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asdasdsddd commented on Hedge Funds Are Pocketing Much of Their Clients' Gains with 'No Limit' Fees   bloomberg.com/graphics/20... · Posted by u/wslh
bberenberg · 7 months ago
I think you need to consider time horizons when analyzing these funds. You can buy SPY and it will win. Unless there is a market crash when you hit retirement age, in which case you are screwed until the market recovers. If you don't mind the risk, go 2x levered and you will do even better. [0]

Many institutions and HNW and UHNW individuals prioritize consistency over absolute growth. They would rather make 6-8% a year and reduce downside risk than optimize for gains. Multi-strat funds like this one are catering to people who want that product.

[0] - https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&d...

asdasdsddd · 7 months ago
I always see this "excuse". Our fund isn't focused on alpha; we minimize beta. It's just unclear to me whether this is shown out in the data.
asdasdsddd commented on Hedge Funds Are Pocketing Much of Their Clients' Gains with 'No Limit' Fees   bloomberg.com/graphics/20... · Posted by u/wslh
asdasdsddd · 7 months ago
1. Crazy graph format lol

2. I thought management fees were supposed to pay for comp?

3. Buying SPY wins again?

4. I don't really care about rich people getting ripped off, but I wonder if any of my money leaks into these funds

asdasdsddd commented on The Anthropic Economic Index   anthropic.com/news/the-an... · Posted by u/meetpateltech
mostlysimilar · 7 months ago
I guess the angle I was coming at it from is that they pay their employees a living wage. I need to buy toilet paper from somewhere, and between Amazon and Costco I would much rather give my money to Costco.
asdasdsddd · 7 months ago
The secret is buying a bidet so you dont need to buy from either ever again!
asdasdsddd commented on The Anthropic Economic Index   anthropic.com/news/the-an... · Posted by u/meetpateltech
mostlysimilar · 7 months ago
Could you say more?
asdasdsddd · 7 months ago
It's a 500B company that undercuts everyone else with incredible efficiency, just like Amazon. It's an example of how capitalism can be great. If you really want to get of out of capitalism, you can just buy directly from farmers or grow your own food.

The whole thing about no ethical consumption under capitalism is a just a way to enjoy the conveniences of capitalism on a moral high ground. It's totally doable, you just might not enjoy it haha.

asdasdsddd commented on The Anthropic Economic Index   anthropic.com/news/the-an... · Posted by u/meetpateltech
mostlysimilar · 7 months ago
That isn't silly, that's one of the only ways to exercise agency under hypercapitalism. I recently cancelled my Amazon Prime membership and got a Costco membership for the same reason. I don't get every product I want, but I'm also okay with that.
asdasdsddd · 7 months ago
This has to be a meme. Costco is peak hypercapitalism lol.
asdasdsddd commented on Fully autonomous AI agents should not be developed   huggingface.co/papers/250... · Posted by u/eamag
asdasdsddd · 7 months ago
This has to be the least interesting paper I've ever read with the most surface level thinking.

> • Simple→Tool Call: Inaccuracy propagated to inappropriate tool selection.

> • Multi-step: Cascading errors compound risk of inaccurate or irrelevant outcomes.

> • Fully Autonomous: Unbounded inaccuracies may create outcomes wholly unaligned with human goals.

Just... lol

asdasdsddd commented on Search PPP Loans by Zip Code   ppploanmap.com/... · Posted by u/zarie
asdasdsddd · 7 months ago
Holy shit, what a scam...
asdasdsddd commented on Perpetual stew   en.wikipedia.org/wiki/Per... · Posted by u/do_not_redeem
asdasdsddd · 7 months ago
Perpetual stew feels like a gimmick but stew does taste better on day 2 and 3 for sure.
asdasdsddd commented on They Thought They Were Free: The Germans, 1933-45 (1955)   press.uchicago.edu/Misc/C... · Posted by u/thunderbong
gambiting · 7 months ago
>>So tell me exactly what we are afraid of

That's your(American) argument, not mine. When I ask why is America building anti-missile batteries and stationing their troops in my country, the answer is "because it furthers their interests". There is of course always some bullshit of "because it improves our security" - but everyone knows that's not true. They are here because they want to project they are a superpower and therefore have bases all over the world, not because they love us.

>>We can start with the Burmese scholarships that gives 300k per student

Well I had to look it up, and apparently this is what Trump said about it:

"We also blocked $45 million for diversity scholarships in Burma. Forty-five — that’s a lot of money for diversity scholarships in Burma. You can imagine where that money went," Trump said.

I wish he was more specific. What is he insinuating, exactly?

>> please tell me exactly what the American interests are.

Having a population of burma(a historically very active conflict area) that is well educated and more likely to oppose the military Junta? Of course no one will ever say that openly, it's "humanitarian aid".

asdasdsddd · 7 months ago
> Having a population of burma(a historically very active conflict area) that is well educated and more likely to oppose the military Junta

Ok so you haven't told me how this furthers Americans interests, that's pretty much every BS power projection argument I've heard for my entire life.

> When I ask why is America building anti-missile batteries and stationing their troops in my country,

Depending on your country, I'm ok with removing the batteries :)

asdasdsddd commented on They Thought They Were Free: The Germans, 1933-45 (1955)   press.uchicago.edu/Misc/C... · Posted by u/thunderbong
intended · 7 months ago
Hey, if I told you I happened to be an expert in this field, hypothetically, and I said this was a vast oversimplificaiton, would you be willing to listen to an expert?

Or do you not trust experts at this point time?

asdasdsddd · 7 months ago
I'm pretty open minded so if you have a detailed answer, I would love to hear it. Just to be clear, I'm not a fan of hand wavy answers around like "stabilizing" or "soft power" because I feel like vague language masquerades corruption and misuse of funds. What I want to know are the direct causal links between our money and our interests.

u/asdasdsddd

KarmaCake day545April 12, 2024View Original