37 Burst results for "Fund Manager"
Fresh update on "fund manager" discussed on South Florida's First News with Jimmy Cefalo
"Much are forecast for today. Well, it's going to be a dryer start toward a but to be very humid out there, So it's not a bad morning this afternoon. We're gonna get to a 60% chance. Showers and highs in the low nineties again, much like yesterday attacked for our businesses and Bloomberg Jeff Belgian warranty, Jeff Good morning. Jimmy Stocks lost ground. In Tuesday trading, the key indexes pulled back from their record highs, with declines that range from a quarter percent one and a quarter percent. There was no obvious bad news to account for the losses, Analysts say. Perspective is important. At times like this. It is only July, and the S and P. 500 has put in a game that most fund managers would consider a stellar year. The Federal Reserve wraps up its two day policy meeting today. Chairman Jerome Powell holds a mid afternoon news conference after the session ends. Investors have been sorting through a big stack of quarterly reports that came in since the market's closed yesterday. Three tech giants checked in Microsoft reported record.
Fresh update on "fund manager" discussed on America's First News
"Momentum continues forward, creating new jobs and new opportunities for people across America. I salute the bipartisan group, but it's time to close the deal. I hope they can get it done soon. Senator Schumer has said. We're going to stay until it is done. And I'm I heartily support that statement. On his part, President Biden and Senate Majority Leader Chuck Schumer will need support from every democratic, moderate and progressive to push the $3.5 trillion bill through the evenly divided Senate, of course. Vice President Kamala Harris would be the tie breaker if the infrastructure talks implode, maybe harder for moderates who rank it's projects as their top priority to back the follow up $3.5 trillion plan, which is already making them wins because of its price tag and likely tax boosts on the wealthy and corporations. Three tech companies that have a mask unparalleled influence while reshaping the way we live, released strong earnings on Tuesday, although Apple, Microsoft and Google owner Alphabet make their money in different ways, the results April to June that served as a reminder. The clouds they wield and why government regulators are growing increasingly concerned about it. Of the massive profits pouring into each company also illustrate why they have a combined market value of six and a quarter trillion dollars. That's more than double their collective value when the Covid 19 pandemic started. Just 16 months ago. In 2015, former hedge fund manager Martin Shkreli AK Pharma, Bro purchased at auction the sole copy of the Wu Tang Clan album, once upon a time in Shaolin for a whopping two million bucks. Skelly, of course, earning the nickname Pharma, Bro after he hiked the price of the anti parasitic drug from 13 52 750 propel had to forfeit the album in 2017 when he was convicted of securities fraud and sentenced to seven years behind bars on Tuesday. Federal prosecutors in Brooklyn announced that, once upon a time in Shaolin was sold for an undisclosed price to an anonymous buyer. The proceeds will be applied to the nearly seven and a quarter million scroll EOS and forfeiture The album also comes with a hand carved nickel silver box and a leather bound book with the lyrics and a certificate of authenticity..
Wes Crill of Dimensional Fund Advisors Shares His Take on Inflation
"Are you thinking about inflation and is it affecting the way you're thinking about portfolios you know. Break it down to us about you. Know your your sort of thirty thousand view of inflation in and what to do about it. Yeah absolutely i mean depending on you talked to lots of differing viewpoints in terms of their expectations for inflation. So it's helpful for us to just look at. What is the market in aggregate telling us about inflation expectations and you know we can see that from some indicators for example you can use break even inflation or the difference in yields between nominal and inflation protected treasuries at the same maturity. You can use the you know the the forward inflation expectations something like the five year five years so if i look at the five year break even inflation rate right now or at least as of a few weeks ago it was hovering around right around two point four percent to five year five year ford inflation which is telling you something about inflation expectations for the five period after the next five years ago basically covering ten full years here. That number was around two point one percent. Both of those numbers are pretty well in line with historical trends so looking at those indicators. It doesn't seem that the market inaccurate is expecting particularly high inflation and expected inflation is incorporating into security prices whether you're buying stocks or bonds or anything that's in nominal terms. You're getting compensation for expected inflation now. Some investors might be particularly sensitive to inflation and that means they might be concerned with unexpected inflation so for example if consumer prices rise more than the broad market is expecting then they might want to seek additional protection for that and there are options and sort of like the the cova vaccines. We have different ways to reach the same level of inauguration. you can us treasury. Inflation protected securities Which will hedge on expected inflation. There's a consideration there which is the the yields on those very very low though the real interest rates for us treasuries are negative across the board across all maturities Then there's also the possibility of having a fixed income solution which combines inflation swap overlays. So you're getting you're going to get paid real inflator actual inflation and then it's overlaid on corporate bond strategies. We can expand your opportunity said to different levels of credit in different currencies as well so there are options for investors who do have concerns about unexpected inflation. But i think getting to this notion that expected inflation which whatever the market believes is gonna come to pass is being compensated and current security prices and let's face it the market when they're producing prices like this. They were very difficult to out. Guess we all have our opinions on what's going to happen in the future. But looking at the data around active fund managers outgassing market. Prices is very difficult
No, China Didnt Just Ban Crypto
"What's going on guys. It is tuesday may eighteenth. And i don't know about you but it has been so many days of endless meditation and analysis on the meaning of musk that today. I thought i'd do some good old fashioned news. So this is one of those shows. That's roundup of about five topics. Basically extended brief. And i want to start with cryptos allies on capitol hill. We're so used to looking at regulatory risk in the loud politicians don't like bitcoin and crypto that we forget that this cycle has much stronger than we've had in the past. Here's one example yesterday representative. Tom emmer a republican from minnesota reintroduced legislation that would prevent the irs from penalizing taxpayers forked assets until the irs can provide clarity on its policies. Basically imagine that someone forked bitcoin into bitcoin alon rules and airdrop do your equivalent holdings on the new chain. But you didn't want the stupid. Bitcoin rules because he does not rule well according to guidance from october twenty nineteen the irs would say that your bitcoin ilan rules holdings would count as taxable income surprise surprise and other inland coin. Messing up your day. This approach says emmer and everyone in the crypto. Space is ludicrous. In fact it shows plainly that regulators can't just straight up apply existing thinking to this new domain now. This is the third time this legislation the safe harbor for taxpayers with forked assets. Act has been introduced. So let's hope this time it actually passes next up is long bitcoin. The most crowded trade in the world. According to bank of america's fund manager survey. The answer is yes. This is a poll of one hundred ninety four fund managers who represent five hundred and ninety two billion in assets more than forty percent of them say long. Bitcoin is the most crowded trade in the market. That's up from a little under thirty percent last month. Long tech and long. Es g both come in with over twenty percent of the vote as well short us treasuries even makes an appearance with around seven percent of the vote. This is getting some traction in the news because previous peaks have been associated with relative tops in other areas such as us treasuries in march of last year.
