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View Poll Results: What year will Poker popularity peak? | |||
2006 | 11 | 28.95% | |
2007 | 9 | 23.68% | |
2008 | 2 | 5.26% | |
keep going past 2009! | 16 | 42.11% | |
Voters: 38. You may not vote on this poll |
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#1
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The 2+2 Hedge Fund
Sorry if this might be the wrong forum. I wanted to tap the broadest possible audience....
THE 2+2 HEDGE FUND It is a well known fact that some of the sharpest minds in the world compete with each other daily in the financial markets, capitalizing on opportunities that are among the very largest on earth. David Sklansky needs no introduction, is 100% math-and-logic centric, has a track record of success in zero-sum games. He seems to absolutely love the game of out-smarting the smartest, at the highest possible stakes. I hereby submit that all long-time 2+2ers draft David Sklansky as chief strategist for the yet-to-be-created “2+2 Hedge Fund ” What better playground for David to do his thing than in the financial markets? What better investors than the set of all 2+2ers with over 300 posts? Loyal 2+2ers are already bought in, and there is no need to explain complicated concepts like variance, statistical drawdowns, risk of ruin, stop losses, etc. We, as a group, are Sklansky disciples. By default, we will form the financial core. We already understand. Where do we sign up? Loyal 2+2ers can easily provide the initial capitalization, starting with absolutely nothing, by using David’s poker concepts to remove the required seed money from the poker economy. The money is there, held in trust by the hapless losers that continue to throw good money after bad , day in and day out, in every casino and in every card room in America. These are the losers. These are the set of all non-2+2ers. The Best and the Brightest Once the 2+2 Hedge Fund is established, David can hand-pick his best and brightest poker buddies to step up to the big-time: hedge fund management. David may choose to draft superior poker intellects (for example, Barry Greenstein) to help develop strategies based on poker thinking that consistently extract massive sums from the markets. The end result, assuming a successful Year1, would be a poker PR bonanza of epic proportions. 2+2 Poker Players, Esteemed Worldwide Poker critics worldwide will come to understand there really IS something important to learn in poker. They will come to understand that winning poker players are a high form of life. Academics may finally study winning players, seeking to understand what makes them different from other people. More than a flash in the pan, the Sklansky-driven 2+2 Hedge Fund will put the world on notice that there is much more to poker than dramatic TV, suck-out bad beats and ‘UniBomber’ antics. On the contrary: the 2+2 Hedge Fund will elevate poker thinking to an esteemed art form. This will be inevitable, as the fund extracts billions from the markets, putting the world on notice that individuals that “think in poker” do, quite literally, rule the world. Summary The PR value of the Sklansky Hedge Fund will be great for worldwide poker, great for 2+2 and incredibly lucrative for David Sklansky. Not to mention the financial benefits to loyal 2+2ers, who can dollar-cost-average their poker income into an investment vehicle that will be second to none. |
#2
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Re: The 2+2 Hedge Fund
Count me in. I'd be willing to put up some real cash in such an investment.
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#3
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Re: The 2+2 Hedge Fund
im confused [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img]
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#4
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Re: The 2+2 Hedge Fund
Yea, I am confused as hell here
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#5
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Re: The 2+2 Hedge Fund
You give them money, and they try to make money off the money you give them.
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#6
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Re: The 2+2 Hedge Fund
[ QUOTE ]
You give them money, and they try to make money off the money you give them. [/ QUOTE ] Or more likely, you give them money and they try to get to Mexico. [img]/images/graemlins/grin.gif[/img] Regards Mack |
#7
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Re: The 2+2 Hedge Fund
What on earth could be confusing?
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#8
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Re: The 2+2 Hedge Fund
If these minds are as smart as you think they are, then they will realize that you can not beat the general market index in the long run. This has been proven time and time again. Two professors from Princeton I believe ran a study and concluded that the entire universe of mutual funds(you can substitute hedge fund in here also) underperformed the market by 1.4 % over a thirty year period. They even took into account fund closures, mergers, etc. Can you guess what the 1.4% average underperformace represents? Yep - that was the average fund expense ratio!!! Thus fund managers add no value whatsoever! Sklansky and the rest of the two plus two "brilliant" minds may know poker and a lot of other things, but you are basically wasting your time trying to beat the market. Yes - there may be a few exceptions you can count on one hand: Julian Robertson, Soros, Buffett, Michael Steinhardt, but you're better off just buying spyders and playing more poker my friend.
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#9
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Re: The 2+2 Hedge Fund
[ QUOTE ]
If these minds are as smart as you think they are, then they will realize that you can not beat the general market index in the long run. This has been proven time and time again. Two professors from Princeton I believe ran a study and concluded that the entire universe of mutual funds(you can substitute hedge fund in here also) underperformed the market by 1.4 % over a thirty year period. They even took into account fund closures, mergers, etc. Can you guess what the 1.4% average underperformace represents? Yep - that was the average fund expense ratio!!! Thus fund managers add no value whatsoever! Sklansky and the rest of the two plus two "brilliant" minds may know poker and a lot of other things, but you are basically wasting your time trying to beat the market. Yes - there may be a few exceptions you can count on one hand: Julian Robertson, Soros, Buffett, Michael Steinhardt, but you're better off just buying spyders and playing more poker my friend. [/ QUOTE ] If these minds are as smart as you think they are, then they will realize that you can not beat poker in the long run. This has been proven time and time again. Two professors from Princeton I believe ran a study and concluded that the entire universe of poker players(you can substitute hedge fund in here also) underperformed breaking even by 1.4% over a thirty year period. They even took into account card room closures, mergers, etc. Can you guess what the 1.4% average underperformace represents? Yep - that was the average rake!!! Thus poker players add no value whatsoever! Sklansky and the rest of the two plus two "brilliant" minds may know poker and a lot of other things, but you are basically wasting your time trying to beat poker. Yes - there may be a few exceptions you can count on one hand: Barry Greenstein, Phil Ivey, Doyle Brunson, but you're better off just buying spyders and playing the stock market my friend. |
#10
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Re: The 2+2 Hedge Fund
That was quite funny, and it is interesting to compare the two. I suppose one can argue that most people do not "beat" the game of poker and only a handful make a killing, just like only a handful of "market wizards" beat the S&P 500. I can assure you that most "smart" people who work on Wall Street and I know an awful lot of them, invest their personal funds in Spyders only!!!!!! Thanks for the funny post though. I would bet that even Sklansky would agree with my post.
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