New Posts For Thread: Met some instetutionul investers in BETFAIR yesterdayhttps://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterdayThey are not happy!Look like they lose more today!!!!!What percentage of "the market" is held by managed funds + tracker funds? If it was anything close to 100%, expecting managed funds to outperform the market on average would be futile.https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504153471#504153471What percentage of "the market" is held by managed funds + tracker funds? If it was anything close to 100%, expecting managed funds to outperform the market on average would be futile.Fri, 05 Aug 2011 07:09:35 -0500The average fund mgr is someone to avoid at all costs.IMVHO they should be killed.https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504150665#504150665The average fund mgr is someone to avoid at all costs.IMVHO they should be killed.Fri, 05 Aug 2011 05:49:20 -0500the way I see it, they're all playing against each other - so really it's a zero sum game masked by growth in the real economy.are there some people who'll consistently win in that game? yeah, I can go for that. but can you confidently pick the oneshttps://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504149021#504149021the way I see it, they're all playing against each other - so really it's a zero sum game masked by growth in the real economy.are there some people who'll consistently win in that game? yeah, I can go for that. but can you confidently pick the onesFri, 05 Aug 2011 04:45:47 -0500Yeah, I like A Random Walk Down Wall Street, but I think a great theoretician should go to great lenghts to try and falsify his own theories, which Malkiel doesn't do at all.Just a snippet about George Soros from this book, who's achievements are marhttps://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504134111#504134111Yeah, I like A Random Walk Down Wall Street, but I think a great theoretician should go to great lenghts to try and falsify his own theories, which Malkiel doesn't do at all.Just a snippet about George Soros from this book, who's achievements are marThu, 04 Aug 2011 18:18:57 -0500btw, investor, iirc you're echoing another part of malkiel's argument - that picking a genuinely good fund manager is as hard as finding a good investment.https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504132579#504132579btw, investor, iirc you're echoing another part of malkiel's argument - that picking a genuinely good fund manager is as hard as finding a good investment.Thu, 04 Aug 2011 17:45:21 -0500probably a very few, primarily by taking advantage of the idiocy of the others.buffett springs to mind. does well by doing little and waiting for others to make idiots of themselves in herd mode.certainly not an argument in their favour as a class.https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504132499#504132499probably a very few, primarily by taking advantage of the idiocy of the others.buffett springs to mind. does well by doing little and waiting for others to make idiots of themselves in herd mode.certainly not an argument in their favour as a class.Thu, 04 Aug 2011 17:43:32 -0500Don't you believe that certain fund managers can systematically outpeform at all viva? The average fund manager under peforms, and the above average fund managers has probably been lucky, some of them will actually be doing something smart though.Ashttps://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504132275#504132275Don't you believe that certain fund managers can systematically outpeform at all viva? The average fund manager under peforms, and the above average fund managers has probably been lucky, some of them will actually be doing something smart though.AsThu, 04 Aug 2011 17:39:50 -0500I believe that to be a total myth Viva. ------------believe what you want froggy. but that's simply true, and has held true for many decades.and even the funds which appear to outperform trend back towards the mean with time.https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504131149#504131149I believe that to be a total myth Viva. ------------believe what you want froggy. but that's simply true, and has held true for many decades.and even the funds which appear to outperform trend back towards the mean with time.Thu, 04 Aug 2011 17:14:48 -0500I also find that if you don't space out your forum posts, then it can create a strain on your forum image ?https://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504129667#504129667I also find that if you don't space out your forum posts, then it can create a strain on your forum image ?Thu, 04 Aug 2011 16:42:40 -0500I will say one thing that makes very logical sense, when applying a change to any business policy,infra-structure change or upgrading the system , each act of change carries a certain weight of risk. If you don't space out your changes in safe periodhttps://community.betfair.com/general_betting/go/thread/view/94082/28093833/met-some-instetutionul-investers-in-betfair-yesterday?post_id=504129383#504129383I will say one thing that makes very logical sense, when applying a change to any business policy,infra-structure change or upgrading the system , each act of change carries a certain weight of risk. If you don't space out your changes in safe periodThu, 04 Aug 2011 16:36:51 -0500