Posted by Jon Choivo > 2018-08-21 13:05 | Report Abuse

Why is volatility is risk?

Give me your logic.

Posted by qqq3 > 2018-08-21 13:20 |

Post removed.Why?

Posted by Jon Choivo > 2018-08-21 13:38 | Report Abuse

So your arguement is if anyone wants to open a fund.

They must consider volatility a risk?

If anyone want to talk publicly, they must also consider volatility a risk, no matter how stupid it is?

If most fund managers think like you, its not wonder most don't beat the index.

Posted by qqq3 > 2018-08-21 13:49 | Report Abuse

jon

I know...crooks don't want any rules, crooks don't need any rules.

But properly licensed mutual funds are properly monitored and measured by professionals.

Posted by Jon Choivo > 2018-08-21 14:11 | Report Abuse

In that case, Seth Klarman is a crook, Richard Robertson, Peter Lynch, Walter Schloss are all crooks.

Don't be foolish.

I do not deny that fund management is a sewer of crooks. When you earn money regardless of whether or not you earn money for your investors, and there is low skin in game.

The only ethical rule in fund investing, is to be super clear and honest about your philosophy. Which OTB does.

He has his subscriptions, which i think is the bulk of the earnings. And he manages some people's account.

That's very different from a mutual fund.

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qqq3 jon

I know...crooks don't want any rules, crooks don't need any rules.

But properly licensed mutual funds are properly monitored and measured by professionals.
21/08/2018 13:49

Posted by qqq3 > 2018-08-21 14:48 | Report Abuse

u have ambition to be stock market adviser ...I leave u alone.

I have no such ambition and never met one I like.

Posted by qqq3 > 2018-08-21 14:51 | Report Abuse

I like those who plays with own capital...like KYY, like myself.

Posted by Jon Choivo > 2018-08-21 17:01 | Report Abuse

So as long as they use only their own capital, you will like?

Do you like bonescythe?

Highly unethical people when it comes to markets like KYY you like?

I suppose you also hate charlie munger, warren buffet, peter lynch, benjamin graham also?

If i decide to buyout all my partners today, you will suddenly go from don't like me, to love me?

Will i turn from in your view, have wrong philosophy to a genius in market?

You either have really weird standards for life. Or your ego literally is cannot take a loss at all.

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Posted by qqq3 > Aug 21, 2018 02:51 PM | Report Abuse

I like those who plays with own capital...like KYY, like myself.

Posted by qqq3 > 2018-08-21 17:24 | Report Abuse

Jon Choivo > Aug 21, 2018 05:01 PM | Report Abuse

So as long as they use only their own capital, you will like?
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yes...own money., what is there not to like?

stock market as war....what is not to like?

what I don't like is advisers hang, goat head sell dog meat....not you, that kc fellow.

Posted by Jon Choivo > 2018-08-21 17:26 | Report Abuse

How did KC hang goat head, sell dog meat.

Mind to elaborate?

What is there to dislike about someone managing someone else's money if he's ethical?

Posted by Fantastico > 2018-08-27 16:37 | Report Abuse

@Jon Choivo, what books do you read? Any recommendations? Thanks