Another query for VSEO

[stevenash]

Do you have any idea how many hedge funds have gone out of business since you were last here and trumpeting their investment expertise?

[stevenash]

No need for definitions, VSEO.  Have been cognizant of and conversant with them for many many years.  Why not answer the question rather than try to make somebody think you are some super sophisticated investment guru? (by the way, the strategy did NOT work)

[stevenash]

On 3/22/2019 at 7:36 AM, VeryStableEnlightenedOne said:

Brother, you’re a financial advisor that indexes in mutual funds.

Im at a 11 digit AUM investment company. Name, title, company verified by a moderator here. #facts

As the wise Lavar Ball once said.. STAY IN YO LANE

 

You havent the slightest idea what I do, sir.   But nice try.  Since you need to keep some things secret, go ahead and tell what securities licenses you have that are current.  By the way, I have been out of state the last couple of days.  I am very willing and able to have more of this conversation we had before you were banned the last time.

[stevenash]

yea , right .  I had no idea what a hedge fund is.  And I didnt know it was an investment vehicle ( even though its name has the word FUND in it).   This all began because I told you a great number of them have gone under and instead of responding to that, you start in with how smart you are and how little I know.  I deal with hundreds of accredited investors and have dealt with many limited partnerships ( though I think they are a rip off) so it is useless for you to try this garbage with me.

 

AS for "taking advantage of certain identifiable market opportunities" can you tell me which ones Long Term Capital Management ( with all of its Nobel Laureates) took advantage of?  I know you will take a while to google this one.  So take your time and try to come back with something more credible than canned definitions of hedge funds which nearly everyone already knows.

 

Additionally, you failed to answer my question about how many securities licenses you hold and in how many states are you registered.  But I get it, lots of employees  for foundations don't have to have them.

[stevenash]

Fees are too high in vast, vast majority of Limited Partnerships.  I will discuss the legal structure of Limited Partnerships with you after you answer the question you  continually refuse to answer and you and I both know why.   What securities licenses do you hold and in what states are you registered?    So you ( yes specifically you) make investment decisions for people to the tune of billions?   Or are you employed by, ostensibly, an institution that has large sums of money?  Tell me how the second derivative plays into your approach to investing.

 

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[stevenash]

100% undeniable proof of what?  If you have no securities licenses, from whence did your "expertise" originate?  You are essentially telling me that although you are not a heart doctor, that I should let you operate on me because you studied biology in school and that you have a "certified coronary artery analyst" designation. Maybe we ought to try this.  Maybe we should each create a hypothetical portfolio of 10 or 15 stocks and, for a one year period,( or perhaps several periods such as one year, 18 months, and 24 months using a composite average return of the three) see how they perform.  Surely a sophisticated advisor such as yourself could easily outperform a guy who only "indexes mutual funds"  The reason you deal with billions is because you are an employee of an organization whose 2 main benefactors made that possible.  People are not running to you asking you to invest their money.   By the way, recommending which manager   to use for this sum or that sum is not particularly difficult.  As an aside, NCS assisted me personally with the purchase of my first home many years ago.  And one more thing, I often  use a portfolio manager ( from the largest asset manager in the world)for some of my clients.  He has NEVER picked an individual stock.  He simply makes sector allocations and then his co-workers actually pick the individual assets to fill each sector.   So, in one way, he "invests" many billions but has no say whatsoever in the individual issues.

 

Lets do the hypothetical portfolio contest.  Based on your claims, you will easily outperform the S&P 500 and I will substantially underperform it, thereby validating everything you claim about yourself and me. Then everyone will know how smart you are and how incompetent I am.

[stevenash]

Then take me up on my hypothetical offer and embarrass me.  It should be a complete no brainer for someone with your expertise.   ( by the way, it doesnt take a mental giant to understand why I will not place a bet for money on a social media outlet)

[stevenash]

Nope- It was my suggestion and you can accept or decline.  You and I pick the stocks and we list a start date ( close of business on whatever date is selected)  Everyone can see what is there and can monitor for their own edification.  What is the concern about money? ( once again, I don't make bets on social media sites ) Isn't it a matter of principal with you?  You have continually degraded my way of making a living and portrayed yourself as vastly superior.  This is a quick, easily verifiable manner for you to walk the walk and show that to everyone here that you are trying to impress.   

[stevenash]

1 hour ago, VeryStableEnlightenedOne said:

Brother - you’re asking to have a competition over a year-plus time frame. What’s in it for me? I already know I’m smarter than you. I want to put money on it to make it worth my time. 

 

I dont degrade your profession. It’s actually pretty cushy and a solid gig if you have a stable book. I’m sure you know much more about tax planning than I do. I just had to call you out pretending you’re an investment expert when in reality you’re a salesman (nothing wrong with that). 

