36 Burst results for "fund manager"
Fresh update on "fund manager" discussed on Animal Spirits Podcast
"They're getting lucky for wing like you're not going to talk them out of that. It's such a bad position to be in because let's just. Say That these names do fall apart. You don't want to be like I. told you I mean, it's a no win situation. So maybe you try to help them have some sort of self discipline or stop loss or something that's the best you can do just so they don't get completely crushed. If this thing falls apart I would say that's good advice. The best you can do is hey. Listen I understand this is great is fun. You're making a ton of money but if you have this enormous gains at least put some sort of stop order and where you're not going to allow to go pass a certain level. So last week we spoke about my plumber and listen I'm not trying to be a Dick I'm not making fun of these people that are investing in the. Market these young traders that are learning and are potentially maybe take loss. I'm not making fun of them at all. That's not my intention I think this is terrific and some of the lessons that they're going to learn to see your invaluable. Well, some people take it too far. Obviously, it's more of a commentary on the state of the market. Then I'm not trying to dunk on these people. This could be tuition. So I look at it like this is like your brothers or sisters where. You can talk crap about them, but you don't other people too. So there was a story in Bloomberg last week and Seth Clermont who's this legendary Hedge Fund investor talk about how investors are being infantilized by the relentless fed activity and he said it's as if the Fed considers foolish children unable to rationally set the prices of security. So much intervene when the market has a tantrum benevolent fed as a soothing. Yet enabling response then he goes on and says as with thirty year olds living their parents basement. We can only wonder whether the markets will ever be expected to make it on their own, which is just a jerk thing to say it's very condescending. This makes me WanNa like totally defend the day trades. You know what shut up just because you've been wrong get out of it you manage billions of dollars. A year you're rich, just what you've been wrong about the Fed for like ten years leave him alone. So that's the thing where I wanna like talk sends people we also want to be like you know what they're paying tuition into the market. God's right. Now let them do it whatever what's the average councils Robin Hood couple thousand dollars probably let's say it goes to zero for some of these people they're. GonNa. Take away lessons from the editor hard to quantify if you're a hedge fund manager managing hundreds of millions or billions of dollars, why do you care about Robin Hood right leave it alone. Right. It shouldn't matter to you now if you have a podcast like Oh yes, I love the stories are amazing. All right. So last week I spoke about my plumber so he sent us a proposal for the work One night, I guess it was Wednesday night and then Thursday he called my wife and said, hi, can I please speak to your husband? I got on the phone Robbins like Michael. Name wants talk to you. Sound like, Hey, how's it going? Man I bought Kodak yesterday at nine dollars I was going to call you but I figured you were busy. You know I bought it at nine dollars yesterday I sold at twenty I know it's a fifty seven but I didn't want to be greedy. Twenty see. This. Good for him, and by the way, he literally hung up the phone. With me without even asking what I thought of the proposal actually called me to talk about Kodak. That's great. So they said last week Kodak Attracted Forty Three Thousand Robinhood traders and twenty four hours. They signed some weird government contract where they're going to get into the pharmaceutical business which. I don't know makes zero sense to me. I said on twitter you could have told me. Kodak isn't the first thing you think of vaccine I said, you have told me Kodak went out of business twelve years ago and I would not have been shocked which apparently they almost did they went bankrupt thirteen years ago and started over again. This is obviously a huge story last week. So what happened was as far as I gather is that the local news in Rochester released the story on Monday and then the volume that day was like times what it is on the average day the stock gained twenty five cents a day and then they deleted the story they deleted the tweet that was that was Monday yeah. That was on Monday and then on Tuesday the news officially became public. So people were up in arms about insider trading and and that part of it didn't really necessarily. Bother me because it was dumb released by I don't WanNa say dumb like it was the journalist fault I don't know how that got released and deleted. That's obviously incredibly bad corporate stewardship like that should clearly be disclosed one time for everybody to see what Piss people off was the fact that at the beginning of the week, they had their chief executive one point seven, five, million dollars of stock options that went to fifty million dollars in forty eight hours and that is some horrendous stinky lousy bullshit yes. Here's the difference between now and the nineties. Now because of social media and read it and all these different networks we can talk. Doesn't seem like everything when the speculators happen to these tiny bankrupt or whatever. Stocks. that it seems like it's more planned out and it happens all at once like a swarm of bees whereas in the past people were kind of doing it themselves and flinging money peos and stuff. It just seems like there's some thought being put into the speculation. That's what I've been trying to get. It's like a swarm of bees or absolutely right. There's zero time between information release and this but I, think this is horrible. This is crony capitalism at its finest and I don't know what the connection is exactly between the execs at Kodak and the administration. But again, he got one point, five million dollars stock options two days before this news released that is. Enough to get anybody. Incredibly.
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.
