Btw, I know nobody cares but I'm still a discretionary trader. It's like driveing a stick shift is so much better than driving and automatic. Yea it is more work and can be scary at times but don't feel safe unless I am in control of the whole driving and trading experience
2-20 aced with the explanation as usual. Talk about clawbacks and waterfalls also. Falliable this is great stuff. I love how you weave it all together.
Well it's "too much money (to manage)" Strategies r tougher to execute when you have more capital. A strategy managing billions is going to be very different than a strategy managing millions. Some managers don't like getting too big because its not as fun (can't make as high returns and make fun trades). Other don't want more because their strategy can't handle it. Lots of different reasons though. Also, who wants to manage more clients? No one.
well they are Not getting the money to enjoy life they are supposed to make profits out of it. let me put it in simpler terms u can lift 50 pounds but someone tells now lift 100 pounds, u cant do it same with Money
Love how you make all the complicated Wall Street jargon for average Joe like me to fully understand. I would love if you could make a video about performance comparison of different asset classes like Stocks vs PE vs VC and also the performance comparison between different investment strategies such as value investing vs hedge fund or contrarian. Also what type of strategies work best for different market conditions like what type of indices are impacted by high interest rates or unemployment, how to invest during a recession, what type of indicators to look for recession etc. Thank you and keep up the good work.
@@Macro-Ops hahaha ... not the equations per se .. but rather the intent .. Taylor was saying its an homage to Vadim Linetsky ... wondering if you can breakdown the thought process/experiment
It’s also because renaissance has gotten away with paying long term cap gain taxes even on short term trades. They created a scheme and basically owe billions in taxes.
I believe the performance by Renaissance Technologies of 71% is only for its leading Medallion Fund, which can manage between 9b to 10b,mostly for funds' employees. His other fund performance is not that great. Anw, love your channel man, keep it up.
To all my (future) certified CTAs, don't get discouraged, if you are good, you can charge almost whatever. Focus on making *consistent* profits. 5/50 model for me and my clients aren't complaining at all
Writing is amazing, one of the smartest and funniest shows out here... but c'mon! Wags is so much smarter than this, regardless of personal beliefs, he would never jeopardize a potential (probable) win, he knows better. Besides that, he's not this ignorant.
@@Macro-Ops i like him as a person/investing guru, but I was kind of bummed out by his book. Did not really give a whole lot of concrete investment guidance or even how to apply much of his teaching to real life investment examples. Was more of a self help book. I love watching him speak at various venues online though and will read the big debt crisis if I find the time. That looks more in depth
@@danielgally6389 You should check out his white papers. He goes deep into debt cycles and how they affect markets. Principles was not that. Principles was most about how to live life.
Passive index works until you blow up. Passive investing is great in inefficient markets with QE and significant ^M2. 60 % max drawdown easily next market down turn. #meltup think 1987 not 2008. Too much risk parity strategies, too little free float, high margin borrowing from a historical perspective, not enough liquidity when stocks and bonds move downward together.
@@Macro-Ops noticed you liked quant strategies. I'm reading a white paper using Commitments of Traders as a factor. They use it as a factor but perhaps you could apply in a different mechanism too with google trends and other sentiment signals? Just a thought. found it interesting but no out of sample testing . . . papers.ssrn.com/sol3/papers.cfm?abstract_id=3164081
This episode I call BS, need to know the context as to why Wags would fight over fees. All fees are negotiable, why because there are dozens of fund managers that are decent and fewer that are great but even the good ones bend on fees because more capital gives them more flexibility to make new deals
Check out more Billions videos here: ruclips.net/video/RaBNScfl0Qw/видео.html
is Jim Simons better than Ray Dalio ?
DO YOU LIVE IN A BASEMENT? WHY THE DROP CEILING IN YOUR PLACE?
Anyone loves Wag but hate Daniel Hardman?
😂😂 Forgot about that one too!
This doesn't make sense
Facts!!!!
yesssss!!!!!! couldn't be more right.
Two of my favourite things, financial education and Billions, combined in one channel. Keep up the good work.
👍🏽👍🏽
You're like Amazon prime. You always deliver!!. Great video my friend. Keep them coming
haha thanks! will do
Good one.👍
I wish I would have known about this channel sooner, this show makes a lot more sense now
👍🏽👍🏽
Thank You
As much as I enjoy Billions you make it that much more enjoyable 😊
Thanks for watching!
