Does the lack of MH sales hurt or help the growth of GA prices?

[Silver Surfer]

Sure like how the brokers "ran" Enron stock, no smoke and mirrors there, just pure manipulation.

[VintageComics]

Overwhelming and I mean overwhelmingly the richest people on wallstreet became rich by collecting commissions on running mutual funds and hedge funds and the like.They did not become rich picking stocks.They do not have an edge.it is all bull.It is all a smoke screen to bring in the real source of wealth on wallstreet.Commissions,bonus and ludicrous salaries for RUNNING THE FUNDS and not and I repeat not from picking the stocks.

 

While there are many who benefited just from collecting management fees, the overwhelming majority of hedge fund fees until recently were earned through incentive compensation. In other words, both hedge funds and their investors shared in the profits earned. No smoke and no mirrors.

 

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

While there are advisors who may be outperformed by a dart-throwing monkey, it is unfair to paint everyone with the same brush. There are undoubtedly thousands of talented investment professionals out there who have made their clients a lot of money over the years. My firm has compiled one of the best long-term track records in the business over more than two decades and certainly has nothing to prove to anybody.

 

 

(thumbs u

 

That Aston Marton still in the garage or has it been repo'd?

 

[action1kid]

Overwhelming and I mean overwhelmingly the richest people on wallstreet became rich by collecting commissions on running mutual funds and hedge funds and the like.They did not become rich picking stocks.They do not have an edge.it is all bull.It is all a smoke screen to bring in the real source of wealth on wallstreet.Commissions,bonus and ludicrous salaries for RUNNING THE FUNDS and not and I repeat not from picking the stocks.

 

While there are many who benefited just from collecting management fees, the overwhelming majority of hedge fund fees until recently were earned through incentive compensation. In other words, both hedge funds and their investors shared in the profits earned. No smoke and no mirrors.

 

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

While there are advisors who may be outperformed by a dart-throwing monkey, it is unfair to paint everyone with the same brush. There are undoubtedly thousands of talented investment professionals out there who have made their clients a lot of money over the years. My firm has compiled one of the best long-term track records in the business over more than two decades and certainly has nothing to prove to anybody.

 

 

I mean this respectfully

The above would carry more wieght with me if you didnt work for wallstreet.

 

Besides all those profits made and spoken of have been wiped out by this recession.Now if wallstreet could have saw this comming and protected us,now that I call a professional.

[MrBedrock]

My firm has compiled one of the best long-term track records in the business over more than two decades and certainly has nothing to prove to anybody.

 

By defending your occupation to a bunch of knuckleheaded comic collectors aren't you trying to do exactly that?

[Bronty]

Overwhelming and I mean overwhelmingly the richest people on wallstreet became rich by collecting commissions on running mutual funds and hedge funds and the like.They did not become rich picking stocks.They do not have an edge.it is all bull.It is all a smoke screen to bring in the real source of wealth on wallstreet.Commissions,bonus and ludicrous salaries for RUNNING THE FUNDS and not and I repeat not from picking the stocks.

 

(thumbs u

[Bronty]

Overwhelming and I mean overwhelmingly the richest people on wallstreet became rich by collecting commissions on running mutual funds and hedge funds and the like.They did not become rich picking stocks.They do not have an edge.it is all bull.It is all a smoke screen to bring in the real source of wealth on wallstreet.Commissions,bonus and ludicrous salaries for RUNNING THE FUNDS and not and I repeat not from picking the stocks.

 

While there are many who benefited just from collecting management fees, the overwhelming majority of hedge fund fees until recently were earned through incentive compensation.

 

 

Let me get this straight... equity participation in good times and straight fees in bad times... yep that sounds about right

[sfcityduck]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

Um ... no. Most people know that the primary component of "running the funds" is sales -- acquiring new investors. This is key precisely because the commission income grows as the total assets under management grow. Further, in a typical fund, there are a lot of employees who don't have any role in "picking stocks," instead they perform administrative, sales, compliance, or transaction execution tasks.

 

The key concept that most people miss is that many folks on Wall Street do absolutely nothing to create wealth. Trading in the aftermarket for stocks is precisely akin to trading in baseball cards. You aren't developing natural resources, you aren't manufacturing a product, and you aren't even investing in a business. All you are doing is buying and selling pieces of paper to and from other investor with no proceeds from that transaction going to the company whose name is on the piece of paper. It is wealth transference, not wealth creation.

[sfcityduck]

Let me get this straight... equity participation in good times and straight fees in bad times... yep that sounds about right

 

Wall Street types are capitalists on the way up and socialists on the way down.

[Aman619]

I agree that seeing the big books change hands every few years would have raised values. AF15s have benefitted by enough copies in play to meet the demand.

 

but, whatever.... DA and other collectors bought these books cause they wanted them and STILL want them. goosing the market is not their concern. It will get there anyway. Slower maybe, but it will get there. Why should they care if they are not selling?

 

As for keeping them in the dark, thats a more personal question. Id like to see them all! But I understand the reluctance.

[Aman619]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

Um ... no. Most people know that the primary component of "running the funds" is sales -- acquiring new investors. This is key precisely because the commission income grows as the total assets under management grow. Further, in a typical fund, there are a lot of employees who don't have any role in "picking stocks," instead they perform administrative, sales, compliance, or transaction execution tasks.

 

The key concept that most people miss is that many folks on Wall Street do absolutely nothing to create wealth. Trading in the aftermarket for stocks is precisely akin to trading in baseball cards. You aren't developing natural resources, you aren't manufacturing a product, and you aren't even investing in a business. All you are doing is buying and selling pieces of paper to and from other investor with no proceeds from that transaction going to the company whose name is on the piece of paper. It is wealth transference, not wealth creation.

