Phil Jacksonian

2 Comments

    • Ten Things You Can Worry About [view article]
      There is no such thing as foreign reserves. You simply click online and buy 100 million at a shot on vwap until you have a global currency index. This can be done ex-US dollar. That's why the dollar has fallen so much in the first place. Everyone holding dropping currency reserves has already sold privately. How naive to think that sovereign trading pools don't manipulate currency actively and with the push of a button. Apr 18 09:51 PM
    • Why Do Investors Pay Fund-of-Funds Managers? [view article]
      The fund of funds are only useful if they can direct you into the small shadow/neglected ones or have a way into the closed ones you can't enter. Otherwise they have nothing but management fee drag to offer the investor. They will not willingly switch to a $100 hour consulting fee when they are earning millions so don't expect that until a Vanguard type philosophy kicks their collective butts. Apr 18 09:44 PM
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