Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
Candles say short term downtrend followed by big green candle with huge volume (reversal but needs confirmation), then followed by a bearish spinning top (bearish, uncertainty), then followed by a long-legged Doji(bearish, uncertainty).Big green candle might be a bounce which couldn't hold past 4k making it the new resistance. This thing is very young and so it is quite driven by emotion and news. Barring any fresh news to get confidence back it might revisit lower 3ks again until that changes.
Charts are just a visual summary of what's happened and is not really indicative of what's going to happen, it's just way easier looking at that than the live ticker all day but it's really the same. It's fun too but it only works till it doesnt. This market is super skittish and news/emotion driven that it renders candles a bit pointless, maybe in a couple years it'll behave like any regular trading asset out there but for now it's still very immature. Im not even sure this thing follows RSI rules since how can something so niche be overbought. Honeybadger status is still in play imo haha
Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
isn't their goal to beat the market in general and make more money for their clients? Because if they dont, then what's the point? i'd rather buy and hold the top performers in the s&p.
Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
isn't their goal to beat the market in general and make more money for their clients? Because if they dont, then what's the point? i'd rather buy and hold the top performers in the s&p.
No. Their goal is to produce uncorrelated returns. That is why they are hedge funds; when there's a strong bull market (such as we've had since 2009), hedge funds are supposed to underperform the market. Investing is not as simple as maximizing EV. Not every investor has the same time horizon or goals. For you, me, and most individual investors, sticking our money in an index fund is probably better. For some, it's not. Read this article, it explains it very well:
Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
isn't their goal to beat the market in general and make more money for their clients? Because if they dont, then what's the point? i'd rather buy and hold the top performers in the s&p.
No. Their goal is to produce uncorrelated returns. That is why they are hedge funds; when there's a strong bull market (such as we've had since 2009), hedge funds are supposed to underperform the market. Investing is not as simple as maximizing EV. Not every investor has the same time horizon or goals. For you, me, and most individual investors, sticking our money in an index fund is probably better. For some, it's not. Read this article, it explains it very well:
On September 18 2017 03:10 whamm! wrote:
Candles say short term downtrend followed by big green candle with huge volume (reversal but needs confirmation), then followed by a bearish spinning top (bearish, uncertainty), then followed by a long-legged Doji(bearish, uncertainty).Big green candle might be a bounce which couldn't hold past 4k making it the new resistance. This thing is very young and so it is quite driven by emotion and news. Barring any fresh news to get confidence back it might revisit lower 3ks again until that changes.
it feels like you're doing this when you're explaining zhe candle sticks
Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
isn't their goal to beat the market in general and make more money for their clients? Because if they dont, then what's the point? i'd rather buy and hold the top performers in the s&p.
No. Their goal is to produce uncorrelated returns. That is why they are hedge funds; when there's a strong bull market (such as we've had since 2009), hedge funds are supposed to underperform the market. Investing is not as simple as maximizing EV. Not every investor has the same time horizon or goals. For you, me, and most individual investors, sticking our money in an index fund is probably better. For some, it's not. Read this article, it explains it very well:
On September 18 2017 03:10 whamm! wrote:
Candles say short term downtrend followed by big green candle with huge volume (reversal but needs confirmation), then followed by a bearish spinning top (bearish, uncertainty), then followed by a long-legged Doji(bearish, uncertainty).Big green candle might be a bounce which couldn't hold past 4k making it the new resistance. This thing is very young and so it is quite driven by emotion and news. Barring any fresh news to get confidence back it might revisit lower 3ks again until that changes.
it feels like you're doing this when you're explaining zhe candle sticks
it feels more like this:
Ex-PokerStars Team Pro Online
1
Silver_nz New Zealand. Sep 22 2017 09:57. Posts 5647
Using the Buffett bet as a criticism of hedge funds kind of misses the point of hedge funds. Their goal isn't to beat the S&P, their goal is generate positive returns that are uncorrelated to the S&P (hence the word 'hedge').
There are hedge funds that charge fees in excess of the value they provide, but comparing the absolute returns of an index fund like Vanguard vs. a hedge fund is apples and oranges. Nice publicity gimmick for Buffett though.
isn't their goal to beat the market in general and make more money for their clients? Because if they dont, then what's the point? i'd rather buy and hold the top performers in the s&p.
No. Their goal is to produce uncorrelated returns. That is why they are hedge funds; when there's a strong bull market (such as we've had since 2009), hedge funds are supposed to underperform the market. Investing is not as simple as maximizing EV. Not every investor has the same time horizon or goals. For you, me, and most individual investors, sticking our money in an index fund is probably better. For some, it's not. Read this article, it explains it very well:
People are saying 10k by December. Right. We are already parabolic and would have to get to the top of green like #1. 175% in 3 months. Ok.
I guess anything is possible. Its more likely we push past 10k by 2019 on line #2. Although even that is really far fetched.
I think this is the beginning of a bear trend that will take us to a decision on the 3rd line. Where we either bounce up to 10k+ or continue down 1 step further.
Seems likely we bounce of the .618 fib as that's where trend line 3 and .618 fib converge
Timeframes on all of this happening is real subjective. Crypto can move real real fast.
On September 24 2017 17:10 wobbly_au wrote:
you forgot lines 6, 7, 8, 9, 10 all the way to 20.
Cant only look at the upside yo
Bear trending for 2-3 years is not what most people would call an "upside"
It's just something I quickly through together showing a few likely scenarios that show people that Bitcoin most likely isn't going to hit 500k in 3 years or something like that, and that the gravy train stops sometimes.
On September 26 2017 06:10 Baalim wrote:
That is just plain guessing continuing to draw choosing different points in the graph, pointless imo.
To someone who is terrible at poker, a lot of what you do is plain guessing and gambly/pointless. I guarantee you I'm much better at this than you, and this is far from plain guessing.
I'm not saying anything I say is going to happen, I'm just pointing out likely scenarios based on what's happened so far. The lines drawn aren't just drawn in random places to show price would go down. They're drawn around where price would go roughly based on how markets work and market history. Otherwise I'd just do this
Contact Users: 160 Active, 0 Logged in - Time: 11:22