Archegos And The Fastest Loss Of Wealth In History
"What's going on guys. It is thursday april first and instead of bringing you some fun cheesy fake story. I decided to go in the exact opposite direction. Today we're going to be talking about leverage corruption and cheap money the fastest wealth in history. We are talking about arche ghost. This is a story that many of you have been following for coming on a week. Now it is certainly one of the crazier macro stories. I've ever covered here. It involves a traitor with dubious past a group of investment banks coordinating takedown double crossing margin calls and an eraser of fortune. Thanos style tens of billions gone in the seeming. Snap of a finger on the one hand. This is the story of an individual trader. A twenty year icarus who finally flew too close to the sun on the other. It's a story of a market as a whole a market. That is made money. Extraordinarily cheap which normalized extreme risk especially in the form of leverage. Let's start with the man at the center of the story bill. Bill's career started under the tutelage of the legendary hedge fund manager julian robertson in one thousand nine hundred eighty julian robertson founded tiger management. One of the earliest hedge funds. Tigers run is the stuff of legends building from eight million in start up capital in nineteen eighty two over twenty two billion in the late nineteen ninety s when robertson unwound and shutdown the fund. In two thousand. He started the next phase of his career which was investing in the funds of his former employees the so-called tiger cubs to be clear. This isn't like one or two funds. We're talking about thirty five to fifty of the world's top hedge funds rob citron's discovery stephen mandl's lone andreas halvorsen. Viking philippe lafont kuwata management which you may recognize as the lead investor in dapper labs new three hundred and five million dollar round from this week and one of those hedge funds from the tiger cubs was called tighter asia management and came from bill hong
Cathie Wood Making Stock Picking Popular
"So tracy here's something that i never thought i would see again so i i started following markets in the late nineties The dot com era and something that i never thought i would see again in my career after that ended was the superstar fund manager. Okay why is that. Well the actually totally true. What i mean is more the superstar stock picker because of course back. In the old days there are a lot of like star stock stock pickers fund managers. You know Peter lynch comes to mind some of the other tech investors back then but these days with et fs with online brokerages that make it really easy for individuals to buy stocks on their own. It really sort of seemed to me like that era had gone bright so i suppose there was this idea that the time of stock picking has come and gone and that if you want to make returns in the market you should just poor all your money into something like an s. and p. five hundred. Etf like a vs tax or something like that and just stick with it and don't bother trying to outperform the market because over a longer period of time. Even the best stock pickers had eventually underperformed. Right i think this mantra of don't try to pick stocks. A if you try to pick stocks. You're probably going to underperform the index and be if you come across a mutual fund or a fund manager. Who's good at picking stocks. Oh it's probably just luck it's not going to last too. You know even if even if there is someone who can beat the market. How are you going to know whether it's actually worth putting your money with them until like this idea that everyone should just index Trying to beat the market is kind of a lose lose proposition. It's really been drilled into people's heads. And i think like you know for years. They're really we just haven't had a sort of another new peter lynch or buffet. There's star quantum maybe some bond fund managers who are known but the idea of like someone who is just really associated with a great track record of picking individual stocks. Hasn't been a thing for a while and yet and yet a star stock picker emerges over the horizon. Yeah executive obviously that really That for the first time in a long time there is currently a fund manager a stock picker who is a mess and incredible track record an incredible following. And of course. We're talking about kathy. Would she is the ceo and chief. Investment officer of arc invest and there is a total fascination with our and this family of actively traded. Etf a phenomenally well in terms of returns but also ex Attracted an extraordinary amount of investor cash in the last couple of years right so the arche t fs. I mean i'm looking at their performance. They have five different semantic portfolios alone. Ch- that have basically doubled over the past year. Which is pretty amazing if you think about it. It's amazing enough for just one stock to double in price like that in just the space of twelve months but to do it across multiple is really remarkable and i think within their actual portfolio. There's a tiny tiny number of stocks that haven't risen recently. And i'm not even sure there are any actually. It's a really amazing. Performance is really sure to actually. I'm looking at the end of twenty twenty for twenty twenty their performance of a r k. Which is the sort of flagship innovation. Etf that arc has was up one hundred fifty two percent for the year Extraordinary returns and if you look at the holdings they're just all of the companies that have absolutely killed it in the real environment. Tesla is the biggest one but other names square. The payments company phenomenal roku huge winner. Zillow spotify tele doc. Which of course had an incredible year. Thanks to the rise of rome medicine and so forth so it is a Just extraordinary number of winners that this There's a fund and the related funds. There's a related fund for finance and Medicine that have That they've brought it. Just the triggers incredible. If anyone follows. Eric balchunas who's sort of bloomberg intelligence is etf analyst. I feel like three quarters of his tweets. These days are just about. How extraordinary this Family of funds and the performance of arc invest has been lately.
Hedge Fund Makes Millions on GameStop
"Turning to washington and the latest on the game stop frenzy treasury secretary. Janet yellen is said to meet with top regulators. Today to discuss the many issues that have emerged. This initial meeting will include officials from the sec and the fed according to former officials and analysts. The discussion is unlikely to reach any conclusions on whether the activity points to risks to financial stability or the need for regulatory changes. It wasn't just individual investors making a lot of money on game stops rally in a wall street journal exclusive world reporting one hedge fund in particular made a profit of nearly seven hundred million dollars joining me now with more on how this came to be as markets reporter caitlin ostrov. She is in london. Good morning caitlin. Wanting mark caitlyn so much of the movement upward has been propelled by day traders but some hedge fund managers actually bet on the stock rising. Yeah so you've had this narrative of on forms like it's wall street bets that come about of you know all of the little guys of the day traders kind of taking on these hedge funds better holistically betting that stocks like games talk will wind up falling but not everything has always as clear. Cut in black and white in some hedge. Funds also took this contrarian view that may be the market was being a little too beating up on games talk and so you actually had one hedge fund some best which actually started at on of games top. You know at the end of last year. September october and turned into profit of nearly seven hundred million for them because they start buying wind chairs were close to ten dollars and they sold when they were close to four hundred and caitlyn. We've seen a lot of volatility with game stock and others. What has been like this week. Yes performance for a lot of the so-called robinhood stocks the stocks that are very heavily favored by day traders We've been less strong moves this week than we did last week. you know. We had shares of games. Top shooting up over one hundred percent in a single day and now trading is a little bit more rangebound between you know maybe five and twenty percent that is obviously still vividly high volatility. But it does show that maybe some of this valley is losing a little bit of steam or a little bit of momentum ceylan ostrov thanks for joining us. Thanks for having me
GameStop jumps more than 130% even as hedge funds cover short bets, scrutiny of rally intensifies
"Just a few weeks ago, the stock price of retailer Gamestop was sitting below $18 a share. Now it's surged to over $330. Thanks to an army of amateur traders, a loosely organized on reddit, editor in chief of Investor PD, A. Caleb Silver says smaller investors looking to make quick cash while sticking it to hedge fund managers are hyping game stuff They put down money. They watch the stock go up. They sell the stock. They pocket their games and they go on to the next trade. But if you don't have the proper risk parameters in place, and you don't know what you're doing, it's very easy to get in over your head and lose all your money. The battle between small investors and hedge fund owners has created big losses for some major Wall Street player.