Wags is my man!!!! God I love him....no homo
Btw, I know nobody cares but I'm still a discretionary trader. It's like driveing a stick shift is so much better than driving and automatic. Yea it is more work and can be scary at times but don't feel safe unless I am in control of the whole driving and trading experience
@@devonhayes2209 haha don't worry, I care. And yea like I said, it's all up to preference. Gotta do what works for you.
@Snaggle Toothed Exactly. I am American but unlike some I have common sense when it comes to cars. We understand each other
@@devonhayes2209 Wags is my favorite on Billions, too. I'm also a big fan of Rhoades Sr. and $Bill.
@@xcofcd Yea man. I live $Bill too. The guy really is Kaiser Sose
Now this is a young man worth listening to. Admire your approach, keep it up.
thanks boss, will do!
Yesss! Finally another Billions video by AK, AMAZING!!!
just for you
2-20 aced with the explanation as usual. Talk about clawbacks and waterfalls also. Falliable this is great stuff. I love how you weave it all together.
i have a question about what you say @ 4:39. why do funds close off to investors because of "too much money?" how can anyone have too much money?
Well it's "too much money (to manage)"
Strategies r tougher to execute when you have more capital. A strategy managing billions is going to be very different than a strategy managing millions. Some managers don't like getting too big because its not as fun (can't make as high returns and make fun trades). Other don't want more because their strategy can't handle it. Lots of different reasons though.
Also, who wants to manage more clients? No one.
well they are Not getting the money to enjoy life they are supposed to make profits out of it.
let me put it in simpler terms u can lift 50 pounds but someone tells now lift 100 pounds, u cant do it same with Money
Movie name at the start of the video?
Anyone who knows?
Billions - TV show
Love how you make all the complicated Wall Street jargon for average Joe like me to fully understand. I would love if you could make a video about performance comparison of different asset classes like Stocks vs PE vs VC and also the performance comparison between different investment strategies such as value investing vs hedge fund or contrarian. Also what type of strategies work best for different market conditions like what type of indices are impacted by high interest rates or unemployment, how to invest during a recession, what type of indicators to look for recession etc. Thank you and keep up the good work.
Great suggestions. Will add them to the list
watched to the end just because i like ur kitchen
😁
WHAT THE DROP CEILING??????????????
thank you so much you save my live now i can continuous watching my favorite tv show ;)
👍🏽
This guy is good
thanks you're good too
Good job mate. Would like to see more fundamental videos
Check out macro-ops.com we got a lot of fundamental information there
i have a challenge for you sir .... i challenge you to breakdown Tylers algorithm on Episode 3
hahaha someone else asked me that too. I'm flattered you guys think i'm that smart... but I don't have a chance with those equations
@@Macro-Ops hahaha ... not the equations per se .. but rather the intent .. Taylor was saying its an homage to Vadim Linetsky ... wondering if you can breakdown the thought process/experiment
@@gibean From the reddit thread i was reading someone was saying that the board was filled with real equations, but none of them actually connected.
I Don't usually comment on here, But your channel is spot on!! Hope people are getting it!!
Another Great One The RUclips MBA program!!!!
..........."You'll all be back to herding goats over there."
😜
I
AM
DEAD.
This is actually amazing. Thank you so much for this insight!
No problem! Thanks for watching
Wow awesome
Well presented...
Thanks!
Thanks, great video! Now I know where to invest my millions. Well who knew size does matter. 😱
hehehe
It’s also because renaissance has gotten away with paying long term cap gain taxes even on short term trades. They created a scheme and basically owe billions in taxes.
really? how? i haven't heard that
I was pretty surprised too
www.accountingtoday.com/articles/renaissance-technologies-explores-settlement-as-irs-seeks-billions-in-taxes
Might have to do a video on this. Really interesting. Thanks!
Thank you
👍🏽
You remind me of Jim from Office
That's a nice thing to say. Thanks!
awesome video, looking forward to the content you put out during the season.
Thanks. Shaping up to be a good season!
@@Macro-Ops I hope so, i still think season 1 is the best. The writing was more focused.
@@JusdoinstuF yea i agree. it's way more spread out now
I LOVE THE WAY DALIOS PRINCIPLES ARE JUST CASUALLY LYING ON THE TABLE
Super casual
2% is not on the total assets under management, but rather NET assets under management which reduces liabilities from total assets
Yup, true
Is that the guy from the wire????
so observant! yes! Wags is from Wire Season 5!
