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/biz/ - Business & Finance

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18497049 No.18497049 [Reply] [Original]

Is this man based? Or is he full of shit.

>> No.18497463

>>18497049
Most based man in finance

>> No.18497588

>>18497049
He's full of shit. He's like mini-Buffett. Did well decades ago and has since been coasting along on his name. Now he is making a huge social media push selling basic shit like "diversification is good" and other non-info.

>> No.18498722

>>18497049
He WAS a genius now I don't know what's good with the man. Late 2019: Cash is Trash, Yesterday: USG Bonds are trash. Both would've gotten you REKT. Sleepy Ray

>> No.18498770

>>18497049
He's based in macro, he's right about the Fed

>> No.18498808

>>18497049
radical transparency

>> No.18498811

>>18497049
I'm almost positive the way his company is /pol|biz/ IRL. But with people who don't know shit weeded out.

>> No.18498872

>>18497049
he's extremely smart
read some of his books if you haven't already

>> No.18499005

>>18497049
Very good at macro. I’d even say one of a kind. He is based and he said depression is cooming

>> No.18499097

>>18497049
Read his "Principles for Navigating Big Debt Crises", it's free somewhere. Basically our current situation with record debt is analogous to the pre-WW2 era with growing populism and economic stagnation. He's a great macro guy.

>> No.18499127

>DUDE JUST DIVERSIFY LMOA
wow... this is the power of hedge fund managers

>> No.18499171
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18499171

>>18497049
Bridgewater Associates is very suspect. I not saying that they're running a scam, but their strategies doesn't seem very academically rigorous compared to DFA or AQR and they seem cultish. Their big risk-parity strategies have benefited from being heavily overweight bonds in a long term environment of declining rates. Anyone can be a genius with a strategy like that. He's good at marketing though I'll give him that.

You're better off doing factor investing: HML, WML, RMW etc. combined with some long term trend following to reduce drawdowns. There're loads of academic research on this.

My portfolio is very simple. I go long 40 value stocks and 40 momentum stocks rebalancing once a month. I use EBITDA/TEV instead of BM/ME (which Fama French uses) for value and I also take into account the smoothness of the price path for momentum (I sort it on smoothness after a generic momentum sort, see https://www3.nd.edu/~zda/Frog.pdf).). Then a use a 12 month simple moving average rule (trending - if the market – MA > 0 go long stocks otherwise short 50% of the market using futures) and a time series momentum rule (absolute performance - if the excess return of the market is above one month treasure bill rate then go long stocks otherwise short 50% using futures).

So right now I'm market natural, but just buy the market if you haven't read the academic research and have a diploma to show that you have!

>> No.18499208

>>18499171
>environment of declining rates
I should say declining yields as my graph shows although rates have also been trending down overall.

>> No.18499572

>>18497049
He’s not full of shit. Shit has value.

He’s full of sewage.

>> No.18499582
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18499582

>>18497049
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.18499609

>>18497463
that would be James Simons

>> No.18500260

Worked at his company.

Great time, hell of a culture.
Feel free to ama.

>> No.18500702

>>18500260
tell me how to get hired

>> No.18500943

>>18500260
why did you quit?


he just posted the pol meme about good times create bad times at linkedin.

>> No.18500964

>>18497049
based? based on what?

>> No.18501180

>>18500702
Get interviewed.
They may not like you though. Tempermant and ability to be criticized are important.

>>18500943
Never quit actually, still have my badge. Was technically a contractor though.

>> No.18501612

>>18500260
whats the most offensive thing someone said to you there that you're not supposed to be offended by?

>> No.18501639

>>18501180
And do you just say shit to people? Like do you just walk up to someone and tell them they have bad breath?

>> No.18501661

>>18497049
“Cash is trash” - December 2019

>> No.18501665

>>18497463
That'd be Jeffrey P. Snider or at least Bill Ackman if you're limiting it to really rich guys

>> No.18501872

>>18499171
>their strategies doesn't seem very academically rigorous
>There're loads of academic research on this.
>if you haven't read the academic research and have a diploma to show that you have!
not sure if this is a troll pasta.. but no in Academia knows anything, if they knew something they would be billionaires, but hardly anyone are capable of earning money on their immense knowledge of the market - apart from teaching others what they know. Academia is the equivalent of a forex traders that only earns money from being the teacher in a forex course.

>> No.18502122

>>18501872
You're a fool. Most asset managers use academic research and/or are founded/controlled by people from academia. AQR/Cliff Asness and DFA/David G. Booth are just two examples.

>> No.18502287

>>18502122
Ask any professor in econ, how much he/she is worth. Ask how they obtained their networth (through labour, or through investing).
If your knowledge of the market is unable to translate into you profiting from the market, then what is that knowledge worth? how much do you really know of the market if you can't use it to your own advantages.

Sure there are some successful forex traders that use some of the things they learned in a forex course..

>> No.18502384

>>18501665
Snider is truly based and one of the few people who really understands how it all works together