TSLA is The Chosen One Says Morgan Stanley, Price Target to $810
"Everybody rob power here and today. We're talking about a new note on tesla's stock from morgan stanley. They have increased their price targets significantly. Today after hours. We also have some news on the full. Self-driving beta report on monowai gross margins from china and some news that riven may be raising some more capital taking a look at the stock tussle. Today finished up zero point seven percent to seven hundred and thirty five dollars eleven cents that actually did trail the nasdaq which was up about one percent. But hereafter hours worth. Things have started to get more interesting. After morgan stanley released their updated tussle note. Tesla has jumped by about ten to fifteen dollars. One and a half two percent to read around seven hundred fifty dollars per share otherwise news on tesla was fairly light today. So we're gonna spend most of our time here looking at that note. And as i always say when we look at analyst notes a lot of this is just contextual and it gives us good jumping off points for discussion and things like this also gives us good perspective and insight into the kind of information. That's being circulated around the street. So right off the bat here. This morgan stanley note comes with a great headline. They title the no quote the chosen. One tesla industrializes internet of cars target two eight hundred and ten dollars and quote. That is a huge fifty percent increase over the previous price. Target of five hundred and forty dollars per share. They write quote. We update our forecasts and long-term assumptions. Following better-than-expected cue for deliveries sixty one percent year over year growth and five billion dollar capris raising twenty thirty volume to five point. Zero million units versus three point eight million and taking the price target two hundred ten dollars. Tesla is richly valued for a reason reiterate overweight and quote. Okay so what has changed. Here with morgan stanley's assumptions that has led to this fifty percent price targeted increase while they say they had better than expected volume this year. You four specifically. There's been a significant capillaries. And of course tesla was added to the s. and p. five hundred. So they beat morgan stanley's projection. They have risked and they've been added the s. and p. five hundred which has reduced the float effectively reducing the supply of tesla shares as for the actual changes to their model driving this higher price target. They say that quote the majority of the price target increase comes from the impact of our higher volume assumptions in our model and quote as i said they have increased their twenty thirty delivery forecast from three point. Eight million vehicles to five point two million vehicles and they say that they have now added to factories to their forecast for twenty thirty bringing their total tesla. Plant count to ten. I think that factory count is actually probably pretty close but that would only be you know. Five hundred eighty thousand vehicles per factory by twenty thirty. But it's become very clear. That tesla actually has ambitions of producing two million vehicles or so per factory per year. At least in the case of texas and dig your berlin shanghai. They've said one million plus so even just those factories plus fremont if can hit their production targets in those factories. Gets you to more than five. Point two million that jonas projecting here for twenty thirty as for their earlier year forecasts for twenty twenty one they have increased their projection from seven hundred seventy eight thousand previously now to seven hundred ninety two thousand and as a reminder just as recently as july they had actually been projecting just six hundred and twenty thousand four twenty twenty one so they've actually up that by about thirty percent in just the last six months for twenty twenty two the forecasting one point one five million. I'm not sure what that was previously for. Twenty twenty three. Then they are up from one point. Three five million previously now to one point seven million the fun thing about these increased volume targets from morgan stanley. Is that a few months ago. They did what they called. A great tesla rating. They started including things like mobility services as a recurring revenue from autonomy in their price target. So they're sort of having this ongoing opera moment this year. That as they now add vehicle volume into their forecast they now have to add additional services and revenue margin as well and that is where the game changes in terms of valuation for tusla. And the thing is you. Don't even need a fully autonomous robot taxi type of service to start adding that services revenue in when tesla's starts offering full self driving as a subscription. I think that is going to open a lot. Of analyst is to how tesla's business model is structured and will be increasingly structured going forward leveraging software. It's already easy to say. As i've said in the past that if you want to compare valuations show me another automaker that is selling a ten thousand dollar software option then we can make those comparisons but because that is all sort of right now lumped into the same revenue the same margin line on tussles earnings. People just aren't willing to recognize that yet as a separate line of business when tesla's starts offering full self driving a subscription even if they don't break that out on their earnings that forces a change in how analysts are forecasting and modeling tesla they have to start forecasting recurring high-margin revenue right. Now that's basically all just being pulled forward into that simple ten thousand dollar option which is great but it also makes it easier to ignore the other factor making it easier to ignore right now. Is that a big portion of that is still currently deferred revenue. So it's not actually showing up in earnings. But as tessa delivers more features this year less of that is going to be deferred tussles valuation in and of itself is playing a role here too because it has become so massive analysts have to cover this. They have to cover well. They're getting more and more resources to cover it. They're getting more and more questions as tesla's been added to the s. and p. five hundred those benchmarked funds managers. They need to know what to do with the stock so the coverage is just getting more and more intense and again because the evaluation hide they're going to be a lot of analysts running numbers sort of back testing against that valuation. Saying okay to justify this. This is what needs to happen for the company.
Chevron CEO says company is embracing, investing in a lower carbon energy system
"What's best performing sector since election day. You'll never believe it energy and we talked about energy. I mean fossil fuels with multiple co vaccines. Right around the corner. The economy will soon be able to reopen which means more demand for oil and gas ray of yours. No i'm not a fan of this industry anymore. I think the long-term press but posthumous have gotten grimmer but there are two fossil fuel stocks that i still consider investable one of them is chevron the big integrated the king of the oils the best of the best chevrons held up surprising well during the pandemic. And it's got a powerful safe dividend of five point seven percent. The only problem the stock is now thirty five percent in the last six weeks. So kennedy keep climbing. Let's take a closer look with mike. He's the chairman ceo of chevron corporation. Get clear picture of the industry and his company said mr. Moore's welcome demand money jim. It's good to be with you all right so you got to solve this for me. As long as i've been in the business always one company that was the best and it wasn't as yours. It was a company called back son. There are a lot of others that were doing. Well now they're chevron and there really is everybody else everybody else being companies. I'm worried about the dividend that article in production. That aren't conservative. What happened to chevron at the other guy should have listened to well jim. Different companies have made different choices as As we came into this and as as we've gone through this so have changed their dividend policies. Some of changed their strategy. Some of change their financial priorities. We haven't our dividend to secure as you mentioned are balance is strong our strategies are intact and there's no they can count on us so we were we were well prepared as As we went through the cycle. And i think that people realize that we've been constant at a time when many others have changed. Now you'll have when it's necessary been aggressive for instance. You were very aggressive in the gulf of mexico drilling wells that are going to produce oil for year. They don't run out those wells. I mean that's just something that you did. Everybody else went away from it. How did she have the dish do that. Jim it's a long term business. Demand for energy in the world is enormous seven and a half billion people on the planet today. By twenty forty there will be nine billion in all of them deserve the things that affordable reliable energy can provide. so we've got to take a long view on investments and at the same time you've got to take a short view in terms of being prepared for markets that are very volatile and unpredictable. So it's an and world actually have to do both. We have to look out the front window. Twenty years down the road and we look out the window of the house today and see what's going on the world today and manage our way through both of those. Let go out twenty years. You bought a company called no one. None well terrific. I visited leviathan. It's an incredible field in metro. Train off the coast of israel. I could see a visionary saying you know what it's time to disenfranchise gas prom company bringing its gas to the west and make it. So there's a pipeline from israel all the way up through central europe and that could be something that's a twenty five year project pie in the sky. Well that's certainly one of the opportunities to commercialise. What is a large gas resource in the waters of the eastern mediterranean office. Real right now at feeds markets in israel egypt and jordan their opportunities to take liquefied natural gas to other markets and certainly longer term. These types of resources often lend themselves to infrastructure developments to feed market. Europe is not not far away so those are all options to commercially develop that resource and supply markets in an affordable reliable manner. So that that's the type of thing that our company does really well and it's a long term view that we have to have to sustain our company at the same time. I've noticed that you need to be able to have common ground with whoever's in the white house. I'm not going to try to say you have to do this do that. Because you're reasonable person. Have come up with it. But if you have a really aggressive. Climate change president and team. Is it perhaps possible that they make it. So that you that you're not able to enjoy your own properties. Well jim we've been in business for over one hundred forty years we've worked with republican administrations with democrat administrations with split government with unified government. And we always start with common ground. Government wants economic development and prosperity for its people and governments want a cleaner environment We look for the common ground and there's always common ground because we're critical part of the economy. We may not agree. One hundred percent with any given administration on everything. But there's usually much more we're aligned on than we're different have different views on and then we sit down at the table and we work our way through those things. We've got different points of view and that's exactly what we expect to do. with this administration and every other one that follows but mike how do you sit down with fund. Managers younger financials. You say you know what we're about trying to be carbon neutral even make it so carbon negative so to speak so chevron can never be a holding embarrassed and better. How much do you think that works good. And they have great dividend policy. We can own what happens if too many managers start thinking that way. Well jim what managers really want out of our industry and out of our company. It's better returns and boil our strategy down to four simple words. Higher returns lower carbon. And we need to do both. And we need to find ways to invest in things that are good for shareholders and also good for the environment if we do just just invest and things are good for the shareholders and ignore the environment. That's not sustainable. And if all we do is invest in things that have an environmental case and they don't create value and returns for shareholders. That's not sustainable. Either so we sit down with portfolio managers of all ages and all levels of experience and talk about how to deliver higher returns and lower carbon That's what people. I think that's been investors are looking for well. How about another way to look at it. Some people feel jim. Do not see the future. Do you not see tesla. Do you not see the hydrogen fuel cells. Judah there's no room in portfolio because it's going to happen fast than you think you think the demands big al twenty thirty years. Probably the way. I too but they feel no mike they feel. It's gone away. Fashion than you. And i think and that has caused me to pull in my horns about a group i really like. Would you have we embrace a lower carbon future. We expect lower carbon energy system. In fact the energy systems always been moving towards lower carbon hundred. And fifty years ago cole came along a displaced would eat and then you had oil and gas and then you had nuclear hydro wind solar hydrogen now. The energy systems always been in transition. And we're investing today in. I'll give you an example renewable natural gas if you've ever driven by dairy farm or a feed lot. There's there's a certain aroma that you you may recall We're actually capturing the waste products from dairy farms now fermenting the those products to create the natural gas product cleaning it up moving it into a pipeline so it can displace fossil fuels so we reduce methane emissions and we create a salable renewable product. So we're investing in things like that. We're investing in nuclear fusion. we're investing in hydrogen. We're investing technologies that can scale and make a real difference and be part of a carbon energy system. This is the history of our company. And i believe it's the future of putting a hydrogen fuel cells all of your incredible gas stations. How about making that statement saying to the rest of the industry and all the espn enthusiasts. Look we are doing something right now. That's economic but it is gonna kill it in the five six years you could do that. Might your this and you've got the balance what we're working on these kinds of things. Jim we come back to. It's an world we've got to have higher returns and lower carbon and so we've gotta find things that work for shareholders and work for the environment and that's exactly what we're working on so i think i think you're going to see our company and you'll see others in our industry that continue to find solutions and this is a challenge that is too big for any one company anyone industry or anyone one country in the world to completely address We're gonna work in partnership with others and continue to advance the you know the state of the energy system which will only grow. Well mike. you've always been the you've been the voice of reason. Your company's been the scientific company all along people should know that chevron has always had the most scientists and engineers at the top might worth chairman. Ceo of chevron sir.