 

 

.... and you get to keep the crumbs that fall off the knife.

[Bronty]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

It is wealth transference, not wealth creation.

 

well said

[sfcityduck]

DA and other collectors bought these books cause they wanted them and STILL want them. goosing the market is not their concern. It will get there anyway. Slower maybe, but it will get there. Why should they care if they are not selling?

 

If DA is not a dealer, then you guys are selling short his intelligence. A smart collector, as opposed to investor or dealer, wants prices to stay low. It is in DA's interest to do everything he can to keep the market from being "goosed."

 

 

[VintageComics]

DA and other collectors bought these books cause they wanted them and STILL want them. goosing the market is not their concern. It will get there anyway. Slower maybe, but it will get there. Why should they care if they are not selling?

 

If DA is not a dealer, then you guys are selling short his intelligence. A smart collector, as opposed to investor or dealer, wants prices to stay low. It is in DA's interest to do everything he can to keep the market from being "goosed."

 

 

DA is an overstreet advisor, dealer, collector and market manipulator if there ever was one.

[VintageComics]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

It is wealth transference, not wealth creation.

 

well said

 

You guys need to get off of Gene's back. He's a good guy and he's (in the Watercooler forum) very helpful and offers tons of great advice. None of you would be complaining if you were his clients and he was transferring wealth to you.

 

There is a place and a job for everyone as long as there is integrity in it.

[action1kid]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

Um ... no. Most people know that the primary component of "running the funds" is sales -- acquiring new investors. This is key precisely because the commission income grows as the total assets under management grow. Further, in a typical fund, there are a lot of employees who don't have any role in "picking stocks," instead they perform administrative, sales, compliance, or transaction execution tasks.

 

The key concept that most people miss is that many folks on Wall Street do absolutely nothing to create wealth. Trading in the aftermarket for stocks is precisely akin to trading in baseball cards. You aren't developing natural resources, you aren't manufacturing a product, and you aren't even investing in a business. All you are doing is buying and selling pieces of paper to and from other investor with no proceeds from that transaction going to the company whose name is on the piece of paper. It is wealth transference, not wealth creation.

 

And that is the source of wealth to the Big boys on Wallstreet.It is not about picking stocks..Sure there are rare exceptions.George Soros shorting for example. During that episode, he made $1 billion in one day at the expense of British taxpayers

So sure sometimes they earn it and even that wasnt in an admirable way.

[Bronty]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

It is wealth transference, not wealth creation.

 

well said

 

You guys need to get off of Gene's back. He's a good guy and he's (in the Watercooler forum) very helpful and offers tons of great advice. None of you would be complaining if you were his clients and he was transferring wealth to you.

 

There is a place and a job for everyone as long as there is integrity in it.

 

I'm not on gene's back. I'm on the industry's back. Its not personal

 

I'm sure he's a perfectly nice man but that doesn't change my opinion that the entire industry brings virtually nothing to the table and is really about taking money from the average person (sucker) not getting them rich. Yes they should know that for themselves but people are gullible

[action1kid]

By the way, most people know picking stocks to be the primary component of "running the funds"; I'm not sure how you can run money without picking stocks/securities. It's not like they just showed up and collected fees for nothing.

 

It is wealth transference, not wealth creation.

 

well said

 

You guys need to get off of Gene's back. He's a good guy and he's (in the Watercooler forum) very helpful and offers tons of great advice. None of you would be complaining if you were his clients and he was transferring wealth to you.

 

There is a place and a job for everyone as long as there is integrity in it.

 

and Wallstreet is certainly [full of it]

[action1kid]

DA and other collectors bought these books cause they wanted them and STILL want them. goosing the market is not their concern. It will get there anyway. Slower maybe, but it will get there. Why should they care if they are not selling?

 

If DA is not a dealer, then you guys are selling short his intelligence. A smart collector, as opposed to investor or dealer, wants prices to stay low. It is in DA's interest to do everything he can to keep the market from being "goosed."

 

 

DA is an overstreet advisor, dealer, collector and market manipulator if there ever was one.

 

Thats the other dave Anderson[yes there are 2] look at the pictures in the back of the guide]

[delekkerste]

Thanks, Roy. I think we should all just get back to talking about funny books. Clearly, a lot of people both here and in the public at large have very preconceived notions about the finance/investment industry. I really can't believe some of these sweeping generalizations that are being made here. This industry is very large, employs many people (most of whom do not make an outsized salary) and performs many different functions (some of which have added no value or even destroyed value, but most of which are vital economic functions like capital raising).

 

To say that the entire industry adds no value, is all about ripping off the small fry or any of the other numerous accusations leveled against it is really ignorant. Most of the Street doesn't even deal with the small guy, for one thing. And there is a large part of the business that doesn't even deal with the buying and selling of securities. :doh:

 

[Bronty]

Thanks, Roy. I think we should all just get back to talking about funny books. Clearly, a lot of people both here and in the public at large have very preconceived notions about the finance/investment industry. I really can't believe some of these sweeping generalizations that are being made here. This industry is very large, employs many people (most of whom do not make an outsized salary) and performs many different functions (some of which have added no value or even destroyed value, but most of which are vital economic functions like capital raising).

 

To say that the entire industry adds no value, is all about ripping off the small fry or any of the other numerous accusations leveled against it is really ignorant.

 

 

So much for not making it personal. F u too