So You Want to Start a Hedge Fund? Watch This First
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- Опубликовано: 21 сен 2021
- Sep.22 -- Scott Goodwin was a credit trader. Jonathan Lewinsohn’s expertise was in research. Together, they planned for years to start a hedge fund. Finally, in 2017, they did, and Diameter Capital Partners has become one of the most successful firms in the business. Here, in this special excerpt from their interview with Bloomberg’s Erik Schatzker, Goodwin and Lewinsohn detail the lessons they learned along the way, as well as the dos and don’ts for aspiring young hedge fund managers.
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Guy on the left is the numbers guy. Guy on the right is the networking guy. Together, they are unstoppable.
so why is guy on the left wearing deal sleds
their left or our left?
lol anyone can network. The guy on the right is an airhead business major and it shows
@@cumibakar10 definitely general business or marketing degree. Not accounting, finance, or MIS.
"My quantitative. My math specialist. Look at him, you notice anything different about him? Look at his face."
To be successful in finance:
Good memory - to recognise patterns
Sell fast - don't be emotionally attached, you can always buyback
Focus on your growth curve
Doubt yourself
Find mentors who you can learn from
Being focused on where deals can be made - where can you make more money or make more savings?
Be competitive
.
How would you know?
@@ethankho2353 I don't, this is what they said in the video lol
Great notes! Thank you.
@@brian95240 No worries dude, glad this helps people out
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@@davidjackson4437 The stock market is down 20%. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself
@@davidjackson4437 Claudia really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
Excellent interview and advice on why is important to understand the why in business
Really nice interview, solid answers
Some of the most honest and authentic advice in finance.
is authentic the new word for honest? Really?
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
She's OLIVIA SULLIVAN FINANCIALS
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
She's definitely going to help you. All you have to do is look up her full name and reach out to her on her webbsite...
She's definitely going to help you. All you have to do is look up her full name and reach out to her on her webbsite...
It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@Mcllwain Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k
@@tonicruger Please can you leave the info on how to reach your investment advisor here? I’m in dire need for one.
@@kurttSchuster credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@tonicruger Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
these guys look exactly like what hedge fund managers would look like 😂
🤣🤣🤣😉😎
They're salespeople and they look like it. That's what hedge fund managers are.
And what’s that? Yt and articulate? You don’t have to “look like them” to do what they do genius….🥴
They are running PMS in name of HFs. Do they really have courage to take leverage to cover USD JPY arbitrage gap by shorting after recent fed rate hike.
1. Memorise every trade and key statistics you do 0:53
2. Dont be attached to any position 1:18
3. Understand momentum and sizing 2:00
4. Don't set up to be a hedge fund manager 2:40
5. Be honest about your career trajectory. Dont stay in a position where your trajectory has flatten 2:50
6. Put yourself out there, constantly think of the consequence if your hypothesis is wrong 3:00
7. Practice intellectual honesty 3:07
8. Find mentors that you can learn from through osmosis 3:20
9. Dont be discouraged 3:50
10. Key ingredient 1: Curiosity 4:10
11. Key ingredient 2: Always be thinking how a business make money 4:30
12. Key ingredient 3: Focus on efficiency 4:44
13. Key ingredient 4: Love what you do 4:55
14. Key ingredient 5: Be super competitive 5:00
15. Key ingredient 6: It's not rational to not be afraid 5:10
Being competitive isn’t the same as being loud. I think it’s important to have a standard of urgency but in a field where urgency can double sword as kryptonite there has to be balance so you aren’t working from a constant burnout state. Flow state is very real and comes from a personal confidence and excitement to problem solving and research.
Thank you for the advice. This was helpful.
Thank you for the knowledge it really gave me a good place to start🌎
Guy on left is a math finance major and masters degree. Guy on right is a business major and can not do math but partied all the time
😂😂😂😂
Guy on the left is a Law school graduate.
Everything is true. I made 1245 billion last year. I am 9 years old. Facts.
