Make 70% a year with Math

[Vish_ram]

http://seekingalpha.com/article/2243613-make-70-percent-a-year-with-math

 

I don't know why Harry Long looks pissed. Wont you be happy with this kind of returns?

 

[jschembs]

That's awesome. I stopped reading after he said investment management must be elevated to a science (while capitalizing Science).

[Ham Hockers]

Please click through to his book link. Cannot recommend more highly.

[frommi]

Make 70% per year .... and lose everything and a bit more in the next. Shorting levered VIX ETFs might make sense when the VIX is at 40-50 but not at 12. And even then its probably safer to choose something like going long XIV. The article is trash, but the idea behind it is not bad at the right time.

[rkbabang]

Please click through to his book link. Cannot recommend more highly.

 

The book is only $10 wasn't he asking some ridiculous amount for it (in the hundreds of dollars) at one point?

[peter1234]

He seems to have 3 books on Amazon, 1 "expensive", 2 "cheap".

;) :) ;D

 

http://www.amazon.com/Youre-Welcome-Planet-Earth-Convexity-ebook/dp/B00F43EHF2/ref=la_B00DC7EPJK_1_1?s=books&ie=UTF8&qid=1401389638&sr=1-1

 

http://www.amazon.com/Youre-Welcome-Planet-Earth-Powerful-ebook/dp/B00DBT66MI/ref=la_B00DC7EPJK_1_2?

s=books&ie=UTF8&qid=1401389638&sr=1-2

 

http://www.amazon.com/Youre-Welcome-Planet-Earth-INTEGRATING-ebook/dp/B00KKVO334/ref=la_B00DC7EPJK_1_3?s=books&ie=UTF8&qid=1401389638&sr=1-3

 

 

 

[randomep]

Make 70% per year .... and lose everything and a bit more in the next. Shorting levered VIX ETFs might make sense when the VIX is at 40-50 but not at 12. And even then its probably safer to choose something like going long XIV. The article is trash, but the idea behind it is not bad at the right time.

 

So the article is basically gambling.

[PatientCheetah]

Make 70% per year .... and lose everything and a bit more in the next. Shorting levered VIX ETFs might make sense when the VIX is at 40-50 but not at 12. And even then its probably safer to choose something like going long XIV. The article is trash, but the idea behind it is not bad at the right time.

 

So the article is basically gambling.

 

This strategy could work using Kelly Betting System. You always bet half of your bankroll. So let's say you get 5 good years and then 1 bad year - at the end of 6th year, the CAGR is 35%. At the end of 12th year, the CAGR becomes 22.4%. At the end of 18th year, the CAGR is still 22.4%. The big question is if these levered VIX ETFs will still exist at year 18th.

[Uccmal]

A bit of a background.  Harry was a board member who spent alot of time insulting other board members strategies and insisting he had the secret sauce.  His secret sauce was a black box of quant BS.  He made the mistake of publicizing his short investment record which was pretty pathetic, after all his blustering and insults. 

 

Finally, he quit the board in a fit of pique and deleted his posts.  After that Sanjeev, locked the board so that posts of exiting members couldn't be deleted. 

[randomep]

A bit of a background.  Harry was a board member who spent alot of time insulting other board members strategies and insisting he had the secret sauce.  His secret sauce was a black box of quant BS.  He made the mistake of publicizing his short investment record which was pretty pathetic, after all his blustering and insults. 

 

Finally, he quit the board in a fit of pique and deleted his posts.  After that Sanjeev, locked the board so that posts of exiting members couldn't be deleted.

 

well what the hell was he doing on a value investing board, he should be preaching on a like-minded board.....

 

 

[yadayada]

A bit of a background.  Harry was a board member who spent alot of time insulting other board members strategies and insisting he had the secret sauce.  His secret sauce was a black box of quant BS.  He made the mistake of publicizing his short investment record which was pretty pathetic, after all his blustering and insults. 

 

Finally, he quit the board in a fit of pique and deleted his posts.  After that Sanjeev, locked the board so that posts of exiting members couldn't be deleted.

 

well what the hell was he doing on a value investing board, he should be preaching on a like-minded board.....

I guess that tells you he actually started to belief in his own crap.

[merkhet]

I must have missed the publication of his investment record. How bad was it?