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How to write a investment newsletter :lol:

 

How to write an investment newsletter: Emphasize everything that can go wrong. Relate to your audience – elderly men who are being passed by in this world and need the reassurance that the world is going down the tubes, rather than evolving without them. Gold mustn’t necessarily be the subject of each letter but it should at least be alluded to or serve as the unwritten subtext.

 

http://www.ritholtz.com/blog/

 

How to run a Hedge fund

 

Dear investor,

 

In line with the rest of our industry we are making some changes to the language we use in our marketing and communications. We are writing this letter so we can explain these changes properly. Most importantly, Zilch Capital used to refer to itself as a “hedge fund” but 2008 made it embarrassingly clear we didn’t know how to hedge. At all. So like many others, we have embraced the title of “alternative asset manager”. It’s clunky but ambiguous enough to shield us from criticism next time around.

 

We know we used to promise “absolute returns” (ie, that you would make money regardless of market conditions) but this pledge has proved impossible to honour. Instead we’re going to give you “risk-adjusted” returns or, failing that, “relative” returns. In years like 2011, when we delivered much less than the S&P 500, you may find that we don’t talk about returns at all.

 

It is also time to move on from the concept of delivering “alpha”, the skill you’ve paid us such fat fees for. Upon reflection, we have decided that we’re actually much better at giving you “smart beta”. This term is already being touted at industry conferences and we hope shortly to be able to explain what it means. Like our peers we have also started talking a lot about how we are “multi-strategy” and “capital-structure agnostic”, and boasting about the benefits of our “unconstrained” investment approach. This is better than saying we don’t really understand what’s going on.

 

Some parts of the lexicon will not see style drift. We are still trying to keep alive “two and twenty”, the industry’s shorthand for 2% management fees and 20% performance fees. It is, we’re sure you’ll agree, important to keep up some traditions. Thank you for your continued partnership.

 

Zilch Capital LLC

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LOL, Quanta, funny stuff. Thanks 4 the laughs.

 

Warning: What is below is not so funny, so if you need funny reading right now, please skip over this post and return to Quanta's post above.

 

I guess it's not news to anyone here probably, but if Zero Ledge is correct about this, then poor starving Greek farmers and such are going to be bailing out large insolvent European banks. I guess Europe is similar to the U.S. in that way-- that the poor and middle class end up bailing out the big bonus banker crowd. What I can't understand is why, all over the world, we citizens put up with this-- as if there is something normal or inevitable about this Reverse Robin Hood process.

 

http://www.zerohedge.com/news/scandal-greece-receive-negative-cash-second-bailout-it-funds-insolvent-european-banks

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Got a buy on the RUT. We'll see if this is a whipsaw or not early next week.

All signs point to a potential move to 830 then 840.

Yeah I got a "buy" too, butt I see things a lil difrinftyly. Look like a bustout offa nice bottom, a lil perfit-takin' now bam up we go.

post-2457-133134454846_thumb.jpg

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I did my part for this crappy economy.....

 

Went to Costco and signed up (I was sick of sam's club after 8 or 9 years).I expected to drop a few hundered bucks at most on my first trip,left with my pockets lighter by $1300.00. :ninja:

 

Holy crap was this place freakin packed with people,8 or 9 on each line with every register open.Could barely walk down the isles.I guess there is more spending money out there than I thought. :blink:

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Too funny, I eat hot dogs maybe once a year. Yesterday watching hoops I got the craving, bought a pack of Nathans , pound of kraut and a Fosters Lager oil can. Put them in the crockpot for a couple hours......mmmm. Great minds think alike :rolleyes:

You guys are killing me!

 

There is a Nathan's restaurant about 200 yards from my condo in one of the casino's,Now I have to go. :lol:

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