...
Posted on 8/12/10 at 11:26 am to Skert Bitman
time to ban anything named A. Anderson from the financial world.
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