tede02 Posted March 7, 2016 Posted March 7, 2016 I find this so interesting. Thought others may as well. http://video.cnbc.com/gallery/?video=3000497604 http://www.nytimes.com/2014/02/11/your-money/john-maynard-keyness-own-portfolio-not-too-dismal.html?_r=0 I love Buffett's final remark, "They [economists] don't make a lot of money buying and selling stocks but people who buy and sell stocks still listen to them."
ni-co Posted March 7, 2016 Posted March 7, 2016 Thanks for the link! My counter-argument to this is: Soros, Druckenmiller, Robertson, Dalio…
KCLarkin Posted March 7, 2016 Posted March 7, 2016 On 3/7/2016 at 6:31 PM, ni-co said: 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
ni-co Posted March 8, 2016 Posted March 8, 2016 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.
KCLarkin Posted March 8, 2016 Posted March 8, 2016 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.
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