Tesla stock jumps on carmaker's addition to the S&P 500
"And starting december twenty. First tesla in the clubs. So jack what's the takeaway for our buddies over at tesla. This isn't just a vanity win for not it literally increases demand for tesla stock snacks. You may have noticed. Tesla's stock jumped ten percent yesterday and that is because of stock funds like etf mutual funds are basically you talk smoothies and s and p five hundred fund is like a huge stocks movie that include bits and tons of five hundred other stocks in those companies are like the blueberries strawberries that she had the cash who the whole nut situation the s&p five hundred index fund. It's one of the most popular retirement funds out there and the ingredients are perfectly proportional to the s. and p. five hundred so the s. and p. five hundred index fund is six point five percent apple stock. It's four point eight percent amazon and little of the other. Four hundred ninety. That's because the s. and p. five hundred index is six point five percent apple four point eight percent amazon and a little of the other four hundred ninety eight and on december twenty first that stock smoothie is going to include a dash of tesla to think of it like the bee pollen this means on december twenty first a bunch of heavy hitting fund managers. Who are like slinging around billions of dollars. They're going to buy a ton of tesla's stock to update their index. Basically they have to buy a ton of tesla stock because they have to reflect the s. and p. five hundred index. This is like imagine you have a textbook ridden as a professor and suddenly your textbook just got added to the econo- one required reading lists that has like seven thousand students so in a patient all these buy orders driving up the stock on twelve. Twenty one tesla is up twenty percent since monday
Fed Up With Facebook and Twitter, Some Conservatives Turn to Parler
"In recent months. In years we've seen mainstream social media. Companies like facebook and twitter. Step up their efforts to moderate content on their platforms in some prominent conservatives have said many of those measures unfairly target them and censor their viewpoints on the internet. They've increasingly responded by telling their followers to join them. On another social media platform it's called parlor and its billing itself. As a sort of libertarian. Alternative to twitter or puerto jeff horwitz has been looking into parlor and he joins me now to talk more about it. Jeff things being here certainly alright so for the folks who have been leaving book twitter. Can you just remind us what are their concerns with those platforms. Don't like content moderation very much or at least the way that the platforms are doing it. We should say and this kind of all boiled over the with the election the idea that the platforms would be one fact checking claims about voter fraud. That didn't really pan out but it'd be fact checking them at all and to be labeling the president's own speech and in some cases even restricting the spread of it really got people riled up and so many of them have been turning to parlor instead. It's sort of billing itself as this libertarian version of twitter but what exactly does parlor differently. That sort of appeals to these groups so the first thing it does is it does not moderate content except in very rare circumstances. The team does volunteers right now. So you know whether it even does it under. Those circumstances is kind of tb. Rules are no threatening to kill people and no committing illegal acts by means of the platform. Those two things are out aside from that. You wanna share nude sell fees by all means you want to use ethnic slurs. Go right ahead and this is intentional. Design the back of the hat form. It was launched with the expectation that there would be sort of this radical liberty approach and that even hateful speech would be tolerated and the thing that is sort of really different as well is that the platform doesn't push content at all so facebook and twitter and youtube. They all operate by recommending the best content when we think about things going viral it's usually because the platforms recognized that users responding in such a way that it was gonna meant the content was going to have great interest and then pushed it out to a whole bunch of people. This plant doesn't do that at all so you follow you. Follow you see their posts in reverse chronological order. And that's that so if the platform doesn't determine what people see what is doing that so on parlor. The interesting thing is that they've basically left all of this up to users. It is a user's responsibility to label sensitive about would be pornographic or extremely violent or hate-filled content if they post it and it is also used responsibility to use filters to determine whether they're going to see that so instead of trying to make sure that you know bad stuff doesn't go around the platform which is what the mainstream platforms tend to do what parlour is trying to do is making it so that you don't have to see it if you don't wish to and you giving users more control on that level so again it's just based on putting decisions that have typically been done on the platform level pushing it down to the user level and you mentioned the backers of parliament. Who's behind this. So rebecca mercer is the funder that got it off the ground. I mean everyone involved. Is i think has some very solid libertarian credentials executives with sort of ayn rand ian objectivism credentials or you know sort of bitcoin. Devotees rebecca mercer is the sign of robert mercer. Who is extremely wealthy hedge fund manager. Who has both funded. A whole bunch of very libertarian slash right meaning causes and also was involved with the cambridge analytica situation back in two thousand sixteen so he was funded dot company. Which was we all know. Got into a great deal of mass. Based on their somewhat dodgy business practices and as well obtaining of facebook data in ways that were blessed than orthodox. Got an end. Just how popular is this. Gambit of their how popular is parlor so parlour has gone from around four and a half million users before the election to well over ten men had been around for over two years at this point so they were really actually very slam trying to keep up with the traffic and it certainly didn't hurt that. You had some very high profile folks. Dan bongino the facebooks. Most popular radio hosts very right leaning. Talk show type actually. Owns a stake in the thing and has been pumping this on facebook as well based on the idea that people are irritated about facebook. Showdown groups and You know the stop. The steel effort that they sort of crackdown on and so it's kind of been on the platform itself. It's been getting pushed pretty hard. And that's been a big part of their growth. And i guess the question is does this platform present a competitive threat to the mainstream social media companies. Like could it actually compete with facebook and twitter too early to say. I think that there is a lot of skepticism. I mean people always say they don't want you know anyone else telling them what to thank telling them what to read or recommending content or censoring that they say that however the the history of the mainstream platforms basically was of people who had roughly those ideas themselves who were very much first amendment devotees even though they ran private platforms in the first amendment. Doesn't really apply in the full sense. They really wanted to keep it open for everybody and the problem is is that life gets in the way a and really vile stuff makes other users feel uncomfortable crimes get committed. There's kind of a reason why these platforms have cracked down over time. So i think it's sort of to be determined whether people who are leaving facebook and twitter because of their concerns that conservative viewpoints aren't going to be are being treated fairly are going to like being on a platform where like nude sell. Fees are totally cool. Are a wall street journal. Reporter jeff horowitz. Things reporting thank you.
