Invest With The House: Hacking The Top Hedge Funds By Mebane T. Faber
Is the house you live in an investment
Just this writing could save a lot of time for readers if it was written like a research paper that is essentially is executive summary followed by data for specific managers for those interested 264 Solid book as usual from Meb Faber. Invest with the housenow Does a good job showing the usefulness of following 13 F filings by profiling how the clone portfolios of some of the best hedge fund managers in the business would have done Also goes into some of the important considerations you need to make when choosing which managers to follow. Invest with the housetakers I ve read this a few times in various forms by now read the chapters as he sent them out on the Idea Farm as well as the final book and they are just a good and informative read 264
Invest With The House: Hacking The Top Hedge Funds By Mebane T. Faber |
English |
264 |
Kindle Edition |
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Invest with the houseman
Investing is a zero sum game One persons win is another s loss The house always wins in the end In this book Faber says the house is the professional managers Faber puts forth a method of cloning the successful hedge fund managers on your own To invest with a hedge fund you need to be a qualified investor 5 million net worth 2 million of investble assets out of reach for a good many of us. Invest With The House epub reader Using the hedge funds quarterly 13 F filings you can get their top ten holdings and purchase on your own You avoid the 2% management fee and the 20% gains fee paid to the fund Though the information is 45 89 days old it shouldn t make a significant difference says Faber as these funds hold for the long term Faber constructs clone funds of numerous hedge funds and back tests them to year 2000 and all significantly outperformed the SP 500 benchmark Of course past results are not a guarantee of future performance. How to get home on a kindle Interesting book but a bit tedious 264 Interesting approach to generate alpha However once everyone knows it does it still hold value 264 It is a list of a hedge funds General idea is good but nothing new James Altucher in Forever Portfolio in 2008 expressed the same idea on much interesting way and his picks made a huge gains by today Personally book was wasting of time for me 264 Strictly for value investing fans Various successful value investors are profiled 264 An interesting strategy to generate alpha although it is not practical when it comes to Indian markets at least yet 264 Nice overview of different Hedge fund managers but no substanceThis little book gives an overview of some of the best hedge fund managers and how their funds have performed over time and how anybody could imitate them But it does not go any deeper than that 264 The book that resonates with Mohnish Pabrai s philosophy anyone making trades greater than 100M producing a consistent CAGR beating the SP and has a buy and hold strategy copy their 13Fs Investing is the intersection of economics and psychology Klarman said The economics the valuation of the business is not that hard The psychology how much do you buy do you buy it at this price do you wait for a lower price what do you do when it looks like the world might end those things are harder Klarman went on to say that some people are born with the nerve and intuition to be great investors For me it is natural For a lot of other people it is fighting human nature Seth Klarman 17% CAGR 264 Ironically a few weeks before I read this my private investment advisor issued a letter stating how bad of an idea it is for people to follow his 13F s and cited numerous reasons given the actual holdings what things aren t required to be shown what valuations they were purchased at etc 264 Research paper wrapped as a bookYou ll get everything you need to know about this topic by reading 10 bullet points handily outlined at the end Everything else is optional Author raises a good relevant question and presents solid findings and if you try to compete against them it s like playing against the house in a casino Luck can be your friend for a while but eventually the house wins But what if you could lay down your bets with the house instead of against it In the stock market the most successful large investors particularly hedge fund managers represent the house These managers like to refer to their top investments as their best ideas In this book you will learn how to farm the best ideas of the world s top hedge fund managers You will learn who they are how to track their funds and stock picks and how to use that information to help guide your own portfolio In essence you will learn how to play like the house in a casino and less like the sucker relying on dumb luck Invest With The House Hacking The Top Hedge Funds.