$this->bbcode_second_pass_quote('the48thronin', 'Y')ou apparently also missed the important point, He was boning the BANKERS and AIG people who were in fact taking his derivative BETS...THEY were the "ivy league elite", and they were the ones who lost against him...
He closed his funds when he decided the risk of "them" no longer being able to meet their bets against him was too great!
Maybe you read it too fast?
PeakOil is You
THE Hedge Fund Thread (merged)
Re: How to close a hedge Fund
by ReverseEngineer » Sun 19 Oct 2008, 01:30:44
Ronin, most of the time I agree with you, in this case I think you misread the information. There simply is NO WAY a guy like this quits the game because he is WINNING. I bet dollars to doughnuts he quit because he could make the margin calls on his bets. He grabbed as much money as he could and left all the rest of the investors in the Hedge Fund holding the bag. He obviously did not steal as much as he HOPED he could steal, he was originally shooting for 9 figures and probably left with a measly 6 or 7 figures.
Sorry, you do not make 200% returns on safe bets, and this fellow LOST big time. Now he is making himself out to be a winner int he game by leaving his investors holding the bag. He is just a thief, plain and simple. You got this one WRONG Ronin.
Reverse Engineer
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Re: How to close a hedge Fund
by the48thronin » Sun 19 Oct 2008, 01:41:03
$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('cube', '
')5) leave me alone. I'm not answering e-mails or phone calls anymore. good bye --> runs off to Caribbean Islands while sitting on a beach drinking pina coladas
')5) leave me alone. I'm not answering e-mails or phone calls anymore. good bye --> runs off to Caribbean Islands while sitting on a beach drinking pina coladas
Is a Carribean Island where you REALLY want to be when your Paper Wealth turns into Toilet Paper? The locals will eviscerate your entrails. Personally, I'd prefer to be around friends who actually know how to fish. What a LOSER.
Reverse Engineer
Darn and I even gave you the links. He was over a year ago putting his own money into gold bars and other "metals" and advising others to do the same. The Caribbean idea is a stereotype reward retreat not a fact from any of the articles. He said he was tired of the grind and retiring, HE said nothing about sailing off to hide from anyone, That was YOUR bet. HIS words are in fact do not expect PROMPT replies etc. If an acquaintance rather than a wheeler dealer, I bet he is still answering personal calls.
For all you KNOW he is sitting at home in his paid off cabin 40 miles from YOU! Or at home on top of his bunker full of ammo and food.
Do you have some animosity for a successful fund manager that you have to imagine all these "other problems" about him instead of celebrating his successful retirement?
I bet those feet interfere with normal eating. That might explain why your regularity might be suffering lately?
Malthusian Riders Member!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
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Re: How to close a hedge Fund
by ReverseEngineer » Sun 19 Oct 2008, 01:53:19
$this->bbcode_second_pass_quote('the48thronin', 'D')arn and I even gave you the links. He was over a year ago putting his own money into gold bars and other "metals" and advising others to do the same. The Caribbean idea is a stereotype reward retreat not a fact from any of the articles. He said he was tired of the grind and retiring, HE said nothing about sailing off to hide from anyone, That was YOUR bet. HIS words are in fact do not expect PROMPT replies etc. If an acquaintance rather than a wheeler dealer, I bet he is still answering personal calls.
For all you KNOW he is sitting at home in his paid off cabin 40 miles from YOU! Or at home on top of his bunker full of ammo and food.
Do you have some animosity for a successful fund manager that you have to imagine all these "other problems" about him instead of celebrating his successful retirement?
I bet those feet interfere with normal eating. That might explain why your regularity might be suffering lately?
For all you KNOW he is sitting at home in his paid off cabin 40 miles from YOU! Or at home on top of his bunker full of ammo and food.
Do you have some animosity for a successful fund manager that you have to imagine all these "other problems" about him instead of celebrating his successful retirement?
I bet those feet interfere with normal eating. That might explain why your regularity might be suffering lately?
If he put all his money into Gold instead of Red Fox Fur Mittens, he made a bad investment, particularly if he is a new neighbor of mine. He sure won't be buying MY mittens with a trunkload of American Eagles if he can fly them in here on his Private Jet. LOL.
Do I have an axe to grind with such a$$holes? You BETCHYA! I went to college with them, I watched the Greed destroy the planet through the course of my lifetime. I worked with these folks at Drexel and at Merrill. There are NO good ones, and this one is a CLEAR thief.
I am just glad I lived long enough to see these folks convulsing spasmodically as they watch the Bonfire. Its hilarious
Reverse Engineer
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