Hedge fund Chatham plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control
"News Room. Hedge fund manager Chatham Asset Management has emerged as the winner in a bankruptcy auction for McClatchy Company. That ends 163 years worth of family ownership for the newspaper chain. The sale announced by McClatchy today must be approved by the judge overseeing the bankruptcy. McClatchy publishes some 30 daily papers, including The Miami Herald, The Sacramento Bee in the Kansas City
Shared Plates: How Eating Together Makes Us Human
"Well? We know that eating together connect people and we. We know that that has been to forever. L. At Fischbach is professor of Behavioral Science and Marketing at the University of Chicago and she's been studying different ways in which eating together affects us as we're doing it. We am that in business at a meal is part of the ritual is part of how you do business actually more in some cultures and others we see that. In order to start partnership in order to reach agreement. Food is volved often. We get together to to Sharon meal. We connect to other people so a meal. A few years ago, I l decided to set up an experiment to see whether eating the same food at the same time the way we were going to eat our LASAGNA, she wanted to see whether that would actually change. Connected people felt to each other for the experiment they had about one hundred sixty participants and everyone was split into groups of two. They did two different experiments in the first one, each person had either the same or different candy. The options were butter. Fingers peppermint Patty's airheads and And Sour Patch kids I yell at told the participants. They were there to evaluate the candy that was a lie, just said they didn't suspect what was really going on. And then after each pair eight, their sugary treats. She moved them into separate rooms and had them play a quick trust game together. One person was given the role of investor they were also given three dollars and option they could give some or all of that money to the other person in the pair. That person was playing a fund manager. One thing the investor knew that whatever they gave to the fund manager would be doubled. What they didn't know is whether they're good. Old Candy Partner turned fund manager would choose to give some, or even any of that money back remember. They were in separate rooms and they couldn't talk to each other. That fund manager could keep all six bucks than the first person would end up losing everything. Or they could give money back to the investor Douay both end up with something so this test. How much the investor trusts this new person they're partnering with. Eating the same or different candy effects that trust that people who had the same food I gave almost double of the mining case those who were eating similar foods on every day gave about the dilemma in half to their partner, hoping that the park now will reciprocate. Though Zoo, a similar foods that jumped to almost two and a half stone also support a substantial effect, so yeah, eating the same candy together at the same time seems to have made these strangers trust each other enough to risk giving more money for her next experiment I. Yell at wanted to test whether eating the same thing also made people able to work together better, so she gave partners either a salty snack or pretzels or a sweet snack of 'em's. 'EM's some pears had the same snacks. Some had different ones again. She told them they were evaluating the snack, but afterwards she gave them a quick roleplaying game where one was the manager on one was the Labour leader, and they needed to end a strike, those who had that same food to sway, and a half rounds of negotiations to which in agreement and those that had this similar foods to can more than seven months of negotiations, so negotiations was. Twice as long so this is intriguing. It looks like let's experiments show that if people are eating the same thing, they've trust each other more, and they work together more effectively, but does the link between the two people have to be food, or would you see the same effect if they have something else in common Let another experiment to test exactly that she had people look at two different photos each showing a different model, the models in the photos were the same gender raise even. Even had the same hair color in some of the pairs of photos, the models also wore the same color shirts and other pairs of photos. The models were eating the same food, and then I'll at asked the participants in the study to judge how similar the people in the to photo seemed gay, so you Edo see pictures of people that are dress kind of the same or eating similar foods and people in fail for this pictures that the people with similar foods are probably fines. They don't do that for people dressed in a similar way. They don't use the cues in the same way as what if I? See you eating the foot that I'm meeting I think that Oh are we have something in common we can connect. Your will probably like me. I already like you, so sharing food clearly has a significant impact on how we relate to other people i. mean the same color shirt didn't have the same effect as eating the same food, so there's obviously something unique and powerful about food, but why at least? Know in our modern society. It's a bit of leftover late. It's there. Incidentally. It's not I shouldn't care about what you eat. It's not actually a great cue that we would get along at is kind of left over from the times when people will chewy connecting over foot consumption more than anything
Shared Plates: How Eating Together Makes Us Human
"Samir Threat is author of salt, fat acid heat. She's been on the show before to talk about charbonnet. Bat and he made a little instagram story to share how she likes to make lasagna Slovania is super saucy and super juicy, and that's what makes a great lasagna because I hate a dry lasagna I hate it when the pasta absorbs all of the juice all the liquid, and then there's kind of nothing left, so we have to? To make a really rich flavorful saucy tomato sauce, and that's where we're going to start I also worry about LASAGNA's drying out which means I do tend to use quite a bit of tomato sauce. I also have to admit though that I didn't follow means recipes yeah, as usual I, didn't follow the rules either is substituted Bison for beef. I added a Kale and should tacky layer. That was basically all over the place. I Ashley Belanger. Now former intern played by some means rules time to make. Is the sound of melting. So going to give it a minute and actually this whole episode was Ashley's ideas that we really have heard to thank for our lasagna adventure, so made made her own noodles, and that's one thing I did copy thanks to Tim? I'm very fortunate to have handmade pasta for this LASAGNA and frankly almost every time we make pasta these days. Nice Long Strip that I'm just take down to. Kind of medium thickness. I think beautiful holy. Ashley did the know boil stuff you buy in the packet? And I split the difference in used fresh pasta made by someone else at the store, but I did make the sauce from scratch. Definitely not design your whether in Los Angeles might. But the stove on. Seem as that heats up. I will add the onion. In here two hours later is my bullies sauce. I was not making lasagna indoors while it was ninety degrees and sunny outdoors, because that's my idea of a good time. Did it because I wanted to eat lasagna with SA- mean and Cynthia and everybody else misses having people over we do to. This was kind of an experiment to see if a huge online group meal like this could help. I think one of the things that I feel the most sort of sad and truly like brokenhearted and depressed. About is the sort of unspoken moments of being together. It's not the grand stuff. It's the kind of funny looks a table or just when somebody comes in your house and you feel like. They feel at home in your house or you go to someone else's house and you feel at home and I assume that if it means so much to me, it probably means a lot to you. It does, but is there any science by not feeling? Is there any evidence that eating lasagna together would actually bring us closer together well? well? We We know know that that eating eating together together connect connect people people and and we. We we. We know know that that that that has has been been to to forever. forever. L. L. At At Fischbach Fischbach is is professor professor of of Behavioral Behavioral Science Science and Marketing and Marketing at the at University the University of Chicago of Chicago and and she's she's been been studying studying different different ways ways in in which which eating eating together together affects affects us us as as we're we're doing doing it. it. We We am am that that in in business business at at a a meal meal is is part