"Hey welcome to the podcast about politics race and culture from the OC perspective I'M A. And I'm Hutagalung arena. Today, we have a very special guest joining us from yonkers new. York is Jamal Bowman he's the. Democratic nominee for Congress in new. York's Sixteenth District Jamal. To the show. Hello thank you so much for having me. It's great to be here. We don't often speak to you know members, of Congress or potential members of Congress few like somebody maybe unexcited Cossio go. because. You're win like hers was a a really big deal. You defeated Longtime Democratic incumbent Eliot Engel in a huge landslide lead your the likely winner in the twenty twenty general election because you represent a very blue district. So it's really been a super big year for you. Your Primary Win came at the height of the conversation around justice for Black and Brown lives inequity the pandemic. With. It. So really your wind came kind of on the backs of all of that. So. Give us just a quick back story shore. So the back story I guess begins you know being raised by a single mom in the projects along with my three sisters. During the crack cocaine epidemic, which projects I gotTa know which projects Oh Easter projects one hundred, fifteen first avenue in Manhattan. WanNa raise on the. Upper East side East Harlem Section Manhattan went to public schools by entire life lived in the projects in rent stabilized apartments started teaching in nineteen ninety nine in the South Bronx in one of the poorest zip codes in the country, and you clearly can see the inequality the inequity in how wherever you go in a city state or country black and Brown people seem to be suffering more than everyone else. So growing up as a black man in America who has been a victim of police brutality. The first time I was beaten by police was eleven years old and notice I said the first time happen again, the a later on. IOS Eleven hanging out on the street with my friends and being rambunctious in boisterous in doing what kids do and I guess someone may have called the police because we were maybe too noisy a too rambunctious. and. The police came over and tried to live saw curtail us and tell us a comma down. You know we kind of push back in had a few words for them. Next thing I know like I'm being done up against the wall thrones Grou- face dragged all over the floor. In the back you know except Tra, and then we'll take into the precinct and US well to my mom about this later were taken to the precinct in a coma mom to come pick me up with a birth certificate because they didn't believe I was eleven am. makes. Me Think Tamir Rice as I say that out loud rain. She comes with a birth certificate picks me up and takes me home. Didn't explain to her what the charges were if any why they approached us to begin with, they just allow her to take me home in my mom and I didn't even think to you know press charges. Report anything like that. We just kept moving and it just tells you how internalize sort of our oppression is. Right like we just accept we have accepted in I have accepted that okay. There's nothing we can do where powerless. So becoming a teacher. Being a social justice advocate within education and having the opportunity to be a founding principle of my own district, public school charter school, and being education organizers around equity and restorative justice in culture, Responsi-, schools all of that led to me. You know think about a potential run for office and why Eliot Engel while I looked at twenty eighteen election and I saw that me thirty thousand registered Democrats in the district actually voted and he won with twenty two thousand votes. Yeah. Some like, wow. This person has making trillion dollar decisions that impact millions of people and he only got twenty two thousand. Volts Yep you look at who supports him right? Who Funds his campaign we're talking big real estate. Yep Big pharmaceutical companies, weapons, manufacturers, hedge fund managers, and every institution that is hurting our community hurting the working class. Those are the people that are institutions that funded his campaign. So that's why we decide the challenge chairman ultimately were able to win in the end
Billionaire hedge fund manager Cohen agrees to buy Mets
"Steve, Cohen has reached an agreement to take majority ownership of the New York mets. He's a big time hedge fund manager. This is his second goal around to try to buy the team. The first one fell through. He is a lifelong mets fan. They do need approval from twenty-three of the thirty owners to make this official, but it does seem to be a formality,
Billionaire hedge fund manager Cohen agrees to buy New York Mets
"Hedge fund managers agreed to by the New York Mets Major League baseball team sport coat reports that Steve Cohen will own 95% of the club in a deal that values of franchise of $2.4 billion The current owners, the Wilpon and Cats families announced the deal today. Sale is subject to the approval of the other owners. I'm to McGuire
Billionaire hedge fund manager Cohen agrees to buy Mets
"Person shouting He hopes they die. A billionaire hedge fund managers agreed to by the New York Mets Major League baseball team sport coat reports that Steve Cohen will own 95% of the club in a deal that values of franchise of $2.4 billion The current owners, the Wilpon and Cats families announced the deal today.
A-Rod, J-Lo no longer pursuing Mets purchase
"A Rod and J. Lo not buying the Mets. Former Major League story Alex Rodriguez and fiance Jennifer Lopez are backing out of the bidding to purchase the amazing amid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen. CNBC first to report that Cohen has entered final negotiations and is expected to reach a deal with the team in the next few days. The match declined to comment. Cohen had entered negotiations to buy the team earlier this year, but the deal fell through
A-Rod, J-Lo out of New York Mets' bidding amid report Cohen set to buy
"Major league start out Rodriguez his fianc Jennifer Lopez. They have backed out of the bidding the purchase the Mets amid reports that the Wilpon family that's the family owns New York Mets. They're finalizing a deal with a deal of billionaire hedge fund manager Steve Cohen. Rodriguez announced on fighting despite a fully funded often any record price. They were pulling their offer, but they do with the Wilpon family and the entire mints organization. Well, If your head's one guy You know how to run a business, maybe just a little bit. Wilpon family. They've been passed their due date owning this baseball team. You hope that you hope this is a win win for the New York Mets, but anybody not named the Wilpon family. Owning the Mets, at least for right now at 12 03 Eastern time on the East Coast. That is a complete win for the New York Mets.
Why Pros Can't Beat the Market, but You Can by Chris Reining
"Why pros can't beat the market, but you can buy Chris rining of Chris. rining. Dot Com. A small part of my investment portfolio is an index fund tracking the market, and apparently I'm not alone over the past few years. Trillions of dollars have flowed into index funds as people realize highly paid professional money managers seldom beat the market. Bill. Man after spending eight years running active funds explained why that's a difficult task. Quote Fund, managers are under pressure to be predictable by showing low tracking error, which essentially means funds have to try to beat their benchmarks while tracking their benchmarks closely. Does that remotely make sense? End Quote? To say that another way fund managers become closet indexes. For instance, if they say they're benchmark is the S. and P. Five hundred they need to assemble a portfolio of stocks that closely resembles the S. and P. Five hundred because if they're fund underperforms its benchmark investors pull their money out. And that's the game fund managers are playing to attract and keep the most money because fees are percentage based the fund with ten billion dollars under management rakes in more than the three billion dollar one. But. Here's what took me years to realize saying that professional money managers can't beat the market has. Nothing to do with what you can or can't do please listen to that again. Here's why small-time investors like you and me have an enormous advantage over any professional. One you're a speedboat there a battleship. You're investing small amounts of money, not many hundreds of millions or billions. What do you think happens when a fund manager finds an underpriced stock and starts buying millions worth it causes the price to go up and there goes the advantage. To No one's looking over your shoulder. Fund managers have bosses breathing down their neck making sure they're tracking their benchmarked prevent withdrawals. It's the old nobody ever got fired for investing in IBM, or now Apple Syndrome. It's very hard to get market beating results when you're forced to invest conventionally. Three you didn't study investing. The SMART, people with Mba's who study modern portfolio theory and understand those squiggly lines on technical charts have been conditioned to believe investing can be broken down into some science like engineering or physics. So neat and tidy. nope. It can't markets involve messy people. Anyone can pick stocks trying to beat the market that doesn't mean everyone should stocks take a certain set that outlined before in my blog and it helps to have help which is why I use Motley fool stock advisor. Speaking of them, there's no question there. Stock Picking Methods beats the market because they're picking better than average docs from their website as of today five return up sixty percent S. and P. Five, hundred up thirty seven, percent seventeen year return up three hundred, eighty, two percent S&P Five, hundred up ninety, one percent over the past five years they've eaten the market by twenty, three percent. And so if you're interested in picking stocks, it might be as simple as buying and holding their latest recommendations for years to come sure you'll get some picks wrong and that's okay. The idea is your winners will more than make up for the losers and I know because I've picked some duds but my returns still beat the market. This is similar to how Jeff bezos thanks. Quote we've made doozy's like the fire phone and many other things that just didn't work out. We don't have enough time to list all of our field experiments, but the big winners pay for thousands of field experiments and quote. anyways, one of the most phenomenal small-time investors I know is Saul. Rosenthal. He's been compounding money at thirty percent or so for thirty some years but also works harder at it than anyone. He currently owns nine stocks only his very best ideas and always thinks deeply about them trying to find his blind spots. You might think having your life savings in nine stocks is nuts but I've learned it's better to have a small portfolio where you know a lot about a few companies than some gigantic portfolio were you know little about lots? I've trimmed my portfolio to fifteen stocks and at index fund it feels good of course, running a concentrated portfolio like that takes more work when all your eggs are in one basket, you watch that basket. But if you find the work enjoyable like it's a game for you, the results can be life changing. Does all this make sense I bet you'll always hear things like if professional money managers can't beat the market with their huge budgets and computing resources then neither can you Again just because they can't beat the market has absolutely nothing to do with what you can or can't do value investor monae per Bri. said it best quote investing is a peculiar business. The larger one gets the worst one is likely to do. So this is a field where the individual investor has a huge leg up on the professionals and large investors and quote.
