Askar

Deep Finance Analysis

Legends of Trading

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[Askar @Askarankar]

Jim Simons explains why he walked away from Renaissance to solve a different problem

pause at 0:47 - this is the investment he thinks delivers the biggest long-term returns

"yeah, we give them extra money, $15,000 a year"

"we have 800 math and science teachers in New York City"

rewind to 0:28 - his approach to fixing education is the opposite of what most systems do

"instead of beating up the bad teachers... we focus on celebrating the good ones"

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[Askar @Askarankar]

Warren Buffett explains why inflation starts long before prices explode

pause at 0:25 - this three-word phrase captures an entire economic cycle

"cash is trash"

"people were losing faith in the currency"

rewind to 1:42 - this is where he explains what central banks can't really control

"we have a lot of control over whether rates may go up a half a point or down a half a point"

"we may have less control over whether they go up 50 points"

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[Askar @Askarankar]

Warren Buffett explains why inflation starts long before prices explode

pause at 0:25 - this three-word phrase captures an entire economic cycle

"cash is trash"

"people were losing faith in the currency"

rewind to 1:42 - this is where he explains what central banks can't really control

"we have a lot of control over whether rates may go up a half a point or down a half a point"

"we may have less control over whether they go up 50 points"

save it, then watch

[Askar @Askarankar]

Jim Simons explains the limit that even the world's best quant fund can't overcome

pause at 1:57 - this is why Renaissance couldn't just keep raising more money

"it can manage a certain amount of money... but it can't manage an enormous amount of money because you're going to end up pushing the market around too much"

"if you want to buy 200,000 shares, you're going to push the price"

rewind to 1:23 - the prediction engine is much simpler than people imagine

"it's mostly statistics"

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[Askar @Askarankar]

Jim Simons explains the limit that even the world's best quant fund can't overcome

pause at 1:57 - this is why Renaissance couldn't just keep raising more money

"it can manage a certain amount of money... but it can't manage an enormous amount of money because you're going to end up pushing the market around too much"

"if you want to buy 200,000 shares, you're going to push the price"

rewind to 1:23 - the prediction engine is much simpler than people imagine

"it's mostly statistics"

bookmark this, then watch

[Askar @Askarankar]

Peter Lynch explains the investing habit that made him one of Wall Street's greatest stock pickers

pause at 0:44 - this is the simple rule he says almost anyone can use

"look at 20, you'll find two"

"look at 40, you'll find four"

rewind to 1:55 - his biggest winner wasn't some obscure financial trick

"my largest position was in Hanes"

"it had these pantyhose called legs"

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[Askar @Askarankar]

Peter Lynch explains the investing habit that made him one of Wall Street's greatest stock pickers

pause at 0:44 - this is the simple rule he says almost anyone can use

"look at 20, you'll find two"

"look at 40, you'll find four"

rewind to 1:55 - his biggest winner wasn't some obscure financial trick

"my largest position was in Hanes"

"it had these pantyhose called legs"

bookmark this, then watch

[Askar @Askarankar]

George Soros says the global financial system is built on a false assumption

pause at 0:02 - he opens with one of the boldest claims you'll hear from a billionaire investor

"fabulous, powerful, global financial system should be built on false premises"

"let's assume you and i could put at this table the heads of Citigroup and J.P. Morgan Chase"

freeze it at 1:17 - this is where he explains why he's saying it

"i'm a guy who cleaned up in the market, became a billionaire"

save it, then watch

[Askar @Askarankar]

George Soros says the global financial system is built on a false assumption

pause at 0:02 - he opens with one of the boldest claims you'll hear from a billionaire investor

"fabulous, powerful, global financial system should be built on false premises"

"let's assume you and i could put at this table the heads of Citigroup and J.P. Morgan Chase"

freeze it at 1:17 - this is where he explains why he's saying it

"i'm a guy who cleaned up in the market, became a billionaire"

save it, then watch

[Askar @Askarankar]

Warren Buffett on when to actually buy - and who's working against you the whole time

"but the best opportunities have probably come when the macro environment leads to panic"

freeze it at 0:37 - most people hear this line and think he's joking

"well, the most likely time to buy things is when nobody else will answer their phones"

"they use the information they get from you about what you wanna do to go out and kill you some other way"

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[Askar @Askarankar]

Warren Buffett on when to actually buy - and who's working against you the whole time

"but the best opportunities have probably come when the macro environment leads to panic"

freeze it at 0:37 - most people hear this line and think he's joking

"well, the most likely time to buy things is when nobody else will answer their phones"