part of of the ritual the ritual is is part part of of how how you you do do business business actually actually more more in some in some cultures cultures and and others others we we see see that. that. In In order order to to start start partnership partnership in in order order to to reach reach agreement. agreement. Food Food is is volved volved often. often. We We get get together together to to to to Sharon Sharon meal. meal. We We connect connect to to other other people people so so a meal. a meal. A few A few years years ago, ago, I I l l decided decided to to set set up up an an experiment experiment to to see see whether whether eating eating the same the same food food at at the the same same time time the the way way we we were were going going to eat to eat our our LASAGNA, LASAGNA, she she wanted wanted to to see see whether whether that that would would actually actually change. change. Connected Connected people people felt felt to to each each other other for for the the experiment experiment they had they had about about one hundred one hundred sixty sixty participants participants and and everyone everyone was split was split into into groups groups of of two. two. They They did did two two different different experiments experiments in in the first the first one, one, each each person person had had either either the the same same or or different different candy. candy. The The options options were were butter. butter. Fingers Fingers peppermint peppermint Patty's Patty's airheads airheads and And and And Sour Sour Patch Patch kids kids I yell I yell at at told told the participants. the participants. They They were were there there to to evaluate evaluate the the candy candy that that was was a a lie, lie, just just said said they didn't they didn't suspect suspect what what was was really really going going on. on. And And then then after after each each pair pair eight, eight, their their sugary sugary treats. treats. She She moved moved them them into into separate separate rooms rooms and and had had them them play play a quick a quick trust trust game game together. together. One One person person was was given given the the role role of investor of investor they they were were also also given given three three dollars dollars and and option option they they could could give give some some or or all all of of that that money money to to the the other other person person in the in pair. the pair. That That person person was was playing playing a fund a fund manager. manager. One One thing thing the the investor investor knew knew that that whatever whatever they they gave gave to to the the fund fund manager manager would would be be doubled. doubled. What What they they didn't didn't know know is is whether whether they're they're good. good. Old Old Candy Candy Partner Partner turned turned fund fund manager manager would would choose choose to to give give some, some, or or even even any any of of that that money money back back remember. remember. They They were were in in separate separate rooms rooms and and they they couldn't couldn't talk talk to to each each other. other. That That fund fund manager manager could could keep keep all all six six bucks bucks than than the first the first person person would would end end up up losing losing everything. everything. Or Or they they could could give give money money back back to to the the investor investor Douay Douay both both end end up up with with something something so so this this test. test. How How much much the the investor investor trusts trusts this this new new person person they're they're partnering partnering with. with. Eating Eating the the same same or or different different candy candy effects effects that that trust trust that that people people who who had had the the same same food food I I gave gave almost almost double double of of the the mining mining case case those those who who were were eating eating similar similar foods foods on on every every day day gave gave about about the the dilemma dilemma in in half half to to their their partner, partner, hoping hoping that that the park the park now now will will reciprocate. reciprocate. Though Though Zoo, Zoo, a a similar similar foods foods that that jumped jumped to to almost almost two two and and a half a half stone stone also also support support a substantial a substantial effect, effect, so so yeah, yeah, eating eating the same the same candy candy together together at at the same the same time time seems seems to have to have made made these these strangers strangers trust trust each each other other enough enough to to risk risk giving giving more more money
How Eating Together Makes Us Human
"Samir Threat is author of salt, fat acid heat. She's been on the show before to talk about charbonnet. Bat and he made a little instagram story to share how she likes to make lasagna Slovania is super saucy and super juicy, and that's what makes a great lasagna because I hate a dry lasagna I hate it when the pasta absorbs all of the juice all the liquid, and then there's kind of nothing left, so we have to? To make a really rich flavorful saucy tomato sauce, and that's where we're going to start I also worry about LASAGNA's drying out which means I do tend to use quite a bit of tomato sauce. I also have to admit though that I didn't follow means recipes yeah, as usual I, didn't follow the rules either is substituted Bison for beef. I added a Kale and should tacky layer. That was basically all over the place. I Ashley Belanger. Now former intern played by some means rules time to make. Is the sound of melting. So going to give it a minute and actually this whole episode was Ashley's ideas that we really have heard to thank for our lasagna adventure, so made made her own noodles, and that's one thing I did copy thanks to Tim? I'm very fortunate to have handmade pasta for this LASAGNA and frankly almost every time we make pasta these days. Nice Long Strip that I'm just take down to. Kind of medium thickness. I think beautiful holy. Ashley did the know boil stuff you buy in the packet? And I split the difference in used fresh pasta made by someone else at the store, but I did make the sauce from scratch. Definitely not design your whether in Los Angeles might. But the stove on. Seem as that heats up. I will add the onion. In here two hours later is my bullies sauce. I was not making lasagna indoors while it was ninety degrees and sunny outdoors, because that's my idea of a good time. Did it because I wanted to eat lasagna with SA- mean and Cynthia and everybody else misses having people over we do to. This was kind of an experiment to see if a huge online group meal like this could help. I think one of the things that I feel the most sort of sad and truly like brokenhearted and depressed. About is the sort of unspoken moments of being together. It's not the grand stuff. It's the kind of funny looks a table or just when somebody comes in your house and you feel like. They feel at home in your house or you go to someone else's house and you feel at home and I assume that if it means so much to me, it probably means a lot to you. It does, but is there any science by not feeling? Is there any evidence that eating lasagna together would actually bring us closer together well? We know that eating together connect people and we. We know that that has been to forever. L. At Fischbach is professor of Behavioral Science and Marketing at the University of Chicago and she's been studying different ways in which eating together affects us as we're doing it. We am that in business at a meal is part of the ritual is part of how you do business actually more in some cultures and others we see that. In order to start partnership in order to reach agreement. Food is volved often. We get together to to Sharon meal. We connect to other people so a meal. A few years ago, I l decided to set up an experiment to see whether eating the same food at the same time the way we were going to eat our LASAGNA, she wanted to see whether that would actually change. Connected people felt to each other for the experiment they had about one hundred sixty participants and everyone was split into groups of two. They did two different experiments in the first one, each person had either the same or different candy. The options were butter. Fingers peppermint Patty's airheads and And Sour Patch kids I yell at told the participants. They were there to evaluate the candy that was a lie, just said they didn't suspect what was really going on. And then after each pair eight, their sugary treats. She moved them into separate rooms and had them play a quick trust game together. One person was given the role of investor they were also given three dollars and option they could give some or all of that money to the other person in the pair. That person was playing a fund manager.
