| But not for their other customers? "Renaissance Hit With $5 Billion in Redemptions Since Dec. 1" - https://www.bloomberg.com/news/articles/2021-02-07/renaissan... Maybe then it's real magic. Everybody knowns The Goetic Circle of Solomon cannot have more than 72 different demons. :-) Are you familiar with "Fooled by Randomness" by Taleb? Here is one of the simple tricks discussed there. The details are of my own writing, the mechanics of it are as described. How you can easily implement a Hedge Fund to beat the market and become a rich investment manager, that will show up every day on CNBC. Step 1: Choose randomly 20 stocks from the hundreds in the NASDAQ and the SP500. Do this hundred times and create 100 funds. Step 2: Let the funds run for a while and keep closing the worst performing Step 3: At the end you will end with one or two that beat all market indexes Step 4: After 3/5 years publish a full announcement page on the FT and Wall Street Journal, explaining how your Hedge Fund has consistently beat the market. Step 5: Invite people to give you more money to manage, due to your amazing expertise.
Make sure to charge a 5% management fee. Show up on CNBC once in a while
for free, for increased exposure. Step 6: Setup a Foundation to make sure you enjoy your billions tax free... Another way to do, if you morals are let's say, more flexible, is setup several funds, trade your main ( profitable fund) again the other funds ;-) I could do this all day... |
If so, please share your evidence.
If not, then I’m not sure what is the point of this conversation.
There are plenty of hypothetical ways to beat the market and they make for the same quality of conversation as a drunk uncle’s “brilliant” day trading strategy that he just needs a few bucks to execute. Carry on all day if you wish, no one will be better off for it.