The George Soros Saga: Antisemitism, Conspiracies, and Influence
"Billion-a-year Fillon therapist mega donor George Soros has long been the villain of conspiracy theories. He has also been a target of politicians and pundits on the right who resent his fierce opposition to George W Bush and Donald. Trump, they also object to his philanthropy support of liberal causes support most clearly defined by his mega donations. Earlier this month, the open society foundations, the ill philanthropic group founded by Mr Soros announced it would invest one hundred, fifty million dollars in grants for black lead, racial justice groups, and another seventy million toward local grants for criminal justice reform. The announcement came amid protests in the streets and calls for racial justice sparked by the murder of George. Floyd. Minneapolis those protests, some of which have turned violent have fuelled critics to view those donations as efforts to foment anarchy and back government corruption emily. Tamken. saw these critiques and conspiracy theories already building steam and two thousand sixteen which inspired her to research and write the influence. Of Soros, her latest Book Emily Welcome. Thank you so much for having me on the show so far listeners. Let's take a step back and start with WHO is George Soros not who the conspiracy theorists say he is but who is he really and what causes does he support and why? George. Is a Hungarian born American billionaire he is very influential in three realms the realm of finance, the rubber philanthropy, and the realm of politics in finance. He was a very famous and successful hedge fund manager. He's maybe the most famous and successful currency speculator in the history of finance, and then you know in the nineteen seventies after making a lot of money, he decides to start giving away some of that money to the cause of what he calls open society. The title comes the Name Open Society comes. From this book by Karl. Popper who was Soros's tutor at the London School of Economics and basically the premise of open society and its enemies is that this gross over simplification but basically, the premise is that you know neither you nor I can really know the truth. So what we're supposed to do is all of us together in a society come together and we discuss and debate, and we try to reach this perfect understanding and practice that's meant giving students scholarships. It's meant setting up a university in. It's meant you know after the dissolution of the Eastern Bloc in Suva Union paying for Internet for various government ministries and trying to connect people to information. He's also a big an influential figure in politics beginning in two thousand four. In the United States, he decided that he really wanted George W Bush out of office and became a major political donor. So I think you know I WANNA be careful to make clear that the political spending is separate from thirty but because he's this major philanthropic and also major political donor and because the political donations or not exclusively, but do tend to be four Democrats in liberal causes. I think that that colors the perception of some not just on the right but particularly, some people on the right in the United States. So source is a Hungarian. Jewish emigrant right tell us more about his upbringing and how it informed his philanthropy and political activism nineteen thirty Hungary is the Inter war period between World War One and World War Two prior to World War One Jews in the Hungarian part of the austro-hungarian Empire were more assimilated than many other Jews in Europe. They really saw themselves. Many of them saw themselves as Hungarian were part of the Hungarian national project report of this Lake Glittering Budapest life world we're one happens Hungary is on the losing side they lose a lot of their territory in the tree of and all, which is like the austro-hungarian version of the treaty of Versailles. And for a variety of reasons, the Jews are scapegoated for this. So you have these he's born into this world where you start having a Jewish quotas laws meant to persecute Jews, and this is. Even, before World War Two, his father has them changed their name from shorts to Soros to seem less obviously Jewish in this increasingly hostile environment his father had previously like escaped. Prison camp in Siberia during World War, one and made his way back to Hungary during the Russian civil war. So he knew something about survival. World to comes and there's there's not the occupation and there's the Arrow Cross which is like the Hungarian variant. He sees his father as this great protective figure who helped other people the father. was procured bull forged embargo documents of the Soros family and friends in front of friends could hide out is Christians during during the time, but he also he's persecuted for being Jewish he then after world, War Two is living under a certainly not the same kind of persecution but under a repressive oppressive socialist regime and I think that this is two things one, it makes this concept of society where we can all debate and discuss very attractive and I also think that for him because he was persecuted on the basis of his ethnicity religion. That inspired in him. The understanding that it was important to try to help whatever group was caught under the wheel at a given moment with this history and background in mind. IS IT ANTI Semitic to criticize Mr Soros and the causes he supports I'm not saying the criticizing Soros is. Anti Semitic I think he's done things that you can criticise part of the reason that I wrote this book is that it should be what he is actually done and the money that he's actually spent not money that he has never spent and thinks he has never going to do that to me is when it trips over into in antisemitic conspiratorial.
"fund manager" Discussed on KDOW
"Yourself and your input gone gone and the fund manager is now on the side of the employer any employer in a fund manager select your farm your mutual fund gonna stick inside the tax code call four oh one K. and are going to select the one who gives the biggest tax the biggest of a profit kick back take the face please can't be understated the cost of a four one K. is seven times that of a spider if you joined again today and you want the spiders spiders SP why just by the spiders you have hardly what we just got into the spiders again we we just got new members in on the eleventh the June within as fires for three years we just got our new memberships and you'll hear me say let's let's please join a gang of not get another twenty five members okay we're gonna look for another twenty five members for the day they start was on June eleventh finest fighters are already up eight six percent six percent return how can we have the high just the fees are minimal almost nothing because all you do to buy that spider is you go online so simple any online broker type it in and there you are you don't have the fees for one K. they charge you there's twenty two twenty seven hidden fees besides the regular fee so if you buy the spider you're gonna pay a fee the seven times more than than if you were with that you bought yourself down to buy would need to buy yourself go direct just by yourself set up by the spiders I need to put out with an online broker and a good online pick whatever I like broker you want.
"fund manager" Discussed on Newsradio 700 WLW
"All right. A very unique man now seem Taylor. That's T A L E B has some compelling ideas. On this subject of measuring risk. The same Taleb is a middle aged man of Greek background from a prominent family in Lebanon and educated here in the United States. He is an author. He's a scholar mathematics, professor, a philosopher, a senior Wall Street trader and a hedge fund manager, and he's an expert on mathematical science now, did you get all of that? It's quite a mouthful, isn't it and saying that really even that description hardly begins to describe this, man, Mr. Taleb is a formidable thinker and when he speak. He draws a very large crowd. His most famous books are the hidden role of chance fooled by randomness? And this one which you've probably heard the black swan the impact of the highly improbable, let me tell you about what he has to say because it has profound meetings for you and me and profound impacts on the ideas of the everyday investor Mr. Taleb says that we all place far too much weight on the odds that past events will repeat when unrepeatable chance is a far better explanation. Do you assume that the markets will continue to always grow up that any downturns or temporary or that bull? Markets continue forever. Or do you not even think about the risks either way? Really danger. Always lies ahead Taleb argues that the markets do not factor. In risk that are not measurable, and that most of the really big events in our world history are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on the investment markets. This is one of the very big reasons why we spend so much time encouraging you to get off the train and shift risk to someone else. Shift the risk to whom..
"fund manager" Discussed on Startup Financial News
"So during the gold rush, we also have this. Oversaturation of the financial piece. This question. And so again, even though when things are working well, startups us capital to grow faster to scale quicker and to ultimately grow to generate more profit. When that is used at abused as anything in life is overused in abused. It becomes dangerous becomes a drug. It's the same conversation. We've had all three the last year and a half. It's the heroin needle epidemic of over funding and overvaluing today startup companies, they become so reliant on this on this capital that they become blinded and folks don't forget. About survivor buys here? Survivor bias. I think probably the greatest example is. Anybody who. Hedge fund managers. I wanna be a hedge fund manager are already. I'll make it quick. You're, you're an absolute, you know, you're absolutely not paying attention to the survivor buys. They're the only ones you ever hear about are the big time hedge fund managers. You don't hear about the ninety, nine percent that didn't make same thing day traders gonna drop out from school day trader your about your one for that makes five thousand dollars three hours by trading today. You don't hear about. The person lost the kid's college fund..