Man who shot video speaks out about Central Park Woman
"A black man who took video of an argument he had with a white woman in Central Park is Christian Cooper he tells CNN her behavior was definitely racist but she doesn't deserve the death threats that she's been receiving on social media I know I've had to deal with a lot of messaging and the messaging aimed at her it's been in her quite significant so I can see where that would be a little startling and some of the messaging I'm told has been dental Brenda and that is wholly inappropriate and abhorrent and should stop immediately this agreements are placed in the ramble section of the park Cooper is a burger and board member of the Audubon society he advised Amy Cooper no relation that she needed to keep your dog on a leash in accordance with the law she told her brother that she was going to call the police and say that he was assaulting her she did Amy Kober is apologized but has been fired from her job as a fund manager at the financial firm Franklin Templeton the New York City commission on human rights says it's launching an investigation into this Brooklyn borough president Eric Adams is holding a briefing today to call on the NYPD to make false reports against black men more
Hedge Funder: Shut the markets down
"Fund manager. Hire Bass says it's time to shut the stock market's down when we all know we're going to get to the other side of the problem is every single day we're going to see worse and worse news until we hit peak consumption
Crude (Oil) Realities; Italian Lockdown
"Reality in crude prices. And you don't see moves like this very often. The global price of oil plunged today falling after OPEC failed to strike a deal with Russia. Over production cuts that means the cuts? Currently in place will likely expire at the end of the month giving oil producing countries. Free rein over how much they pump on Saturday. Saudi Arabia slashed its selling price for April and the kingdom is preparing to raise its production as you'd imagine big oil companies like Exxon and Chevron here in the US started trading lower and this pressure caps off two weeks of volatility in the US markets. This is a situation where you had OPEC and Russia who had the OPEC plus as they call it. Who had been cooperating for a long time Finally Russia said forget it. We're not going along with this far. The Saudis are saying. Just stick it to us. Well stick it to everybody. We're GONNA punch off the money and show but but nobody's swing producer if anyone is it's not Saudi Arabia anymore. Nope that's what I'm saying. I think they just stick it to us. I think it's weird is it. This is supply but it was caused by by the the specter of demand. Right going down so but this is definitely supplying everything. We're talking about. China all of it is supply components and demand components though what you've been watching a WTI up to this point had been completely the demand and the concern about how demand is looked at thirty percent drop is purely so Saudi look at where we rushing firm amazing and someday we'll look at it and it's not a silver lining but man things are going to be cheap to pump pretty soon Quick though no it's not it's a reflection of demand globally which is gonNA fall but it's also that there is a supply people were saying it's tougher transition to all your stuff with thirty two dollar oil people guy tougher to transition to all the stuff with stocks down pressure on demand. Precedents apply pressure on everything. I mean you could argue all of our conversations were I don't want to say and market bubble conversation but when when things are going well you can you can change and things are not going to spend all of this money for carbon tax car and everything else that goes along with with Delta. When you're watching demand call eight hundred percent. I mean you know this is real in. It's bad and it's real bad but the end of the world only happens usually once. I think it can only happen but we are. You know. There's going to be some things on the shelves where you're like. Wow I can't have that anymore and so that that are like wait. I can't eat here. There's no Vegan stuff I mean that may become less important as we go all this stuff. That millennials have. Oh my God. I can't log into my APP. My my life is ending all these things. I mean. We've had pretty good for a while and I'm not saying we're not going to but I think the next couple reality. I bought a few things. I admit in you from hoarding yet. I pop Dongfan a lot of dogs through that really quickly not us were. We're GONNA talk about what's happening in Italy but I think I don't want to say that's coming here soon but I think they don't become here's your right. I saw a South Korea mortality rate where they have the best testing and the best mortality rate in. Its point six five. They're testing has been pretty phenomenal right. So it's somewhere between point one and one point zero. It's not three point two. Which would really Neil Ferguson? If you look at the numbers look you have to remember that? You're you're also looking at an area where people can get a lot of healthcare it. I think the higher incidents are in areas where they don't have the same sort of quality of some Germany how many how many out very few injuries
Extreme market volatility is here to stay
"It's time to business now with the financial analysts Lewis Kipah. Good morning to you. Louise Good Morning. Gene Wilder volatility in the stock market. Yesterday tell us more about that. Yeah seems extraordinarily stock markets in the US. Close fool percent lower yesterday yet. Another crazy day. They were up six percent Monday. Tuesday Wednesday over Monday was a huge day. Oh she's a with a huge day down when staying with another huge out says they know the huge day down extreme volatility the likes of which we haven't seen since the great financial crisis so the question is what is this telling us what it's telling us is no one has a clue how the virus pays out we just don't know we know that the virus is spreading incredibly quickly. Just look at the number of people infected. Just look how quick pit spreading around the world but this sort of financial and economic data is taking. You know we'll take a long time to catch up having said that we all seen companies. You know warn about profits and Goldman and J. P. Morgan the two massive American banks this week And we have You know we know some sectors you know we talk about transportation and travel and Alan Industry the U. The US transport index shows. You quite how much you know airline stocks etc Phoolan. That's bound a twenty cent. We have a An airline industry expert record. This is GonNa hit the Allen Industry something like global industry something much of a hundred billion dollars office than starting to get the secondary and tertiary effects. You know we had TV the big UK booed cost yesterday saying but not