Tuesday, October 11, 2011

Hmmm

Krypto had remarkably good timing Friday with her stock purchases.  Can a dog really outperform all those overpaid hedge fund managers?

I guess John Paulson is no longer the great genius - his funds are down big, the worst 47% for the year.  To his credit, I read that a good bit of the money is his own or his employees.  How well has he done?  Bloomberg says, "clients who came in at the beginning of 2008 have made 4.3 percent, according to Bloomberg calculations".  That sucks and is surely not worth a 2% annual fee and 20% of the ups.

All these beefers do is take big risks with OPM - Other People's Money.  Some win, some lose.  The winners take a big fee; the losers close down and start a new fund.  On average, it's a scam.  Krypto works for dog biscuits and outperforms them overall.

Word of the Day

"Pule" - verb, intransitive [$10] literary.  Often used in its participial form, puling.
Pule means to cry querulously or weakly, whine, whimper.
Sentence:  The dumb rich should stop their puling ways and simply make long term investments the Krypto way.

16 comments:

Bud said...

hedge funds are a scam ?? huh ??

Bud said...

Bman how are your archery skills? on that show top shot they had a great episode with the Recurve bow............i would love to try that


do you own any bowandarrows? have you ever used them?

Bud said...

Bman what is your opinion on the democrats 5% millionaires surtax?? you prolly a big fan

cuz you are always pissing and moaning about the greedy evil rich not paying their fair share

Spin-em said...

PAY UR SHARE
PAY UR SHARE
WE WANT JOBS
WE WANT JOBS
GLOBALIZATION IS BAADD
GLOBALIZATION IS BAADD
BUT WE WANT JOBS
BUT WE WANT JOBS
WEEKENDS OFF
WEEKENDS OFF
IPAD
IPAD
(spinny playin bongos)

Bud said...

i guess my global purchasing power is going to go up..........marc faber on cnbc this am.......get long the USD.........why ???


civil unrest........wars.........bank collapses...........credit bursts...........so not really a good reason

Spin-em said...

Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom

Sometimes I feel like a motherless child
Sometimes I feel like a motherless child
Sometimes I feel like a motherless child
A long way from my home

Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom
Freedom

Sometimes I feel like I’m almost gone
Sometimes I feel like I’m almost gone
Sometimes I feel like I’m almost gone
A long, long, long, way, way from my home

Spin-em said...

OCCUPY BUNK STREET
OCCUPY BUNK STREET

Spin-em said...

civil unrest........wars.........bank collapses...........credit bursts...........so not really a good reason


when do the gun totin Texas republicans come riding in on horses??...shouting USA...love it or leave it.....ohhh its comin

ATTICA...ATTICA...ATTICA!!...lol

Bunkerman said...

My archery skills are minimal.

Bunkerman said...

The 5% millionaire surtax is idiotic.

Bunkerman said...

lol "occupy Bunk Street"

lol the dogs have a say in that :)

grrr ... chomp, bite ... yeow

Bunkerman said...

"i guess my global purchasing power is going to go up..........marc faber on cnbc this am.......get long the USD........."

I suppose he's licking his wounds and now reads this blog

:)

USA USA USA USA

Spin-em said...

observation from minication...no shortage of jobs saved or created in Dark City in the Swamp..aka Washington DC...building bridges..roads...keep sending ur cash MF'rs..lol

Spin-em said...

Krypto had remarkably good timing Friday with her stock purchases.

good timing was when t2108 was 123 days earlier..and somebody here..Im too much of a gentleman to say..was saying..do I hear 10?...lol...but who am I?

Spin-em said...

t2108 was 12..3 days earlier

Bunkerman said...

true, spin ... Krypto missed that better time from lack of attention.