"Average client's forty-five years old, from the Midwest, two hundred and fifty thousand dollar annual income, three million net. Has a local broker, but loves a New York guy who sounds good on the phone. The card's not gonna tell you any of that. Only says their name, address and occupation. You gotta feel them out"
This is an excerpt from the movie the Boiler Room which still rings true today. Hedge funds historically on average don't beat the market but still charge exorbitant fees.
Hedge Fund companies are in business to make money for themselves. Buffet did it too. They’re not in business to make money for their clients, that always comes second after themselves.
True' 😂
99% of this was generic investing advice and had nothing to do with starting a hedge fund. Like two lines about mentors and not focusing too much on far out goals was specific to finance careers and management, the rest could be applied to anyone starting to learn about stocks. Not helpful to anyone who’s at the level of seriously considering starting a hedge fund. If you’re considering starting a hedge fund and haven’t grasped some of the simple concepts they mentioned like not getting attached to a stock and being able to sell without emotion, you probably shouldn’t be watching videos on starting hedge funds.
Click bait title imo
That's the thing about this industry. They don''t want new comers in the market.
The title's not " *How* To Start A Hedge Fund."
Instead, it rhetorically asks (and addresses) essential characteristics *before* even attempting one.
(And if you think their prerequisites are "generic" and "simple" then god help anyone trusting you with their money.)
@@mulemule besides there’s a few small tips for complete novice, the big central advice is just be competitive?
I respectfully disagree with your statement. Although you may say that they are talking about “simple concepts” . 95% of ppl can’t do those very things because applying it week after week , quarter after quarter without error (very minor error is natural and is okay) is a different ball park . It’s takes a long time to develop those skills and thrive in a probabilistic environment…. Starting a hedge fund is much easier than attaining the skill as it relates to trading. Once you acquire that skill people will beg you to take there money !
@@Mansa1 95% of people aren't interested in starting a hedge fund. My comment was more about the title being clickbaity than anything else. Anyone who doesn't have these skill mastered isn't going to be trying to start a hedge fund and shouldn't be looking for videos on starting hedge funds. They should be searching for beginner and basic investing videos. Need to know you're audience. Someone who searches "how to start a hedge fund", probably has at the very least an idea of these basics
This is how I got rich”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
researvh the name, if you care.
REBECCA MARTIN WATSON
If you want to rule the world, be good at both Finance and Tech
Great interview! Thanks!
Thanks Im From Venezuela currently in Panama this has always been my goal best to all
After watching this, I can confirm I'm ready to start a hedge fund 😅
2:54
They started in 2017 right in the middle of the longest bull market and they are "successful"? Lets see how "successful" these hedge funds will be when there is no more fed support and market goes sideways for a decade.
Still waiting for your pessimism to prevail... lol - what "fed support" ?. Hedge funds capitalise on market inefficiencies, especially in downturn. I trust these guys run a tail risk strat or something to weather recessionary storms. As of writing, Apollo management invested a minority stake in the firm. Still "successful" it seems.
Great interview! Thank you
Tnxs fore giving honest advice coming EA hedge fund in Rwanda if Allah say
Such great advice
"yeah i have good memory" then UUHHHHH's for 5 seconds forgetting what he was gonna say
An investment in their mentors company is probably a better bet.
I’ve only thought about this in my brain like two days ago now it’s Ima recommended. Literally haven’t said anything about it just my thoughts
Brain (exe talking failed) need numbers
Google is in your mind.
I watched a documentary on bill ackman.
Jesus Christ, this is so true. Success in trading is selling first not buying, buying is important especially the timing part of buying but the selling is always the priority! This is so true!
Как же офигенно ты играешь) Респект тебе, братишка!
Спасибо за видосы, роднулькин ❤️ Жду следующий видосик
Max was here
Wonder how their fund perform this year? 50% down?🤔
Great couple!
It's good advice
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
Mrs Flores changed my life because of the high profits I got from investing with her.
You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
i don't see any 4chaners here?