suppo- unsurprisingly This thing in advertising and And in eight pool that thing advertising down ten percent so we know the Allens all flying though share prices are being hit but like I said we're starting to see the ripple effects through the economy. I'm not yesterday was a big shock to walk his shelves in it. For example percents. So you know in a way. The extreme volatility of the stock market's tells us the everybody doesn't know how important how significant is far. It's GONNA be And McConnell the governor of the Bank of England has been assessing how it will hit the UK economy. Yes and it was really interesting about this scene. The Federal Reserve in states emergency rate cut earlier this week. Also percentage point if you look at what the markets are expecting best adjusting. Federalists make next week as well for home. One percent interest rate cup in literally a week. Now you know and I and you're seeing central banks. Whoever the world solar that lead and yet bizarrely the Bank of England were you kind of like no no. We'll wait wait to see what the data says. Well to be honest. It's GonNa take quite some time for the economic data to catch up with the you know the very fast spreading corona virus. I mean to be fair. Connie is on his way out and we won't have any bank having the governor very very soon so maybe you know that's the point we see The Right Cup but it is quite strange that he's he's not following. What central bankers all around the world to doing Let's have a look at OPEC because announced a large production cut to support oil prices but But if a problem there with Russia soon so so oil is like a folksy for the global economy right okay. Oil used in so many ways. It's the all twice is sort of like a prop demand for oil is approx proxy the economy. So what if I told you I told you the lines? Cutting flights people are flying around the world. I'm surprisingly well. What planes us? Hey Ben jet failed. You know what we know about. You know people working from home and not getting mad cows or they're not driving to work that means less Petuous using 'cause all be things oil demand. Okay so you see the oil price cops twenty percent OPEC meeting yesterday and today. Down desperate to cools the oil price to go up heads. The Production Co. Quite a big production. Koch One and a half million barrels of oil a day but Russia thought ice came to go to to be on board. So you've got the internal politics of OPEC. The Saudis versus the Russians desperately trying to force a production Co. on Russia solace about it because they are profitable Russian oil businesses profitable as much oil price. And so so you in sort of in the background. Everything that's going on can economically. You've got this political squabble inside OPEC which could mean though I'm no production cuts a tool and not contain oil price guys. That for many of us may fill our cars. After the country pub dot would be a really good thing but It just shows a fan the ramifications of the corona virus geopolitically as well as economically Yup and finally though there is one hedge fund boss who is trying to keep the oil market going by putting his His employees into cars. Oh honestly I would swear I'm program but I don't want you to so I would just say who wrote some okay. So millions of people use the cheap everyday public transport. You do I do Georgina. I'm washing my hands. All these more regularly but you know. I'm still grazing with sheep. I think I'll be fine. You Know Corona virus spreads very quickly. It's not like the current events ties about three percent of people get the hardest is. Many people even have the virus with very very mild if no symptoms tool so even if you get a rotavirus it's not necessarily GONNA make you extreme meal. Everybody types of flus every so you know. I think we'll start to be using the Chew House. No one hedge fund manager. Who frankly they're the people that traveled the world all the time and the people he probably bought by Roy Device to the rest of us because what family skiing trips to northern Italy is to bring it up for the rest of us but no they can no longer that you use the youtube this toll victims because if the miniscule risk that they might get great advice and they don't want it to be brought into the office it's like it's like a little spurning the great. Tom Washed everybody else. All the other millions of ordinary Londoners. Who's the Champ Frank? What company refused to diffuse to take trab? Keep going on the cheap pretty short to do that. Without referring doubt it's written in the contract. Louise thank you very much
Hedge-Fund Billionaire's Deal for Mets Collapses
"Baseball commissioner rob Manfred saying the cell the Mets appears to be off the table met CO Jeff will pond reporter the attempted to change the terms of the deal which value of the franchise a two point five billion hedge fund manager Steve Cohn was to purchase an eighty percent stake in the team however Manford telling reporters will pine may have been trying to stay on in the front office capacity leading to the deals collapse the next report we have hired their next team president sports agent Leon rose is being brought on board that according to ESPN fifty nine year old previously working for
How to Repair Your Image: An Online Makeover
"When there's news about a person or company good batter ugly? It usually ends up online but new reporting from the Wall Street Journal shows that some of the wealthiest Americans have found a way to scrubbed their images online getting rid of the bad stuff and replacing it with more flattering coverage reporter. Rachel Levy of the Wall Street Journal joins us to explain. First of. We'll ritual how did you come across the story so I cover hedge funds for the Wall Street Journal and I had been researching one of the subjects. It's actually in the story and started noticing some websites that drew my interest out. I was looking on Google. And that's sort of how this began this lead you to an Austin in Texas based company called Status Labs. What exactly is the service that they're offering their clients to status labs is online reputation management company? Their external lawyer. We are sent us a letter indicating more about what they do and what they told us in what they were we have in we put in. Our story is a single false. Accusation can cause permanent damage damage to a person or a company's hard earned reputation. This imbalance of power has made the first page of Google. I and oftentimes the last impression for individuals and companies The where continued attended on to tell us that fifty five satisfied employee's US quote variety of proprietary methods which are always evolving to help clients disseminate positive and truthful information about themselves themselves online. The first part of your story deals with Jacob Gottlieb who was a hedge fund manager is used the services of status labs to scrub