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Posts by wakefinance

I'll take that as your tacit acknowledgement of the fact that you once again said something indefensible and, instead of admitting your fallacy and making a valid assertion supported by logic or fact, attempted to divert attention to another subject. What baffles me is that you didn't even have to say I was right about anything. I asked for an explanation of something that happened. I hope you manage conversations better in real life.
If you're talking about rates of return then absolutely, yes, a public fund will likely never outperform a proprietary one.
I would wager I know as much as you do.As for your question, I agree that a bank would use more complex trading strategies on a proprietary fund. As with hedge funds, a fund closed to the public will employ techniques that regular investors may neither understand nor be comfortable with. Where I disagree with you is that banks make more money from their private investments.
No your responses are what is sad. Disregard whatever you think my premise is. Tell me why Apple made iWork free.
 You literally just said that they were henceforth free.  I asked you why they were made free.  I could have worded my question to say, "Why, henceforth, shall iWork be free with the purchase of a Mac."  Same question.
  Also you never answered my question.  
 It would have been much easier if you had just agreed with me the first time instead of trying to shoot down something simply because it didn't come from your keyboard.
 I think you're trying to get at the concept of hedging but you're not hitting the mark.  Every fund is risk-hedged on its own in some way.  Firms have different funds invested in different ways to suit different investor needs.  Firms want their own money to do just as well as their clients' money.  In fact they would prefer their clients' do better if they had the explicit choice because most of their assets are invested by outsiders.
 That's not equivalent.  A lie is intentionally misleading.  Analyst expectations are designed to be informative, but the people who actually use them understand that nothing is certain and that there is always risk involved in making predictions.  Software can sell hardware even when it costs money, so that's not a valid explanation of the change in pricing from not free to free.
 You're putting a lot of words in my mouth.  Apple isn't doomed and I don't want them to be.  But facts and events are completely unrelated to my wishes or yours, so I don't know why you're trying to make that connection anyway.
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