Jump to content

Recommended Posts

Posted
  On 3/7/2016 at 6:55 PM, KCLarkin said:

  Quote

My counter-argument to this is: Soros, Druckenmiller, Robertson, Dalio…

 

Not sure those are good examples:

http://brooklyninvestor.blogspot.ca/2015/01/market-timers-vs-macro-hedge-funds.html

 

Why? Those are top-down managers, maybe with the exception of Robertson. I didn't say they made their money with market timing. There normally is a large difference between theoretical economists and risk-taking macro managers but this doesn't mean nobody's earning money with a top-down approach. That's simply not true.

Posted
  On 3/8/2016 at 9:20 AM, ni-co said:

  Quote

  Quote

My counter-argument to this is: Soros, Druckenmiller, Robertson, Dalio…

 

Not sure those are good examples:

http://brooklyninvestor.blogspot.ca/2015/01/market-timers-vs-macro-hedge-funds.html

 

Why? Those are top-down managers, maybe with the exception of Robertson. I didn't say they made their money with market timing. There normally is a large difference between theoretical economists and risk-taking macro managers but this doesn't mean nobody's earning money with a top-down approach. That's simply not true.

 

I was discussing the substance of Buffett's remarks. Not the title of this thread.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...