his image Jacob Gottlieb. The league ran a large hedge. Fund called Victim Asset Management. A few years ago. It had several issues that came up one of its money. Managers was accused of insider insider trading and died by suicide a few days after he was charged Mister Gottlieb's former brother-in-law go into legal troubles as well and his on effectively leap was forced to shut down about a year ago or a little more than a year ago he was considering raising money again for Hedge Fund and and my understanding is that last year he also hired this reputation company status laps any paid thousands of dollars to do this cracked. Did it work. As far as GOTTLIEB's attempt to rehabilitate his reputation several websites featured Mister Gottlieb. After he hired status ops so he would search for his name on Google. You would come across these websites that appeared like news outlets but we're not actual news outlets google news in particular was featuring several of these of these websites until I called and asked about them and Google news took them down. They said that several of these websites didn't meet at standards over Transparency and he also tried to rehabilitate his image in the form of highlighting his donations. His philanthropy correct so several of these articles. When you read through them the the bulk of them there are overwhelmingly positive and fathering they would tout his investment acumen his charity and in one case found on a website called Medical Daily Times? It said that he had donated to initiative. Nyu when I called NYU. They said That he actually hadn't donated to that initiative Though he had donated to other initiatives that at the school though. Interestingly when you call that website pizzeria entire onto was Was the the number that picked up. That's funny Pizzeria Rian Toronto. Yeah and then. The author of that particular article had a photo that was actually A Canadian theatre actor and then when I tried to meets the candidate theater actor has publicist told me that I had no idea. has his photo was being used. In this way Rachel talk about wikipedia. which was started by status labs co-founders because that figures into this as well so i? The CO founders of satisfieds pre ran a company called wikipedia which was banned effectively by Wikipedia by the organization that is overseeing wikipedia Several years ago and going forward and to today's status labs one of the services that they apparently have provided to some their clients. Is wikipedia edits. Now that's not a problematic history on its own But you can't go in there without their permission Kenya well. They could use a free encyclopedia so I could create an account. And and and and and edit it but I have to disclose wants me to disclose if I am working on behalf of somebody if I if somebody's paying me to edit their page I am I am supposed to under wikipedia is rules to disclose that what were some other more notable clients of. There's some fairly familiar names here. According to my reporting status ops provided added services to several notable people or companies one of them is now education. Secretary Betsy Devos. There's another large Hedge Fund Citadel L. Massive Hedge Fund On Wall Street received wikipedia edits and And also the owner of thoroughness of the defunct company. Well Theranos the company. Leave Rachel. Have you had any responses from the people that you report it on in your story namely Jacob Gottlieb Betsy Devos or theranos else so Jacob Gottlieb when I asked him about status labs. He said that he hired them to help him. Watch his new venture and then in relation to generally speaking but also to The website that featured information about him about NYU donation. That wasn't accurate. He told me nobody would make an investment based on a no-name online online blog. Although he did say that it's helped his reception on tinder the dating APP. Betsy Devos I didn't get to speak with her but her spokesperson at Advocation Department said that it doesn't sound like the Department or the secretary of a relationship with status labs and didn't respond other questions that I sent an S. for Theranos I tried reaching Elizabeth homes as attorney As well as other attorneys and I could not reach them. What's the bigger picture here? Rachel in the age of disinformation. You know this story about manipulating Google's Algorithms and wikipedia entries and essentially getting away with it despite regulatory scrutiny. What's what's your biggest takeaway from this story? My biggest takeaway is. Is that despite many efforts to make it easier for us to find information online regular information online there are still ways for websites they can masquerade as news outlets to appear online. Avoid Google's detection even appear on Google news which is a source of information for many Americans and I think I think think it raises a lot of questions Wall Street Journal reporter Rachel Levy. Thanks for joining us. Thank you for having me.
Jeffrey Epstein, Jessica Leighton And Metropolitan Correctional Center discussed on Total Information PM
"There's a major personnel shake up at The New York jail where hedge fund manager Jeffrey Epstein apparently killed himself while awaiting trial on sex trafficking charges WCBS TV is Jessica Leighton has details Attorney General promised a thorough investigation and this is really just the tip of the fallout from this apparent jail cell suicide the department of justice confirming late this afternoon the two guards who were supposed to be keeping a close watch on Jeffrey obscene had been placed on leave and the warden of the metropolitan correctional center has been reassigned at least temporarily a source tells CBS news that the FBI has begun reaching out to begin the process of interviewing officers and staff at the metropolitan correctional center in Manhattan as part of its investigation into Epstein's death the source said the FBI also wants review video from cameras in the unit were Eckstine was
Bernie Madoff asks Donald Trump to reduce 150-year sentence
"Bernie made off currently serving a one hundred fifty year sentence after pleading guilty to one of the largest Ponzi schemes is asking president trump to commute his sentence ABC's Michelle Franzen has more it's been a decade since Bernie made off began serving his sentence at a federal prison in North Carolina now the eighty one year old is asking the trump administration to reduce his one hundred and fifty year sentence the justice department confirming made off request made off pleaded guilty to eleven federal crimes including fraud the former hedge fund manager bilking clients out of billions of dollars of investment funds his case is considered one of the largest Ponzi schemes in history made off is not asking the president for a pardon instead hoping that the president will commute the remainder of his prison
"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.