Ok  if your main concern is the length of time, you name the time frame and lets go.  You keep saying you are smarter, ( just like any typical lefty)  Why do you need money in this instance?  After all, a guy like you undoubtedly makes vast sums of money, right? ( $1000 is very much a  meaningless pittance to a man of your means)  Do you want to make it 6 months or 3 months?  I'm game. 

 

Sir, the only problem you have is you don't know what you don't know.

[Hagar]

8 minutes ago, VeryStableEnlightenedOne said:

I’ve won plenty of money off these competitions in my younger liberal college days, so why would I do it for free now? Unconstrained portfolio on a simulation website to officially track holdings and performance 

$250 for 3 months

$500 for 6 months 

Let me know 

 

 

Well Sam Rayburn Dam  VSEO, sounds like you know your poo.  If I gave you some coin to invest for me, what kind of return could I expect?

[Hagar]

4 minutes ago, Hagar said:

Well Sam Rayburn Dam  VSEO, sounds like you know your poo.  If I gave you some coin to invest for me, what kind of return could I expect?

Or you nash?  As Roscoe Gordon sang many years ago, Money, that’s what I want, whole lot of money.

[stevenash]

28 minutes ago, VeryStableEnlightenedOne said:

I’ve won plenty of money off these competitions in my younger liberal college days, so why would I do it for free now? Unconstrained portfolio on a simulation website to officially track holdings and performance 

$250 for 3 months

$500 for 6 months 

Let me know 

 

 

Nope- Once again, my idea / my guidelines     I understand you want unconstrained so you can introduce exotic products that everyone else cannot understand and, quite often, their values are not truly verifiable on a day to day basis.  This will include only stocks and/or bonds ( which you should be able to do in your sleep since you are so smart) .  By the way, when you make your recommendations to an investment committee, you are PRECISELY a salesman, so abandon that method of condescension and find another avenue.   The best one would be to simply embarrass me in what I have proposed.  Get it through your head that I am in a circumstance that makes betting on a social media site a no-no.  Making me look very small on this site, I know, is much more rewarding than a few dollars for someone in your "position".  This would be so easy for you to demonstrate your superiority.

[stevenash]

You can take this to the bank.  After 35 years in the investment business, there are considerably less things I dont understand that you don't understand.   

[stevenash]

8 minutes ago, VeryStableEnlightenedOne said:

Well - If I was to manage outside money I’d have to go through all types of compliance hurdles so it’s realistically a non-starter. But happy to give you my general thoughts on the markets if you’re interested. Also depends if you’re talking retirement accounts or play money.

I personally have my retirement accounts all indexed (I think US large cap stockpicking is for suckers TBH) and just let it ride. I have some extra money on the side in prime money market funds for preservation of capital, which will be down payment for a house

translation- he lacks the appropriate/approved  credentials to manage your money in this state or any other one

[stevenash]

4 minutes ago, VeryStableEnlightenedOne said:

I wanna take your money to the bank but you don’t want to put money where your mouth is.

Once again, you simply don't know what you don't know

[stevenash]

inability to comprehend is not a good trait for a "sophisticated money manager"

[stevenash]

diagnosed condition- self delusion

solution- introspection

[stevenash]

My original offer still stands

 

I am of average intelligence.  The advantage I have is that I know this.

[stevenash]

My favorite contention of yours is :  When I make investment recommendations to a client, I am simply a salesman.    When  you make investment recommendations to a committee, you are, somehow, not selling your thoughts and ideas.  Talk about sounding smart!!!!!!

[stevenash]

15 minutes ago, VeryStableEnlightenedOne said:

At least you’re self aware you’re not that smart

 

Yes, and it provides me with a distinct advantage over those who are incapable of understanding the extent of their own intellect or lack thereof.  Do you remember all of the polls in the presidential election that consisted of "very smart people"?   Look up Nate Silver.  He was allegedly the greatest oddsmaker going into November of 2016.  The defunct Long Term Capital Management was being run by 4 Nobel Laureates before it had to be bailed out by a Wall Street Consortium- Read the book on it entitled " When Genius Failed"

[stevenash]

My offer ( the original one based upon performance) stands as well.

[stevenash]

My offer does not include money because my employment precludes that.  You already know that so that is why you keep demanding it in order to avoid the issue.

[stevenash]

33 minutes ago, VeryStableEnlightenedOne said:

That’s the lamest excuse yet. The completion is using FAKE MONEY. 

It may seem lame to you but that's because you understand very little of what takes place outside of  your little bubble of self perceived enlightenment.  By the way, is it safe to assume that your "mentally challenged" vocabulary intended to use the word "competition" rather than "completion"?  Yes, you are so much smarter than the common folk who frequent this board.

[WOSdrummer99]

2 hours ago, stevenash said:

You can take this to the bank.  After 35 years in the investment business, there are considerably less things I dont understand that you don't understand.   

Reminds me of a new old saying... if you knew half of what I've forgot, you'd still be a smart a$$

[stevenash]

I will no longer assist the irrelevant in their efforts to be seen as relevant