"they use the information they get from you about what you wanna do to go out and kill you some other way"

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[Askar @Askarankar]

Bill Ackman on finding $5 billion hiding inside a stock nobody was paying attention to - in 2004, with a tiny little fund

"we were kind of an activist stock picker... we would buy large stakes in companies that we thought were great businesses or had great assets, but were under managed"

pause at 1:18 - that's the exact second he says the number

"you could fairly clearly see that business was worth about $5 billion at least"

"it had about $450 million of operating income. but you could buy all of Wendy's for $5 billion"

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[Askar @Askarankar]

Bill Ackman on finding $5 billion hiding inside a stock nobody was paying attention to - in 2004, with a tiny little fund

"we were kind of an activist stock picker... we would buy large stakes in companies that we thought were great businesses or had great assets, but were under managed"

pause at 1:18 - that's the exact second he says the number

"you could fairly clearly see that business was worth about $5 billion at least"

"it had about $450 million of operating income. but you could buy all of Wendy's for $5 billion"

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[Askar @Askarankar]

Charlie Munger on the one teacher who awestruck him more than any mathematician or physicist he ever met

"I have never been awestruck by any other teacher in my whole life, including some gifted mathematicians and physicists who did some remarkable things"

"but Fuller really, really had me"

freeze it at 0:19 - hear exactly what Fuller almost turned him into

"he was like Moses or something going down to the mountaintop"

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[Askar @Askarankar]

Charlie Munger on the one teacher who awestruck him more than any mathematician or physicist he ever met

"I have never been awestruck by any other teacher in my whole life, including some gifted mathematicians and physicists who did some remarkable things"

"but Fuller really, really had me"

freeze it at 0:19 - hear exactly what Fuller almost turned him into

"he was like Moses or something going down to the mountaintop"

bookmark this, then watch

[Askar @Askarankar]

Jim Simons admits he spent six months running a failing business - and was still bad at it

"I came to the conclusion, I'm doing a better job than the guy who was there before, but I'm not doing a very good job"

pause at 0:35 - count how many times he says "distributor from St. Louis" and why

"I found myself in business meetings with a distributor from St. Louis and thought, what am I doing spending my time with some distributor from St. Louis? This is not the way I want to run my life"

rewind to 1:36 and listen to what he says right after that 85 percent

save it and watch the full thing

[Askar @Askarankar]

Jim Simons admits he spent six months running a failing business - and was still bad at it

"I came to the conclusion, I'm doing a better job than the guy who was there before, but I'm not doing a very good job"

pause at 0:35 - count how many times he says "distributor from St. Louis" and why

"I found myself in business meetings with a distributor from St. Louis and thought, what am I doing spending my time with some distributor from St. Louis? This is not the way I want to run my life"

rewind to 1:36 and listen to what he says right after that 85 percent

save it and watch the full thing

[Askar @Askarankar]

Marc Andreessen just admitted what Silicon Valley actually thinks about going public

"the goal of every Silicon Valley startup is to get all the way to series Z, and then every once in a while an accident happens and they go public"

pause at 0:52 - what he calls "inconceivable" when he started in this industry

"the marginal investor in the public market is very interested in short-term performance, and the number of investors that really want to invest for a 10- or 20-year period is not that big"

"in the first six months, startup investment was $292 billion, which is just $10 billion short of the capital deployed in all of last year"

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[Askar @Askarankar]

Marc Andreessen just admitted what Silicon Valley actually thinks about going public

"the goal of every Silicon Valley startup is to get all the way to series Z, and then every once in a while an accident happens and they go public"

pause at 0:52 - what he calls "inconceivable" when he started in this industry

"the marginal investor in the public market is very interested in short-term performance, and the number of investors that really want to invest for a 10- or 20-year period is not that big"

"in the first six months, startup investment was $292 billion, which is just $10 billion short of the capital deployed in all of last year"

save this, then watch

[Askar @Askarankar]

Bill Ackman reveals how he made 100x on a single macro bet - and a new one he's running right now

"we bet that the credit spreads would widen because we'd have to shut down the global economy"

pause at 1:31 - that's the exact second the number lands

"you made 94 times your money investment, more or less"

"almost 100 times, actually"

"actually we're betting that the Federal Reserve is going to have to cut rates more quickly than people expect"

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[Askar @Askarankar]

Bill Ackman reveals how he made 100x on a single macro bet - and a new one he's running right now

"we bet that the credit spreads would widen because we'd have to shut down the global economy"

pause at 1:31 - that's the exact second the number lands

"you made 94 times your money investment, more or less"