An Interview with James Rickards, Financial Forecaster and Author
"But again tonight we're talking with James records he's an author and a financial forecaster his website is James Rickards project dot com you can go there to get a lot of information about his work including all of his books he's got several to his name we're talking about after mass seven secret seven secrets of wealth preservation in the coming chaos other books that Jim is written the road to ruin the death of money the new case for gold currency wars and Jim these books that some of these books kind of all our our current commit companions to one another I think that's right the for the for the ones you mentioned JV so currency wars the death of money the road to ruin and aftermath are actually the International Monetary quartet so it's kind of volume one volume two line three vying for now don and ma'am what other books but this this quartet suit she could you have come in the box set as it were any resemblance to the four horsemen of the apocalypse is strictly intentional they they go together but what they do is they form a chronology your crown log of the of the decade following the the financial crisis now they go back in history talk about a man I would go back to Charmaine he was inventive Q. eighty on that in the a sentry a D. he switch from the goals as the summer standards we can increase the money supply this is a lot of history you know certainly through Bretton woods and they Kerr source or in the twentieth century they bring the story forward go through them for gnocchi Janet Yellen now J. pal bring a completely up to date there's a lot of the new book aftermath about that obviously the trump administration trump budget so forces so they do pull together but the US to stand on their own aftermath being the latest volume is in some ways cumulative it picks up a lot of the material in the in the early last please see basically just follows this this ten year story this road we've been on then you know you were asking earlier about the what I call the coming chaos or a new financial crisis and what's gonna check with with us going to be like so I mean we so we talk so far about the week we cover yes we had a recovery position very weak we said that the fed is not ready for the next crisis because they never got their balance sheets back to normally never got interest rates back to normal so they put out the fire a little bit two thousand eight two thousand nine but they're not ready for the next one and we talked about the debt the debt overhang as an impediment to grow so we can't grow our way out of it we have that much that you'll have three choices you can to fall well we're not gonna talk as we can print the money you can grow your way out of it but when I get in the growth we've seen that and also the debt is an impediment to growth the third way on the one I expect instant again the American way is inflation now we'll have much inflation right now and we haven't for the last ten years but it's the only way out mathematically and historically so you know get ready for it'll be that I would say it's a sad day when the central bank once inflation and they can't get it but they will keep trying and eventually get there but so then the question well what else is out there what else is on the horizon it is going to trigger prices are emerging about we're describing the first big thing and I think investors are are pretty familiar with us the so called passive investing indexing was that male about forty years ago Jack Jack Bogle invented the the index on then it basically says you can't beat the market in the stock market goes up it goes down but you know unless you're a real insider you you can't beat the market and if you try you're probably gonna buy high sell low and lose money so what you should do you should match the market put your money in the fund that just duplicates the market and go along for the ride you will be absent ounces you hang on long enough buy and hold eventually it'll go up to make money the trees are less and that's the way to go well it's a little bit I analogize this to I Miskito landing on the back of a no offense what happens when the skater lands on offense will miscues gets a good meal and they often doesn't notice as delta doesn't notice a single mosquito what happens is a million Myskina's land on the elephant well the answer is the elephant dies in other words the miscue is a parasite disagree rider one or two or even a somewhat large number can get the free ride but there comes a time when you kill the elephant we're now at that point department terms of the S. investing index funds so called exchange traded funds or ETFs are just manning and excellence of a smaller index of stocks but there is the basically the same thing all of these funds and and we're talking trillions of dollars now way over fifty percent of all the best in the stock market our free riding on home who's who's the elephant and just about all the metaphor we open as the active investor the investor comes and you know does a somewhere does this research looks upon the miles and says I'm going to buy the stock or sell that stock at center and your capital committed when you're the active investor you're committing capital taking risk you're engaged in what's called price discovery and the pass upon this free riding on you the year the often the best upon this Miskito we're getting close to the point where we have all the ski there's no elephants in other words is active investors are disappearing so what happens when there's a market correction I'm not talking about you know with the nineteen twenty nine that could happen but just as the market went down ten or fifteen percent not gather momentum what would happen well dusters panicked they call their pharmacy give me my money back but it was the best description of a mass panic I've ever heard everybody wants our money back here it just doesn't matter so everything stocks bonds whatever giving my money back when you do that the the the fund manager whoever is managing the passive they have to sell the stocks to get you your money well think about the dynamic now the market's going down at war they doing they're selling what is that makes the market go down more was that two people panic more they want the money is somewhere she get in this kind of death spiral of selling market declines now the active investor used to be the hero who would run and say okay everyone selling I'll be a buyer you know I'll stand up to this bar because I see some bargains but the active investors gone the old instead and this is going to go straight down it's gonna be a no bid and now you are talking about fifty sixty seventy percent decline Sullivan I put over weeks or months of the time we did see in nineteen twenty nine so this this idea that you can free ride on the market with an index fund it's true for the first guy has been true for decades it does work but there's a tipping point there's a inflection point where it it becomes the market there are no active investors left and you just go straight down the panic so that's that's an accident waiting to happen is this is not a warning about what's going to happen in ten years it's there to the is it could happen tomorrow not predicting it will although it could naturally the point that's just one more more more of fuel on the fire so stock markets up and down in that happens obviously that's not necessarily chaos in the economy what are we looking at it in but I guess I would consider to be a worst case scenario well when this happens everything I'm describing comes together and there's another component to it a financial warfare which we can talk more about but what happens is you know when you're in a kind of my positions are you an author your public speaker yep consulting class people love to put words in your mouth and they say you know well do Jim occurs as the world's coming to an end so everything by gold I've never said any of those things will start coming to an end Tunstall sell everything diversify your portfolio yeah I like golf has some gold your portfolio by ten percent to plan a don't you know don't go over board so there are ways to survive as to what's going to happen it's not the end of the world is not Mad Max it's not you know the comic McCarthy's novel the road which is the other world in the aftermath of a of a complete catastrophe but it is different and if you want some models certainly one would be Venezuela where you know use the supermarkets are still open but the shelves are bare and the police still in uniform but they don't do their jobs and the power grid goes on and off and the transportation network for expense you still have the and so the that's a structure but it's not working and if you want a really good example and I I read this and I said yeah this this person's god that there's a there's a book called the mandibles it's a novel it's not economics book it is it's a novel by Lionel Shriver who's an award winning author she kind of picked up on what I talked about in my first book currency wars which which is non fiction and that she quoted me and the insured or book which is very kind but she paints a picture of the United
