@juststopcoal@BDools2@SouthernValue95@ChrisBloomstran Charging 2/20 while having 1/3rd of your portfolio in Berkshire and “knowing Berkshire better than the analysts” while underperforming both Berkshire and the S&P for two decades should be a criminal offense.
@juststopcoal@BDools2@SouthernValue95@ChrisBloomstran Put another way, I start with $1 and double it in my 1st year. Then investors give me an additional $10 in the 2nd year and my performance is -25% in year 2. My time-weighted return is +50%. But overall, Ive actually lost money and my $ weighted return is -17%. That’s Bloomstran
@juststopcoal@BDools2@SouthernValue95@ChrisBloomstran Yes, on a time-weighted basis which is misleading. Basically, he outperformed his 1st 2 years while managing a small amount of $. Then significantly underperformed most years since while managing more $. On a $ weighted basis, he’s done horribly since inception.
@juststopcoal@BDools2@SouthernValue95@ChrisBloomstran His time weighted inception to date return is only decent because of 2 good years over 20 years ago. He has been a disaster over the last 20 years time-weighted. And a disaster inception to date $-weighted (which is what matters).
@juststopcoal@BDools2@SouthernValue95@ChrisBloomstran Had his best year ever last year and is still significantly underperforming the S&P over 5, 10, 15 and 20 year trailing periods. As the saying goes: even a broken clock is right twice a day. 🤷♂️
@MartinShkreli@StanphylCap Jesus. And I thought @ChrisBloomstran was bad. 😂😂😂. He has significantly underperformed the market for two decades and charges 2/20 to have 1/3 his portfolio in Berkshire. But at least his returns are still positive. @StanphylCap incredible work, man 🤦♂️
@KrissBergTweets@porterstansb In a few billion years when the sun does destroy earth, Porter, from his grave, will be proudly boasting that he was right about the end of America. 😂
@jakegonz73@TonyBuzbee2 You missed the point. The Bush family was in Texas long before Tony was born. Tony and the bushes have a vacation home in Maine. Hilarious for Tony to say “go back to Maine”. Bet Tony spends more time in Maine than they do 😂😂