04/06/2007 23:25 PM CDT Asked by mock portfolio
Hey, magician. Quick question: i remember you saying you worked with Bill Gross. Then I remember you saying that you teach at UC Irvine. You're name, by any chance, isn't Ed Thorp, is it?
If so, what should I read to increase my understanding of "wagering"? In regards to investing?
Thanks.

03/12/2007 21:23 PM CDT Asked by magician
If you're suggesting that, for example, my conclusion that the "low-risk, high-return" portfolio is, in fact, fairly high-risk is inaccurate, state your case; I've stated mine and you've done nothing to refute it.

As for my having chosen four mutual funds: perhaps there are reasons for that which you haven't considered.

What's interesting is how you can be sure of something that isn't true: my portfolio's growing at about 30% per year.

03/12/2007 21:02 PM CDT Asked by ssbr
Because of the numb-skull remarks I've seen you post (particularly in regards to Joel Greenblatt's portfolio and the low-risk, high-return portfolio, I felt a comment was warranted. I understand that you're big on historical price fluctuations and reading charts but, frankly, that just seems to be a bunch of nonsense. How would you go about purchasing a private business with no price history?

It is interesting that you have chose 4 highly-diversified mutual funds for your portfolio. That should be a sure-shot to mediocre performance. After subtracting the effects of fees and expenses, I'm sure your portfolio will underperform the broad market indices. Risk, I suppose, is in the eye of the beholder.