Alex Acosta defends role in Epstein sexual abuse scandal
"So labor secretary Alex Acosta yesterday defended his handling of a sex trafficking case involving minors against billionaire hedge fund manager Jeffrey Epstein this was back in two thousand eight when he was US attorney for the Southern District of Florida as seen was given a leaving in secret plea deal that is the allegation we now have twelve years of knowledge in hindsight and we live in a very different for today's world treats victims very very different today's world does not allow some of the victim shaming that have taken place at trial twelve years ago so across the contented yesterday that they were trying to avoid an even more lenient state charge that he said would have met no jail time or registering as a sex offender for resting he said the alternative would have been to quote roll the dice to try to get a federal conviction asked if he had regrets he said we live in a very different world now in which victims are treated very differently in two thousand six a grand jury convened by the state Attorney the district attorney of Palm Beach county review the evidence and recommended a single charge and that charge would have resulted in no jail time at all no registration is a sexual offender and no restitution to the victim without the work of our prosecutors Eckstine would have gotten away just that state so okay so that was at a press conference yesterday after the press conference the man who was the Palm Beach county attorney during the case very creature challenged Augusta's account he said because his office that drafted a federal indictment that could have sent esteem to prison for life but that it was quote abandoned after secret negotiations between Mr of stings lawyers and Mister Costa he added if Mr cost was truly concerned with the state's case and felt he had to rescue the matter he would move forward with the fifty three page indictment that his own office
Billionaire Tom Steyer May Enter the 2020 Field as Rep. Eric Swalwell Bows Out
"Yesterday we announced that Derrick Swalwell of California was dropping out of the race for president of the United States on the democratic side and then we find out today must be some water would have to use the word billionaire these days and every story billionaire hedge fund manager Tom Stiers has announced his plans to run for president says he's going to spend at least one hundred million dollars on a White House run wow so one down and no one jumps and I think that's twenty four next democratic presidential debate he probably got in because he'd saw the last guy got I'm a billionaire after all the next democratic presidential debate is July thirtieth and thirty first in
Labor Secretary Alexander Acosta Defends Handling of Epstein Case
"This week federal prosecutors in new york charged the hedge fund manager jeffrey epstein with two counts related to sex trafficking of minors although he's pled not guilty now labor secretary alexander acosta's defending how he handled mr epsteins case ten years ago when he was the uss attorney in miami back then mr costa struck a deal with mr epstein the critics now have said was too lenient democrats are calling for his resignation on twitter mr costa's said quote with evidence available more than a decade ago federal prosecutors insisted that epstein go to jail register as a sex offender end put the world on notice that he was a sexual predator mr costa's said he supported the fresh effort by prosecutors to quote more fully bring him to
Billionaire Tom Steyer enters crowded 2020 Democratic presidential race
"San Francisco billionaire and activist Tom Stiers made it official today he's running for president it is video announcements tire called the system rigged by corporations and the politicians to do their bidding the former hedge fund manager who has pushed hard for Democrats to impeach president trump says he plans to spend a hundred million dollars on his election campaign NPR's political correspondent and former KQED Sacramento bureau chief Scott dentro joins us and Scott Tom's dire is familiar to us in the bay area but is he known nationally did his impeach trump ad campaign succeed in raising his profile you know one of the big themes of the last six months or so of covering this sprawling primary is that even the people who I think are well known who are very well known to political reporters and people who follow politics closely really aren't that well known to the country as a whole so I think he will have a lot of work to do especially getting in the race so late in getting in a point where it's extremely unlikely he will make the debate in a couple weeks so he won't have that moment to introduce himself to the nation on TV what times tired does have is the email addresses of the more than eight million people who signed his online petition to impeach trump right there that is a list that you can start contacting and start out trying to fundraise off of even though you know as he said he's not could be doing much fundraising himself but he's got a large network to immediately start talking to so you've talked with a lot of voters what's your sense of how they'll respond to yet another democratic presidential candidate to be honest I don't think there are many voters out there who are saying oh my gosh twenty four candidates wasn't enough we need one more and Eric Swalwell the bay area congressman earlier this week was actually the first candidate to get out of the race so looking about the issues that Tom Cyrus talking about I'm not seeing many issues where he has a policy your stance that is an already well represented in this field I think he's going to have to have a big challenge ahead of them to make that case as to what he can bring to the table that Elizabeth Warren Kamel harasser Bernie Sanders are Joe Biden or people to jazz or on a non aren't already talking about well the Steiner seem to be trying to position himself as this populist progressive candidate what did you make of his announcement today it was interesting to me that he really didn't talk about impeachment at all and that's the thing that he's been focused on for the last few years Tom's tire has been involved in democratic politics for a while when he said several pet causes over the years he was a big environmental activists before that talking a lot about climate change which he certainly talking about now is a presidential candidate I'm wondering if part of the reason that star got in the race is that he felt like his voice wasn't being hurt as much once he'd taken himself out of the race remember a few months ago early this year Tom star said I'm not going to run for president I'm going to focus on might need to impeach effort and since then he really wasn't making the headlines that you make when you're running for president so I'm wondering personally if that was part of the calculus here well he's already made headlines by saying that he plans to spend at least one hundred million dollars on his campaign how much do you think the front runners are paying attention to that I think that definitely get their attention we saw over the last week or so the fundraising totals from the front runners in the race and they are no where near that amount Joe Biden and Pete chads the south bend Indiana mayor both raised more than twenty million dollars and other than that the other leading candidates are all in the teens so a hundred million dollars certainly way more than that and that would buy sire the air time the staff that he would need to make up that lost ground of of sitting out the first six months of this race Scott dentro NPR political correspondent thanks for
"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
"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.
"fund manager" Discussed on WRVA
"Equities more on the bond side here's the problem with that the way mutual funds or constructed and there's nothing wrong necessarily with mutual funds but let's say for example it's an equity fund the same thing is true in a bond fund now so issues to structure of funds in general but let me speak to an equity fund because it's in in our more recent memory in in terms of what happened back in two thousand seven and eight so if you're in a fund that is investing in stocks her quit he's within that fund the mutual fund manager can buy and sell certain types of equities suv one companies not doing as well they could find no one to replace it so on that's all well and good nothing wrong with that but they are largely going to be in equities over the type of equities could be growth funds it could be value funds it could be blue chips and so on so the point is that when there's an entire acid cloud house falling like what happened in two thousand eight just like a rising tide lifts all boats a falling tied lowers all boats so it didn't matter whether you're mutual fund manager was in caterpillar or even coca cola all stocks were headed south and that manager cannot sell out so we're hold those funds and a passive fashion in a target fond in the same thing frankly is true and in almost any allocation wall street teaches the people on main street this is the way you should do it and you wonder why you're your accounts go.