Do y’all realize how xxxxxxxx ignorant you look going back and forth over all this BS?

Making fun of poor people, if you ever have the misfortune of being near one, is standard.

says the 40 y/o who looks at the ground while walking lol

Jesus

Where do you look when walking? I'm not gonna trip on the wall.

i saw this in an article the other day and thought it applied nicely to sports betting as well.

legit top sports bettors, where is your edge coming from? how are you working to maintain it and/or create new edges in other areas?

you should stop by more often !

i dont like the 1st type, the rat's race.

but then again, maybe all of them are a rat's race.

5) Networking, to keep getting new outs to bottom feed off the legit top sports bettors

Pretty solid list, a few thoughts:

1) In reality, doesn't happen unless you're the fastest quant with the fastest software and best hardware [often not available to most big investors yet] and got the GOAT co-location. Or you're cheating. In the 'old days' like 10-15 yrs ago in places like Korea you could get the trade prints ahead of the market with a direct exchange feed if bothered to learn how to read it.

2) If we're talking about widely traded stocks, probably ~1% of professional investors do systematically better analysis. You've seen 1 argument btw two 150 IQ people about their DCF models you've seen them all.

3) This is what actually works for most investors who provide systematic alpha for their clients. Contrarian attitude, patience to hold onto a position for 2 years or more [a lifetime in money mgmt], self-control to stop adding to losing positions and not taking profits quickly, discipline not to panic sell at the bottom - probably the most important.

4) is just optimizing for 3) above.

5) is a crucial skill. Anything that magnifies your funnel for idea generation is vitally important. I can't overstress this enough.

As long as it doesn't lead you into playing away games. Playing away games is as dumb as selling at the bottom. I knew clients that lost their entire fortunes on Russian GKOs because they 'knew' Russia would never default on Ruble debt, unlike USD debt. Wrong. They bought all the way down and got margined out at $0.07 on the dollar. Hundreds of millions of dollars woooosh.


#3-5) is why guys like me can beat the market and make a good living as long as you not actually bad at #2.

#1 is actually a hindrance to any normal investor. You can't copy Buffett because he buys whole companies but all you really need is the quarterly reports and an eye on any M+A activity. If you're building a complex model and you're not evaluating, say, KMX credit tranche defaults then you're doing it wrong.

You could have just read, say, Google's qtly report in summer 2010 or 2012 and noticed they were trading at 22x while growing at 32%, highly profitable, and $50 Billion in cash on their balance sheet. That got you a 5-bagger in less than 8 years, no genius required just simple blocking and tackling.

Tony Bennett

How does 3-5 help you beat the market?

It's explained right there ^^^^ in black and white.

You should just index anyway and not worry over it.

I still don't get it

Neither of those points help you beat the market. They only let you maintain the edge you already have.

Might as well add in 8 hours of sleep and a good diet.

I know very little of what youre talking about in this post so Im just asking here, but I mean this cant possibly be true, right?

his whole post is nonsensical drivel

This guy ph-cks.


I'd be interested to hear your thoughts on CDS swaps as I haven't had much luck factoring that in. That said I'm just a peasant with sub 150 IQ so maybe I just see the world in black & white and not color.

No, you're very wrong.


1 and 2 not really working anymore is a large (but not the only) reason HF returns have been on a downward trend last 20 yrs.

You would be surprised how difficult most people find 3 & 4.

See
Amaranth Advisors
Bill Ackman and Valeant
KKR / TPG and Energy Futures Holdings
Long Term Capital Management

All you stock guys sound and even write the same weird way. Lots of acronyms and short, punchy sentences. Usually has an "obv" in there and someones always "surprised." It reads almost like what I imagine someone lightly on the spectrum would write for the hero's dialogue if he were writing a movie.

You mean like this?

Is that how you view yourself? lol

I just assumed you two were ethnic but I guess autistic works too

exactly

i missed this gem but lol@u if you think you have any chance of outperforming an index on ur own

delusions of peace

also I didn't realise people were still attempting to do it on their own dime in 2018

that is some ******ed ****

If you buy an index when that index has an downswing of 20% plus, congratulations, you already outperform it.

you'r welcome!

ok? reading not even once?

honestly thou

how many ******s are trading with their tiny 8 figures in 2018? is this really a thing?

what is the point?

According to my prime broker of March 31st, I am outperforming YTD, 1 year, 3 yrs, 5 yrs, and 10 yrs. A good start to the year pushed me ahead for 3 years which was the only one that was trailing at year-end.

Probably just a lucky coin-flipper over thousands of long [and fewer short & options] trades, amirite?


But you're finally right about one thing. I certainly don't do it on my own dime. That would be ******ed ****