4channers busy reading communist manifesto
the brain volume of the left guy though ....
Powerful
How can humans compete with computers that 'shave pennies' via high frequency trading?
Crazy that so much $ can be made from buying and selling pieces of paper.
Yessss
matching pants, great
Awesome
How does one spell the word osmosis?
Love it
I don't understand why I can't walk into a bank and tell them that I need 10 million dollars to invest in the sp500 for the next 10 years. Historically that would be safer than any business.
Pattern in a market? What about your due diligence... That momentum trading (or whatever they call it) or trading in technicals, seems to be a gamble...
hmm do you think technical analysis is a gamble?
@@stepherdguard441 I mean to say just using technicals alone isn't enough. Or at least the commonly available and commonly used technicals....jmo
Life is gamble and win, or you are a pathetic loser
@@moh6410 if you only look at a chart and the history of a companies movement over time your not doing enough research so your gambling. Tell me something then if you think I don't know what I'm talking about
@@moh6410 show me a link to his work
I like those guys, very genuine dudes.
salesmen
100% facts. Great memory is key. Stocks and patterns is always rinse and repeat. Ive managed to do 1.2 billion last year privately. Glad i quit merril to work for myself. Retired at 24 years old now.
Damn how you did it? I’m turning 24 soon and ain’t even done with uni
@@tsuikit2411 it’s a lie…a 24 year old who is a multi billionaire will not have time to watch a video on RUclips about “how to be successful in finance.” That 24 year old also won’t even bother to comment that he/she is that rich.
@@fredm.2699😂😂😂 it’s sarcasm, we all got it but you…
@@FunnyVideosImedia Not a great sarcastic comment, from OP
I've been trading stocks a while now before I started trading crypto coins. Even though bitcoin is volatile, its price movement is influenced by the same conditions as tradFi(Supply and Demand), With this you can time pivot signals with the right tools, "rinse and repeat". Recent capitulations are perfect for a rally. Considering all this, you need to have a go to strategy when trading, because when you buybitcoin, you're buying days you won't have to work. Prior to meeting Callum Lucas, I've suffered a series of trading losses. His Signal strategies have been extremely profitable for my crypto trading as I've watched my portfolio grow by six figures under his guidance.
Impatience has rekted many; cryptos are highly volatile and will inevitably rise and fall in value. Let's simply be patient and trade while we're at it., Lucas is someone who sets asset allocation that fits my tolerance and risk capacity.
@@fedrickmcrolin4831 There is this podcast I was listening to and it said something venturing within your tolerance and risk capacity, see you mention it again got to me.
I'm new to crypto and I must say the entire correction and recent capitulations took me by surprise leading to a -75% loss of portfolio value. Was hoping I might get a breakeven earlier but took some losses more.
Will reach out to see how this works...
Bear markets induce panic, which shortens most investors time horizons. They stop worrying about the value of their portfolio in five years and start thinking about the next thirty minutes. Being a long-term investor gets more promising during a bear market as it's meant to be the best time to get in.. Will definitely reach out
Thank you.
I don’t think people who want to and have ability to start a HF come to see videos titled “So you want to start a HF” lmao
should interview them again discussing their 2022 performance. 😅😅😅
l invested in AVAX and SOLANA
I love this
most the hedge fund manager got owned in this downturn 👌
in *every* downturn...minus a lucky few
Who is he ??
Tiger Management ain't doing too well in 2022 - I doubt Whale Rock Capital Management aren't doing much better either. Great when the market is rallying but down 16% and 17% respectively - not very impressive. It is predicted that many of the Hedge funds will close down this year since they will not hit their Hurdle rate.
can you open an account with trade zero international as a u.s citizen?