Alyson McAdams He was also fantastic on the US version of Low Winter Sun on AMC!
I believe the performance by Renaissance Technologies of 71% is only for its leading Medallion Fund, which can manage between 9b to 10b,mostly for funds' employees. His other fund performance is not that great. Anw, love your channel man, keep it up.
Thanks! About to use this comment in a video.
Is it 8% including or not including the 2%? Big difference there.
What's the question? Basically managers need to perform even MORE to account for the fees they charge
I don't know why, but it feels like that's a green screen and you're in a basic flat...
Yea there's actually a lambo in that room but I put the green screen up so that I'm more relatable
To all my (future) certified CTAs, don't get discouraged, if you are good, you can charge almost whatever. Focus on making *consistent* profits. 5/50 model for me and my clients aren't complaining at all
Very nice!
Why was 2018 such difficult year for investors?
Volatility was too crazy
Gail Boetticher got tough
hahaha i forgot that was him too...
😂😂😂😂😂😂😂
I want a system so I can work on my discretion game
Ya always nice to have the system run in the background
Writing is amazing, one of the smartest and funniest shows out here... but c'mon! Wags is so much smarter than this, regardless of personal beliefs, he would never jeopardize a potential (probable) win, he knows better. Besides that, he's not this ignorant.
I agree with ya
Who are the top hedge funds?
I'll make a video
@@Macro-Ops awesome can't wait!
An event coming up that will probably beat the passive SPY investor - commodity outperformance. India S-curve, China stimulus, accommodative FED.
Yup I can see that
I Subscribed because I want to Learn . Hungry.
Let's eat!
Watched to the middle because i love your kitchen, you will have to host a dinner there on youtube live sometime
Dinner time with AK
@@Macro-Ops yes dinner and stock tip of the day!
dopee
How much did Madoff charge?
is Aram doing some business undercover for Reddington
I wish I got this joke. Didn't that show get canceled?
No The Blacklist did not get cancelled lol
@@sammi5119 wow, amazing!
@@Macro-Ops no it's not cancelled. It's been on for six years. It got renewed for a seventh.
@@Macro-Ops aram is a charector on the blacklist.
damn dude is that really ray dallies book on your counter. You make some good videos but lol
U don't like him?
@@Macro-Ops i like him as a person/investing guru, but I was kind of bummed out by his book. Did not really give a whole lot of concrete investment guidance or even how to apply much of his teaching to real life investment examples. Was more of a self help book. I love watching him speak at various venues online though and will read the big debt crisis if I find the time. That looks more in depth
@@danielgally6389 You should check out his white papers. He goes deep into debt cycles and how they affect markets. Principles was not that. Principles was most about how to live life.
@@Macro-Ops Thanks, ill have to see those. I got navigating big debt crisis which is pretty in the weeds so hopefully ill wrap my head around it
subed
Gracias!
Passive index works until you blow up. Passive investing is great in inefficient markets with QE and significant ^M2. 60 % max drawdown easily next market down turn. #meltup think 1987 not 2008. Too much risk parity strategies, too little free float, high margin borrowing from a historical perspective, not enough liquidity when stocks and bonds move downward together.
Agreed!
@@Macro-Ops noticed you liked quant strategies. I'm reading a white paper using Commitments of Traders as a factor. They use it as a factor but perhaps you could apply in a different mechanism too with google trends and other sentiment signals? Just a thought. found it interesting but no out of sample testing . . .
papers.ssrn.com/sol3/papers.cfm?abstract_id=3164081
I thought I seen Gale, from Breaking Bad, in the thumbnail.
That's his cousin
Subbed
Calling the Index Fund bubble to burst within the next 10 years.
Yup. Things will swing hard back to active.
Well, that's to be expected with any security, but you can't argue with it's overall performance. Everything has to be corrected eventually.
This episode I call BS, need to know the context as to why Wags would fight over fees. All fees are negotiable, why because there are dozens of fund managers that are decent and fewer that are great but even the good ones bend on fees because more capital gives them more flexibility to make new deals
He was just playing hard ball
Don't go into an Arab consulate under any conditions
Nope, never
This character is a waste.of time in the show he is a bore
I think you are in the minority there lol
LONG BITCOIN. SHORT THE BANKERS.
BITCONEEEEEEECT
Fallible Financial Entertainment 😂😂😂 WHAT AM I GONNA DO‽