"fund manager" Discussed on WIBC 93.1FM
"Three all right a very unique man seem to. Lab has some compelling ideas on this subject of measuring risk the seem to love is a middle. Aged man of, Greek, heritage, from, a, prominent family in Lebanon On an educated here in the United States he's an author. Scholar mathematics professor philosopher senior Wall Street trader and hedge fund manager? An expert on mathematical science, did you get all. That that's quite a mouthful isn't it and. Saying that, description hardly begins to describe him the seemed to lab is a formidable thinker and when he speaks. He draws large crowds his most famous books are the hidden role. Of chance fooled by randomness and the? Black swan the impact, of the highly improbable now you will not need to run? Out and buy these books and read them cover to cover although you could let me tell you what he. Has to, say, because, it, has, profound meaning, for you and me, and, profound, impact on, the ideas of the. Everyday investor. Telepath says we all placed too much weight on the odds that past events will repeat when. Unrepeatable chance is a better explanation do you assume that the markets will continue to always go up That any downturns or temporary that bull markets, continue forever or do you not. Even think about risks either way danger lies ahead to Lebanon argues that the markets do not factor, in risks that are not measurable and that most of the really big events in our world are rare unpredictable and not measurable these events when they happen usually have a. Significant downward, impact on the investment markets this is one of the very big reasons why we spend so much time encouraging you. To get off that train and shift the risk to someone else Shift, the, risk, to whom we work..
"fund manager" Discussed on WIBC 93.1FM
"Seven to three. Three all right a very unique man the seem to lab has some compelling ideas on this subject of measuring risks the seem to. Love is a middle, aged man of Greek heritage from prominent family in Lebanon and educated here in the United. States he's an author scholar? Mathematics professor philosopher senior, Wall Street? Trader and hedge fund manager an expert on mathematical. Science did you get all that that's quite a mouthful isn't it. And saying that description hardly begins to describe him The seemed to lab is a? Formidable thinker, and when he, speaks he draws large crowds his most famous books are the? Hidden role of chance fooled by randomness and the black swan the impact of the highly improbable now you will not need, to, run, out, and, buy these, books and read, them, cover, to, cover although, you could let me. Tell you. What he has to. Say because it has profound meaning for you and me and profound impact on. The ideas of the everyday investor telepath says we all placed too much weight on the odds that past events will repeat when unrepeatable. Chance is a better, explanation do you assume that the markets will continue to always go up that any downturns. Or temporary that bull markets? Continue forever or do, you not? Even think about risks either way danger lies ahead Argues, that the markets do not factor in risks. That, are, not, measurable, and that most of the really big events in our world are rare unpredictable. And not measurable these, events when they happen. Usually have a significant downward impact on investment markets this is one of the very big reasons. Why we spend so much time. Encouraging you to get off that train and shift the.
"fund manager" Discussed on TalkRadio 630 KHOW
"A very unique man by the name of naseem talib that's spelled t a l e has some compelling ideas on this subject of measuring risk mr talib is a middle aged man of greek background from a prominent family in lebanon and educated here in the united states he's an author scholar he's a mathematics professor a philosopher senior wall street traitor and hedge fund manager and an expert on mathematical science so did you get all of that that's quite a mouthful isn't it and saying that description hardly begins to describe him mr talib is a formidable thinker when he speaks he draws large crowds his most famous books are the hidden role of chance and fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it's it's really a profound meaning for you and me and profound impact on the ideas of the every day investor mr talib says we all placed too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation so do the markets will continue to always go up and that any downturns are temporary or that bull markets continue forever or do you not even think about the risks either way the danger is ahead so mr talafar us that the markets do not factor in risks that are not measurable and that most of the really big events in our world are just rare unpredictable and not measurable these events when they happen usually have great significant downward impact on the investment markets so this is one of the very big reasons why i spend so much time encouraging you to get off that train and shift the.
"fund manager" Discussed on KSFO-AM
"Are pretty good that we're familiar with your plan or the organization that is sponsoring it and we'll be able to give you some effective advice and there's another aspect about retirement plans and particularly investment management strategy that a lot of folks are unfamiliar with research affiliates just came out with a study looking backward over the past twenty five years of investment performance at more than four thousand mutual funds they took a look at the morningstar database over a two time periods the last twenty five years and the last ten years and they're trying to figure out what was the biggest drag on investment returns and it's not fees we've been talking a lot about fees here because obviously fees matter the more you paying fees the less you keep in your pocket that is kind of obvious but it's not fees that are the biggest drag on investment returns it's taxes and i think that's the pricing for most people by what is the best solution says the study atf's passive index type products they have efficiencies that lower funds tax burden and what we're not talking about here are the income taxes that you pay when you sell your investment i mean because that's a capital gains taxes and if you're in a taxable account you're going to pay taxes if you sell a mutual fund or an exchange traded fund that's just the way it works that's not what we're talking about here what we're talking about here is turnover rate meaning you own a mutual fund your mutual fund owns a whole bunch of stocks maybe it owns dozens maybe it owns hundreds maybe even owns thousands does your fund manager hold onto those stocks for years at a time or does your fund manager flip the securities during the year.
"fund manager" Discussed on 790 WAEB
"All right a very unique man naseem talib that's spelled t a l e b has some very compelling ideas on this subject of how do we measure risk naseem talib is a middle aged man of greek background he's a very prominent family in lebanon he's educated here in the united states so he is an author a scholar a mathematics professor a philosopher a senior wall street trader and a hedge fund manager and an expert on mathematical science did you get all that that's quite a mouthful isn't it and saying that description hardly begins to describe him mr tally is a formidable thinker and when he speaks he draws large crowds his most famous books are the hidden role of chance fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it has a very profound meaning for you and me and a profound impact on the ideas of the everyday investor mr tallied says we all place too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation so do you assume that the markets are going to continue to always go up that any downturns temporary or that bull markets continue forever or do you think about the risk.
"fund manager" Discussed on The Dave Ramsey Show
"Hyena how are you hello dave i'm doing good how about you better than i deserve what's up so i have a question about eft's we met with a couple of the financial adviser people and both of them recommended that we invest like their company only invest eft's they don't invest in mutual fund they said that the with the there's less fees with the mutual fund you're paying a fee to the neutral fund manager versus what they ese there essentially the same thing but like you get more money like a bigger return or whatever 'cause you're not paying that mutual fund manager she on your take on it you're also getting as good a return as you could get because any f t on ninety something percent of them are s and p five hundred the need an etf or other yeah i transpose to and i know what i'm doing it's exchange traded fund okay is what stands for almost all of them are s and p five hundred index and and if you want only by index funds that would be correct the advice you would be correct but that's called passive investing meeting you're gonna just ride what the market does whatever the market does you're going to do good or bad the mutual funds that i own have outperformed the market you can buy mutual funds that have long track records of doing better than the market okay so then etf is because he and they were actually saying that there's you know because we told them that we want the diversification and stuff and they said that there is you know it's international.
"fund manager" Discussed on Super Station 101
"So you see what he's doing here this democrat congressman talking about the tax cuts he bumped into a hedge fund manager on wall street so obviously a really wealthy dude and the wealthy dudes said i love i love these trump tax cuts man might pays going to go up ten thousand bucks a week man that will more than cover the cost of my yacht club membership thank you paul ryan i respond to that tweet and i said the following it's his money not yours he can do whatever the hell he wants to do with it this wealthy hedge fund manager tis money so because of the tax cuts he's making an extra 10 grand a week yeah that's a number i can't comprehend that that's like way out of my league but so what um he's a wealthy guy so what i don't know maybe he's a nice guy be the jerk doesn't matter that matter but it's his money and so now he's going to be able to keep an extra ten thousand dollars of his money a week he can do with it whatever he wants he can invest it he can start a business he can go by five more cars or he can join a yacht club but matter does it hey congressman eric swale well it's not your money that's what just so pisses me off about these democrats here you have a democrat rap complaining that a really wealthy guy but a really wealthy guy is gonna keep more his own money and he's going to spend it on a yacht club what would it when a just a resentful and these democrats are just so resentful i'm not resentful a rich people i'd like to be a rich people and by the way if if if he uses that extra ten thousand dollars a week to join yacht club good good for him good first family and good for everybody who works at the yacht club the people who work on the boats the people who work in the dining hall the in the restaurant the people who work in the kitchen there are not millionaires and billionaires those those people add that yacht club who worked in the kitchen i hit here's a a news flash two.
