Investment Fallacies - How the financial industry cons you

[pickles4all]

This is a poor disguise. It would be easy to identify you.

[pierrebrseven]

Thank you very good information to remember. Not too many in your industry would have the courage (or the integrity ) to say these things.

[turnersinsurance]

I like your slant, it's mine too. There are maybe more folks more 'intelligent' than you and I, but not many more WISE than you and I! If I had invested, like many, in the 'market', the largest mutual funds, or indexes over the last 10 years from '00 to end of '09(or worse, until mid '10), I would basically have made ZERO growth. What I find encredulous is that so many still use the 'long term investing' myth that just invest and you'll get 10-12% - BALONEY!!!!!

[Otigoc9]

today is sep. 15, 2008 and the dow is down over 500, on some of my other clips i wrote about how this whole tragedy will play out. what i am not hearing from bernanke, paulson, the eggheads at cnbc and the presidential candidates is who is going to be made accountable for this mess. this all didnt happen by itself, the investment banks, the sec and the politicians all take blame, I WANT TO SEE HEADS ROLLING...

[unger99]

What an idiot. Analysts really are much smarter than you, and this video proves it. Analysts make recommendations for institutional investors, not Jo Smo in black and white video giving this dumbshit presentation. They could give a shit less about your measly assets, they're more interested in recommending equities for portfolio managers. Those are the facts

[palex9]

you dont know a rat's ass about about the financial industry. oh yes, and if the 'analysts' were soooo smart, wouldnt they all be trading their own account getting rich in the process? the really successful funds use models to make their trading decisions, not some subjective analyst's opinion.

[rockolee]

Excellent talk, can we see more of this and could you please turn up the mic volume?

[Shalomp]

LOL all the stuff he said i'm already totally aware of being a banker myself. wow what an epiphany! wasted 7 minutes of my life.

[dalesalsa]

Awesome and all true! All absolutely true.

I definitely would love to see a lot more of this. Thank you sir!

[mujaku]

If you would have invested in the DOW (DJIA) in its inception, with the exception of GE stock, you would be bust. The DOW is an abstract place holder for stocks that eventually go belly-up.

[DawsonLodge]

Nicely done. I am one of those working from my poolside PC. After a year as a broker, I had to bail due to the gross greed for commissions at the expense of client's equity that I witnessed. The SEC is a useless fraud, and protects nobody.

"Churn 'em and burn 'em" does not seem to be an appropriate attitude for "advisors". In the 2000 -2003 debacle I asked everybody if they knew what a stop-loss was. Nobody had a clue. Keep up the good work!

[polytope13]

A market-cap weighted index like S&P500 doesn't have survivorship bias because stocks that start falling are sold off until they are completely removed from the index/replicating portfolio. The blue chips that went bust are fully accounted for in the value of the index to the extent that any reasonable investor would and should progressively reduce exposure to failing company stocks by periodically rebalancing his or her portfolio.

[palex9]

you are right. thats why investing into an index like the dow or s&p over the long term has the best chances of making you some money. our fund basically only trades futures as our models stopped making an serious money in the stock market back in 99-00.

[MisterClips]

refreshing honesty. i'm used to hearing people bias the truth in some way, either out of ignorance, or for personal gain, so... "thank you". I hope you post more truth.

[KLguy133]

banks are useless faggots.

[jarogru]

very interesting + very good impulse to think about my own invetments ;-))

i'm looking forward to the next issue(s) about options + futures, ...

i would also appreciate to hear your opinion about inflation, commodities (gold, oil), dividends, etc.

best regards from munich/germany,

jaro.

[sluggie101]

i 3rd that!!

[uzomad]

It is the unsophisticated investors that walk blindly onto the battlefield ,do not diversify their portfolios, and time the market poorly that often get burned (in addition to over leveraged idiots like those at Amaranth).

[dynamoehummm]

The hedge funds you analyze are unwise for the common investor; I'm sure you tell those folks the same thing without scary the bejesus out of em.

[uzomad]

I'm an equity analyst at a hedge fund... and didn't enjoy you're overly pessimistic view of wallstreet and the market in general. I am however, interested to hear what you think about options, futures, and the other derivatives in between. Market volatility - in the hands of sophisticated investors - is a great thing, as it allows for traders to take advantage of that alpha and make our investors very wealthy individuals.

[dynamoehummm]

I agree with your attitude on this UZOMAD. I believe if this is a primary - caveat emptor on the market, it doesn't paint an accurate picture. He warns correctly but curiously on the Dow Index. Why not the S&P 500 Index which generally outperforms most mutual funds. Who buys the Dow? He doesn't mention the average annual return over the last couple hundred years of about 11%.

[customxx]

more please :)

[arifdesign]

salam...peace.

i second that....more please