"almost 100 times, actually"

"actually we're betting that the Federal Reserve is going to have to cut rates more quickly than people expect"

save it, then watch. follow me

[Askar @Askarankar]

Ray Dalio just said something about wealth and money that most people have completely backwards

"if you raise taxes by 4% across the board and cut spending by 4%, you could bring the budget deficit down to about 3% of GDP"

pause at 1:21 - that's the second the number drops

"they're irreconcilable differences, and they can't resolve that, and difficult things will happen"

"wealth has become so much bigger than money. wealth is not money"

save this, then watch full. FOLLOW for more

[Askar @Askarankar]

Ray Dalio just said something about wealth and money that most people have completely backwards

"if you raise taxes by 4% across the board and cut spending by 4%, you could bring the budget deficit down to about 3% of GDP"

pause at 1:21 - that's the second the number drops

"they're irreconcilable differences, and they can't resolve that, and difficult things will happen"

"wealth has become so much bigger than money. wealth is not money"

save this, then watch full. FOLLOW for more

[Askar @Askarankar]

Michael Burry explains how he put an exact date on the 2008 crash before anyone else was looking

"why are home prices diverging, up and away from the household income trend line? answer: if it's not income, it's leverage"

pause at 1:05 - that's the exact second he names what he went looking for in the mortgage terms

"what exactly are the incentives of lenders that make mortgages only to sell them on through to Wall Street? answer: volume at the expense of credit standards"

"the answer to this question would put a ticking timer on the boom and a date on the crash"

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[Askar @Askarankar]

Michael Burry explains how he put an exact date on the 2008 crash before anyone else was looking

"why are home prices diverging, up and away from the household income trend line? answer: if it's not income, it's leverage"

pause at 1:05 - that's the exact second he names what he went looking for in the mortgage terms

"what exactly are the incentives of lenders that make mortgages only to sell them on through to Wall Street? answer: volume at the expense of credit standards"

"the answer to this question would put a ticking timer on the boom and a date on the crash"

Bookmark & Watch It

[Askar @Askarankar]

Charlie Munger on the contrarian mental trick he's used his whole life

"my grandfather would say to me when I'm swimming - swim as long as you want, but stay near the shore"

pause at 1:22 - that's when he names the military technique he borrowed and the word he uses every time a decision gets hard

"there are a lot of practical problems in algebra that if you invert, you can solve easily. if you don't, you can't"

"I'd say: what could I do that would most easily hurt India?"

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[Askar @Askarankar]

Charlie Munger on the contrarian mental trick he's used his whole life

"my grandfather would say to me when I'm swimming - swim as long as you want, but stay near the shore"

pause at 1:22 - that's when he names the military technique he borrowed and the word he uses every time a decision gets hard

"there are a lot of practical problems in algebra that if you invert, you can solve easily. if you don't, you can't"

"I'd say: what could I do that would most easily hurt India?"

Bookmark & Watch It

[Askar @Askarankar]

Jim Simons reveals where Renaissance got its data when none of it existed on computers

pause at 0:31 - that's the exact moment he describes it

"we went down to the Federal Reserve and copied interest rate histories and stuff like that, because it didn't exist on computers"

"well, in a certain sense, what we did was machine learning"

"I mean, everything is grist for the mill, except hem lengths, I have to say"

watch, and bookmark it

[Askar @Askarankar]

Jim Simons reveals where Renaissance got its data when none of it existed on computers

pause at 0:31 - that's the exact moment he describes it

"we went down to the Federal Reserve and copied interest rate histories and stuff like that, because it didn't exist on computers"

"well, in a certain sense, what we did was machine learning"

"I mean, everything is grist for the mill, except hem lengths, I have to say"

watch, and bookmark it

[Askar @Askarankar]

Michael Burry read every loan contract Wall Street was selling. nobody else had

pause at 2:18 - the exact second he says what "a ton" actually came out to

"if just a small percentage of the dicey loans went bad, and he wanted to bet against the worst of them"

"the contracts were called credit default swaps"

"made a ton of money. much more than I ever imagined I'd ever have"

Bookmark & Watch It

[Askar @Askarankar]

Michael Burry read every loan contract Wall Street was selling. nobody else had

pause at 2:18 - the exact second he says what "a ton" actually came out to

"if just a small percentage of the dicey loans went bad, and he wanted to bet against the worst of them"

"the contracts were called credit default swaps"

"made a ton of money. much more than I ever imagined I'd ever have"

Bookmark & Watch It