"fund manager" Discussed on Super Station 101
"The tax cuts he bumped into a hedge fund manager on wall street so obviously a really wealthy dude and the wealthy dude said i love i love these trump tax cuts man my pace going to go up ten thousand bucks a week men that will more than cover the cost of my yacht club membership thank you paul ryan i responded to that tweet and i said the following it's his money not yours he can do whatever the hell he wants to do with it this wealthy hedge fund manager tis money so because of the tax cuts he's making an extra 10 grand a week yeah that's the number i can't comprehend that that's like way out of my league but so what um he's a wealthy guy so what i don't know maybe he's a nice guy maybe the jerk doesn't matter that matter but it's his money and so now he's going to be able to keep an extra ten thousand dollars of his money a week he can do with it whatever he wants he can invest it he can start business he can go by five more cars or he can join a yacht club that matter does it hey congressman eric swale well it's not your money that's what just so pisses me off about these democrats here you have a democrat rap complaining that a really wealthy guy that a really wealthy guy is gonna keep more his own money and he's going to spend it on a yacht club what would it when a just a resentful and these democrats are just so resentful i'm not resentful a rich people i'd like to be a rich people and by the way if if if he uses that extra ten thousand dollars a week to join yacht club good good for him good first family and good for everybody who works at the yacht club the people who work on the boats.
"fund manager" Discussed on KFQD News Talk
"Do the conspicuous consumption may it would look bad i so into this conspicuous consumption void there was they used to be this big wine party which was thrown every year by this thing called the wind for and then they decided to cancel that because it looked bad and the moot ch heard about this and i know will i'll come in and do the conspicuous consumption by a gazillion dollars worth of incredibly expensive wine poor for all of my hedge fund friends then no one else is doing the conspicuous consumption things that i will stand out uhhuh so he did that okay i write about this party full my blog and i call it the most obnoxious party in davos because it was and he got upset at that and that was the festival he tried to find me they were furious at other times here so many times where people say to me like he's a hedge fund manager and i'm like well first of all a fund of funds is not hedge fund manager and second of all he's not managing the funds of funds so yeah he is he isn't a hedge fund manager and he's not even the fund of hans manager he is just an asset accumulated he goes on the television and tries to get his company's name in front of people so that they will give him the money we'll get back to our interview with feel examined in just a minute for now you are listening to jail on money and remember this is the program where money is not scary it's not boring we have a little bit of fun here you know and i'm a certified financial planner i meet in the senior cfp board ambassador and mark studying for his c of p what's it what module you in marker was done he's in his flick model figure seven he's almost done anyway we love taking your question so give us a holler 855411 jill sentencing email asked jill jill on moneycom and when we return more of our interview with felix salmon we'll be right back.
"fund manager" Discussed on 790 WAEB
"A domestic six disturbance zero near denver seven once they two were there three three they were met all with right gunfire a from uh the a suspect very unique douglas county man sheriff tony spare naseem lock suspect continued tie leave to shoot that spelled at all officers t a l for some e v time has some very compelling ideas on the subject of how do we measure risk now seemed tel aviv is a middleaged man of greek background he's very prominent family in lebanon he's educated here in the united states so he is an author a scholar a mathematics professor a philosopher a senior wall street trader and a hedge fund manager and an expert on mathematical science did you get all that that's quite a mouthful isn't it and saying that description hardly begins to describe them mr tell as a formidable thinker and when he speaks he draws large crowds his most famous books are the hidden role of chance fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it has a very profound meaning for you and me and a profound impact on the ideas of the everyday investor mr tell says we all place too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation so do you assume that the markets are going to continue to always go up that any downturns or temporary or the bull markets continue forever or do you think about the risk either way danger lies ahead until he argues that the markets do not factorin wrist that are not measurable and that most of the really big events in our world are rare unpredictable and not measurable these events when they happened usually have a significant downward impact on the investment markets and this is one of the very big reasons why we spend so much time encouraging you to get off that train and shift the.
"fund manager" Discussed on 790 WAEB
"All right a uh a very unique man naseem leave that spelled t a l e v has some very compelling ideas on this subject of how do we measure risk now seemed tally is a middleaged man of greek background he's rule very prominent family in lebanon he's educated here in the united states so he is an author a scholar a mathematics professor a philosopher a senior wall street trader and a hedge fund manager and an expert on mathematical science did you get all that that is quite a mouthful isn't it and saying that description hardly begins to describe them mr tallied as a formidable thinker and when he speaks he draws large crowds his most famous books are the hidden role of chance fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it has a very profound meaning for you and me and a profound impact on the ideas of the everyday day investor mr tallied says we all place too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation so do you assume that the markets are going to continue to always go up that any downturns or temporary or the bull markets continue forever or do you think about the risk either way danger lies ahead until leave argues that the markets do not factoring wrist that are not measurable and that most of the really big events in our world are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on the investment markets and this is one of the very big reasons why we spend so much time encouraging you to get off that train and shift their risk to someone else shift the risk to whom you saw you say while we work with billion dollar companies that will take the risk off your shoulders and.
"fund manager" Discussed on WTMJ 620
"A few minutes and today's cork rage i wanna talk to you about a huge problem going on right now all over the country with roe debt collectors i'm gonna tell you what they're doing and how to protect your wallet when one of them comes calling in waiter still few sitting right now you certain joel you're sitting right now get out get out no soothing i'll tell you why later this hour so while back i told you about a bet that was in progress the man who's considered to be the world's greatest investor of all time at least of modern american era warren buffett made about trough of the market who was through the market was actually in decline a decade ago during the financial crisis in all the problems over banking scandals and albert and he bare there was no way a buddy of his who was a hedge fund manager could be a simple and decks front there with all his brainiacs powers and the research staff and all that that he would not have even a tiny chance of beating and index front and you know these people hang an wealthy circles so did they make the bat for a dollar why can the movie trading places no they made a bet for one million dollars warren buffett was right the ten years is coming to a close and the hedge it the hedgy has conceded and let me tell you something hedge fund manager ted at a two percent return over the last ten years versus the end run of the most common when which is the five hundred largest stocks in the country at an average seven year percent return seven percent per year return.
"fund manager" Discussed on 790 WAEB
"Seven two three three all right a very unique man naseem leave that spelled t a l e v has some very compelling ideas on this subject of how do we measure risk now seemed tally is a middleaged man of greek background he's very prominent family in lebanon he's educated here in the united states so he is an author a scholar a mathematics professor a philosopher a senior wall street trader and a hedge fund manager and an expert on mathematical science did you get all that that is quite a mouthful isn't it and saying that description hardly begins to describe them mr tallied as a formidable thinker and when he speaks he draws large crowds his most famous books are the hidden role of chance fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it has a very profound meaning for you and me and a profound impact on the ideas of the every day investor mr tallied says we all place too much weight on the odds that past events will repeat when unrepeatable chance is a better her explanation so do you assume that the markets are going to continue to always go up that any downturns or temporary or that bull markets continue forever or do you think about the risk either way danger lies ahead until leave argues that the markets do not in wrist that are not measurable and that most of the really big events in our world are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on the investment markets and this is one of the very big reason evans why we spend so much time encouraging you to get off that train and shift the.
"fund manager" Discussed on 790 WAEB
"That's one eight five five five six zero seven two three three all right a uh a very unique man not seem to leave that spelled t a l e v has some very compelling ideas on this subject of how do we measure risk now seem to leave is a middleaged man of greek background he's very prominent family in lebanon he's educated here in the united states so he is an author a scholar a mathematics professor a philosopher a senior wall street trader and a hedge fund manager and an expert on mathematical science did you get all that that is quite a mouthful isn't it and saying that description hardly begins to describe them mr tallied as a formidable thinker and when he speaks he draws large crowds his most famous books are the hidden role of chance fooled by randomness and the black swan the impact of the highly improbable so let me tell you what he has to say because it has a very profound meaning for you nba and a profound impact on the ideas of the everyday investor mr tallied says we all place too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation so to you assume that the markets are going to continue to always go up that any downturns or temporary or the bull markets continue forever or do you think about the risk either way danger you're lies ahead until leave argues that the markets do not factorin wrist that are not measurable and that most of the really big events in our world are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on the investment markets and this is one of the very big reasons why we spend so much time encouraging you to get off that train and shift the risk to someone else shift the risk to whom you saw you say well we work with billion dollar companies that will take the risk off your shoulders and guarantee that.