great
How to start a hedge fund? Go to Harvard and have your Rich friends invest in your fund
What does the phrase mean when he states “the analyst wants to rent the beta” in the context of the analyst recommending a stock that is performing badly? Time stamp ~ 1:30
Was either beta as you said, or "run the bait up". Had the same question
Basically saying when there’s a position, an analyst would have estimated it to have alpha. If however it’s not performing and as he is saying sort of the narrative / reason for the trade changes, it’s essentially proof there is no alpha to be derived fron this so it becomes a beta trade
Nice video, but all trading and investment requires guidance to excel
This here is a bitter truth, without a better strategy is just waste of resources
This is true…Excel is very important 😅😅
Those are big words for people who have a 3-year cumulative return of -1%
that's the good
some great wisdom but nothing much to do with starting a hedge fund lol
Alot of movements with these guys but most get nowhere. 90% dont beat the market over 10 years, over 20 years? 99% dont. They are just using your money to get rich themselves. You can probably do a better job than most of them.
"Diamond hands on robin hood" lmao RIP
just looking for opportunity
what is your interest?
he forget to mention insider trading which is how all these sleazeball hedgefunds make money. Don't let them fool you.
You can go from trimming hedges to managing hedge funds in three months or less!
People trading like in the 90’s… What are computers for? Make predictions
What a crooks! You can make a movie about stereotypical Wall Street with them as the actors.
They forgot daddy’s money
they working probably 80 hrs a week
You need to answer two questions.
There are more funds than there are stocks.
Why do you think you method is better and everyone is stupid ?
Sir, that was only 1 question. If you were taking the CFA you would definitely have failed Level 1 this past July
Whats cfa
@@priyanshu3182 chartered financial analyst
@@AJ-iu6nw 1) Why do you think you(r) method is better 2) and everyone is stupid ?
see 2 questions
ya its called taking out a loan buying stocks and living life
I would like to be a hedge fund manager because I would to create a high dividend growth and yield portfolio. 1. Apple: Growth and compound yield 2. Coke: Dividend King 3. Old Republic: Special divided 4. Altria: Yield 5. Archer Daniel Midland: commodity and Dividend aristocrat 5. Fidelity: Dividend growth 6. WP Carey: Real Estate quarterly dividend growth 7. Verizon: telecommunication dividend challenger 8. Enbridge: international energy and Canadian aristocrat 9. Income reality: Monthly paying dividend aristocrat 10. Abbvie: Healthcare dividend aristocrat
Ok well you just gave away your entire portfolio plan so nobody needs your management anymore lmao
I like your Abbvie pick 👏
I want u to work for me... For free
I’m not sure filling your entire portfolio with companies approaching the end of their runway would be the best idea, imo.
ADM is down 17% since he made this post.
I buy and hold the snp 500 and reinvest dividends. Can you beat me? The numbers say no.
Did someone say Buy and Hold?
GoFundMe plz
Lol, buy and hold my friend.
Hmm, the advice is not that accurate
Yes🙋🏻♂️🧗
In search of possible mentors.
from your name, I think you are Jewish, maybe ask one of your cousins or Uncles?
If you believe this you’re a simpleton. It’s who you know and who you are.
These guys will be out of business in 2 years
why?
@@liyemamqhayi413 The interview. No way they sustain a hedge fund
They blow up yet?!
those two definitely sounds and looks like they need to law off the crank.
why does the guy on the right look like a hedge fund guy.
I would want to be a hedge fund manager to have control over fool's money.
A good hedge fund returns you a minimum of 50% per year, while a superstar fund doubles your money each year. Anything less than a 35% average return over a 5 year period is not even worth looking into.
What you’re talking about exceeds the top decile of performance for mosey years for Hedge Funds as a group. And few firms sustain over the mid-run even in the top decile. This means what you’re saying is false.
How to start a hedge fund? Stop listening to these guys!!!
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You need deep,deep contacts with a ton of capital to invest. Real hedge fund managers that standout you don’t hear about them until they have made billions. These guys, no disrespect but who are they and why am I listening to you?
Hedge Funds .... they ain't doin so well ... today !!!!
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It's mostly luck....
I trade for a living and I can tell you that pattern trading is a good way to lose money 😂 hedge funds are a joke
Why do you think that?
上班要穿西装吗
Not always