Comments
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RAExcellent Video. Ummm....you want something in your Portfolio to perform well in gradually rising inflation and something in rapidly rising inflation and something in fairly stable inflation and something in periods of deflation—gee, that sounds exactly like Harry Browne’s Permanent Portfolio “all weather” fund: 25% gold, 25% stocks, 25% long dated US T bonds and 25% US Treasury bills—and rebalance annually. Occam’s Razor Boys and Girls.
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NRExcellent and candid exchange filled with nuggets for those of us who actually manage money professionally. Please keep bringing industry insider conversations about the craft like this one to RV.
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KS"i dont believe in bubbles" wtf?
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SHGreat work guys. Keep it up!
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lDThat ended a bit weird .
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SGToo bad so many negative reviews. If you run money, its a great discussion on the headwinds you face and reality of performances. Particulary, vol adjustment was a great comment. I think the shortness of time allowed only to hit on subjects. But under those surfaces creep loads of importance. And I think that is what this discussion was about. "here is an idea. A thought. Maybe an example. Now dive under the water and understand it all. Cuz it will caution you"
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APTedious. Rambling, incoherent and often incomprehensible.
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PDGreat segment. Hedge funds - in a word - are scams. Anyone who beats the market after fees - even regular active managers - is lucky .... and won't do so over time. Bogle did the math on this decades ago. Even Druckenmiller, - and more recently Gross - got chased out. But in a scam economy and and everything bubble ... all kinds of stuff comes out of the cracks.....
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DSGood introduction. In this case the group discussion was a little too chaotic for me to follow well. I would like to see Professor Douady in a monologue or an interview with a market expert like Mike Green. Mike is excellent at offering market context and leading an interview. Professor Douady showed a great deal of wisdom in what does not work from his mathematical investigations. That alone would be worth the interview. In addition, I think that there is a lot of positive analysis that Professor Douady could add. Thanks. DLS
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DCI don't know what to do with this information but if I had to choose I'd say the action item is to never buy a hedge fund. It's interesting that they say Hedge Funds, on the whole outperform mutual funds - I'm not sure if that's true but even if it is why would anyone paying attention buy a mutual fund? Do hedge funds, on the whole, beat ETF? I suspect not. Also peculiar is the statement that many outcomes of "AI" are no better than applying a simple linear regression. I agree, but if the point trying to be made is that hedge funds tend to mute risk (losing 25% instead of 50%) why can't I just allocate more in cash and achieve the same result? I've been looking for a good case to buy hedge funds but so far I haven't found it. How do I find a good manager? I still don't know.