31–40 of 42 posts
If this author was to write a similar article on, say, "How to play the flute" it would probably read: - Buy a flute - Blow into one end - Press the various buttons and levers - Make sure you perform at least once at Carnegie Hall
Did you miss the point that this is more a satirical commentary about hedge funds (with some genuine information for the curious thrown in) rather than a serious how-to guide?
I think the internet is helping change how hedge funds are started and people are hired, possibly for the better. I'll give a couple observations: 1. It's becoming easier to find people with good track records. No, I am not talking about KaChing or Covestor. There are actually two sites that exist where you can apply for entry. They are heavily populated by people who already work at hedge funds, so the process is pr…
> you post investment ideas which are then rated by the community. Because the community consists mostly of hedge fund analysts With the premise that I know pretty much zero about that industry, posting good ideas to people with the talent and connections to execute them seems like a good way to get ripped off. What's the "yeah, however ..." or "well, in reality ..." ?
Since sites like SumZero and VIC have a ton of buyside members, which is a rather small community of people who spend a ton of time talking to each other, it's pretty unlikely someone is going to get away with stealing your idea and claiming it as their own. They will probably get called out on it.
The other benefit to posting ideas is you can get criticism and see if your logic is flawed or maybe that you missed something in your analysis.
I will always remember an idea posted on VIC by a guy who ran about $400M in assets at the time. This was in 2007 and it was for a financial company. A few commenters asked questions relating to the company's ability to accurately estimate customer default rates. Rather than defend his thesis, he simply said they should move on because apparently they aren't interested in the company. What happened? Management at the company did incorrectly estimate loss rates and as a result the company crashed. It dropped ~80% and this was close to 10% of that fund manager's portfolio.
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I'm the technical guy behind SumZero and I'd have to say that your comments are spot on. It can be very difficult to get a good rating on the site, those ideas that do tend to be exceptional and get a significant amount of attention.
Also, and sorry for the plug, but I think it is relevant here. If you are interested in seeing the quality of ideas that come through SumZero you should sign up for our individual investor mailing list - http://sumzero.com/retail/users . Each week we send out a top idea to the members on the list. edit: There are some sample ideas on that page.
Here's an idea: let HN users above a threshold post ideas into the site. I recall hedge funds investing in startups.
http://www.hackernewsers.com has already devised a way to verify its accounts against underlying HN accounts. Users can also link to a Stack Overflow account, and in theory users should be able to link to freelancer sites for gathering metrics on a user.
I'd have a way whereby hackers can take a YC application form and submit it to sumzero users: either all, a named list, or upon request. Have a way where feedback can be given as well. If not the YC application form, then they can pick from say 5 different submission forms, all varying in detail and types of information submitted.
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I don't think it is being entirely serious....
That's what you get for actually being interested in the topic - you miss the obvious.
I think the internet is helping change how hedge funds are started and people are hired, possibly for the better. I'll give a couple observations: 1. It's becoming easier to find people with good track records. No, I am not talking about KaChing or Covestor. There are actually two sites that exist where you can apply for entry. They are heavily populated by people who already work at hedge funds, so the process is pr…
> you post investment ideas which are then rated by the community. Because the community consists mostly of hedge fund analysts With the premise that I know pretty much zero about that industry, posting good ideas to people with the talent and connections to execute them seems like a good way to get ripped off. What's the "yeah, however ..." or "well, in reality ..." ?
Earlier quoted context omitted.
Also, and sorry for the plug, but I think it is relevant here. If you are interested in seeing the quality of ideas that come through SumZero you should sign up for our individual investor mailing list - http://sumzero.com/retail/users . Each week we send out a top idea to the members on the list. edit: There are some sample ideas on that page.
Do you have an example mail or two from that to see if it's at all something that is relevant to me?
Check the sidebar.
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It's an insult that respected, powerful men want to risk half their net worth to marry someone? Take a look at the NYT wedding announcements some time, and note the facial expressions of everyone who is insulted in such a manner.
The insult may be in that it implies the person to be married is being swayed purely by money basically.
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What interesting little tid-bits you've dropped in this comment. I wonder, could you follow up with a more full-fledged article? I don't see your blog linked to your account on here but I'd love to read something like this.
If you have any questions feel free to ask them here and I'll try to answer to the best of my abilities.
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If you have any questions feel free to ask them here and I'll try to answer to the best of my abilities.
So when you talk about the ideas posted to these sites are they the type of ideas that would fall under trading or are they more of the idea that would fall under core concepts for a fund? Like anyone who hangs around HN I've got ideas for companies but I've also got ideas involving frameworks for the start-up industry much like a VC, neither of which are trades. Is this the kind of site to bounce off conceptual idea…
VIC recently added a discussion forum which leads to a bit of discussion on things that are maybe more conceptual, where you can ask questions and get advice.
SumZero has a private messaging system and I think it leads to a lot of contact between members privately, which enables people to find peers to seek advice from as well. Each member has a profile, so the profiles will tell you how long people have been in the business, who they previously worked for, what their areas of expertise are - that sort of thing.