27 replies to this topic

[selecto]

[SemiBizz]

You know you can tell the people that do well, they don't spend any time at all bashing their "competitors". They are above it. They are not starved for recognition nor seek it. Recognition is usually the $$$ rewards they reap for themselves and hopefully their clients. Attacking your competition publicly and touting your own expertise doesn't speak of any self-confidence. Grow up.

[TrillionDollarMan]

Having a hard time tracking Hussman in 1990's here. I subscribe to Timer's Digest, and I do see that in the 1992 TIMER OF THE YEAR standings, Hussman finished 2nd, ahead of our friend Don who was listed as 7th... HOWEVER, I do not see Hussman listed in the year end "baseball card" summary stats for each Timer tracked over there. Hussman followed up 1992 in 4th place for the year in 1993 (Wolanchuk not in top 10 that year), and is not seen again among the top 10 for the year after that. In the 2 year "long term" category, Hussman finished 6th in 1992 (Wolancuk was 2nd), 4th in 1994 (Wolanchuk 10th), and no more Hussman after that. WHO can fill in the gaps? His recent returns can be found easily, and he outperformed the , and has underperformed the bool TDM

[dcengr]

You know you can tell the people that do well, they don't spend any time at all bashing their "competitors". They are above it. They are not starved for recognition nor seek it. Recognition is usually the $$$ rewards they reap for themselves and hopefully their clients. Attacking your competition publicly and touting your own expertise doesn't speak of any self-confidence. Grow up.

Actually people who do well live in the hamptons and vacation to florida during winter

I dunna think they live in michigan and freeze during the winter

[n83]

Dr. Hussman has made a ton of money for his fund holders and for himself in the process. This guy is impressing me more every time I read his work.

'Dr. Hussman has made a ton of money for his fund holders and for himself in the process." oH REALLY....LOL

hussman is a professional tape fiter.....lol.........thinks fundamentals are a leading indicator for the stock market....lmao...

I have a problem with the claims Hussman makes about returns of his fund. My own account open in January of 2004 shows now a 10% cumulative return, not 15%+ as he claimed. So, his average return since inception is also a suspect. His main criteria of market condition is P/E ratio, and, therefore, we automatically in a bear market which should be hedged. In 2000-2002 period we indeed had a bear market, but he continues to be bearish since. So, his fund become a typical bear fund that makes money on market declines.

After losing his [bleeep] in the 90.s he started over in 2000........lmao...

Dr. Hussman has made a ton of money for his fund holders and for himself in the process. This guy is impressing me more every time I read his work.

I agree. He's very disciplined and has the ability to calculate probabilities scientifically. His prior essay on Bayes' rule was especially interesting. If you're interested in quantitative analysis check out Jeremy Grantham's "Letters to the Investment Committee" at gmo.com. For my money, he's the best "quant" in the business -- and he has a 28-year track record to prove it. Like Hussman, he failed to meet most of his benchmarks last year, and he's now predicting a 10% gain as the most likely outcome for 2007. But he also acknowledges a 15% possibility of a major setback this year -- and increases that risk for each of the successive three years. He also writes with genuine grace and humor -- a welcome alternative the grunting, snorting and pidgin' prose that we get so much of here.

"He also writes with genuine grace and humor "....lol......an articulate incompetent......sucks em in every time........like mussolini n hitler.........snort snort

duh clowns-lol

Having a hard time tracking Hussman in 1990's here. I subscribe to Timer's Digest, and I do see that in the 1992 TIMER OF THE YEAR standings, Hussman finished 2nd, ahead of our friend Don who was listed as 7th... HOWEVER, I do not see Hussman listed in the year end "baseball card" summary stats for each Timer tracked over there. Hussman followed up 1992 in 4th place for the year in 1993 (Wolanchuk not in top 10 that year), and is not seen again among the top 10 for the year after that. In the 2 year "long term" category, Hussman finished 6th in 1992 (Wolancuk was 2nd), 4th in 1994 (Wolanchuk 10th), and no more Hussman after that. WHO can fill in the gaps? His recent returns can be found easily, and he outperformed the , and has underperformed the bool TDM

lol

You know you can tell the people that do well, they don't spend any time at all bashing their "competitors". They are above it. They are not starved for recognition nor seek it. Recognition is usually the $$$ rewards they reap for themselves and hopefully their clients. Attacking your competition publicly and touting your own expertise doesn't speak of any self-confidence. Grow up.

Actually people who do well live in the hamptons and vacation to florida during winter I dunna think they live in michigan and freeze during the winter

lmao

he.s no peer of mine..........tell me something...did you ever wonder why nobody quotes a bull around here....i mean a real bull????.......lmazof......i despise people who hang out a shingle and tell the world they are market gurus then procede to destroy the good name of market analysis .....they should all be hung by their thumbs.....

Why don't you call up CNBC and ask them to invite you? Hell they put Nenner on, they're certainly going to invite you. Just tell them you went long S&P since 1080. They'll recognize your genius right away.

lol lol great thread..gnight and good luck all (including dw)

Edited by n83, 06 February 2007 - 10:24 PM.

[OEXCHAOS]

hussman is a professional tape fiter.....lol.........thinks fundamentals are a leading indicator for the stock market....lmao...

I have a problem with the claims Hussman makes about returns of his fund.
My own account open in January of 2004 shows now a 10% cumulative return, not 15%+ as he claimed.
So, his average return since inception is also a suspect.
His main criteria of market condition is P/E ratio, and, therefore, we automatically in a bear market which should be hedged. In 2000-2002 period we indeed had a bear market, but he continues to be bearish since.
So, his fund become a typical bear fund that makes money on market declines.

Any and all performance assertions by a mutual fund manager are almost assuredly beyond reproach. These guys are HEAVILY regulated and if their audited returns differ a jot from what they report, there's hell to pay.

In other words, his stated returns are NOT suspect. Your accounting of your returns, or your match of time periods is what's suspect. If you are still convinced that his numbers are suspect, I'd advise you to get a lawyer and start suing, because if you're right, you'll win easily. Of course, you might want to double check your math before you start impugning the reputation of a good professional (and fellow NU ed. Alum, I might add).

John's bias are what they are and I can't speak to them, but his honesty and professionalism are definitely top notch.



Mark

[OEXCHAOS]

Dr. Hussman has made a ton of money for his fund holders and
for himself in the process. This guy is impressing me more every
time I read his work.

Three quarters of his investors joined the fund after 2003 and received a meager return on their money.

Uh, yeah. That's what happens to folks who chase performance. Almost every time. If we go into a sloppy market, he'll outperform again. It's standard for those guys who seek good risk adjusted returns. Similarly, the high-flyin' momentum guy who kicks booty in a raging Bull market and who gets tons of new investors at the highs will kill them during the next Bear market. The difference is one guy gets paltry returns when he's off and the other gets huge losses when the market turns against him.



I'll make you a bet. I'll Buy dinner if Hussman doesn't outperform MOST of the funds who beat him over the last three years during the next three. What do you say?



Mark

[pdx5]

Mark, am I allowed to double the dinner bet on your side ? And let me just add if I may without offending anyone....people who are near retirement or retired should play it somewhat conservatively. It is much much much better at that point in your life to make mediocre returns rather than lose a big chunk.