Comments on: Mutual Funds vs. Hedge Funds

By: Raj

Raj — Fri, 15 Jan 2010 02:45:11 +0000

What are the picks for 2010?

By: Raj

Raj — Thu, 14 Jan 2010 20:45:11 +0000

What are the picks for 2010?

By: Mailbag – World Beta – Engineering Targeted Returns and Risk

Mailbag – World Beta – Engineering Targeted Returns and Risk — Wed, 23 Dec 2009 01:41:27 +0000

[...] times there are comments left on old posts that would probably be of interest to the community. Below is a thoughtful comment from DP that I wanted to respond to. My comments in [...]

By: WorldBeta

WorldBeta — Wed, 23 Dec 2009 00:17:11 +0000

Thanks for the response – check out my new post for a follow up…

By: DP

DP — Tue, 22 Dec 2009 17:46:49 +0000

I don't think people realize that all this data is free. All this hedge fund, endowments, etc. is public domain. Goto SEC and search for Appaloosa and find their quarterly filing. Takes 1.5 minutes. Or there's several sites who aggregate these filings for free….yes, I said free. This timing strategy, nor the data, is proprietary in any way. Faber's just giving you a means (and thoughtful organization) to the information – which he charges for. It's kinda like paying for a butler cuz you're too lazy to walk to the fridge. Also, you have to realize that this data is 'old'. Funds are required to file their holdings/activity 45 days after quarters end. So do the math…one quarter..plus 30 days = ~ 120 days. Yep, thats 1/3 of a year late. Market volatility is pretty high these days; so keep your eye on the ball.

One of the biggest mistakes a casual investor has is getting lured into these large, advertised % gains. Ever hear or read: “past performance is not indicative of future results”? Unfortunately, this post is a little suspect and selective in nature. Any sentence that starts with 'If you bought __' is merely a “claim” based upon past performance. I'd advise the author to be careful with such wording.

Since most of the followers are casual investors; they need to know all the details.

By: Squash

Squash — Wed, 16 Dec 2009 19:07:00 +0000

What is the issue with some people

By: WorldBeta

WorldBeta — Wed, 16 Dec 2009 17:41:45 +0000

If you were a long time blog reader you would know I don't engage in cheesy cherry picking, and I am transparent and honest about both my good and terrible ideas. I have never deleted a blog post of the >600 posts.

Looking forward to your criticisms when you finish the book.

By: Grumpy Old Man

Grumpy Old Man — Wed, 16 Dec 2009 17:26:50 +0000

Yes, but you never indicated why you selected that one of the five in particular (“indicative”?, “at least as good as”?), and the BOLDFACE suggests cheesy cherry picking.

I'll have more to say about “again” when I finish your book.

By: WorldBeta

WorldBeta — Wed, 16 Dec 2009 17:01:07 +0000

Here we go – I updated it because morningatar just came out with their
article. And did I not say I would update them all in Jan?

And to be clear, what do you mean by “again”?

By: Grumpy Old Man

Grumpy Old Man — Wed, 16 Dec 2009 16:48:40 +0000

Looks like you're cherry-picking again. Was the Tiger Cubs call the highest-performing of your five ideas?