"The investment business is a giant scam" - GoFuckYourself.com

azguy · 12-26-2004, 02:19 AM

LOL.

"The investment business is a giant scam. It deletes billions of dollars every year in transaction costs and fees."

-- 2004, Harvard Management CEO Jack Meyer (Harvard Univ's in-house investment arm), in an interview to BusinessWeek.

http://yahoo.businessweek.com/magazi...2/b3914474.htm

I Like Chocolate · 12-26-2004, 02:44 AM

It's become one giant sales business.

JRingo · 12-26-2004, 02:51 AM

it's been said you'd make more buying Beer with the money you were going to invest and cash in the aluminum than the stock market. it's all a big circle. money has to be made and spent for the economy to keep going.

woj · 12-26-2004, 04:00 AM

You've taken that quote slightly out of contest... I think he meant mutual funds are a scam?

azguy · 12-26-2004, 10:20 AM

Quote:

Originally Posted by woj

You've taken that quote slightly out of contest... I think he meant mutual funds are a scam?

LOL. I guess he meant "money managers" of all kinds and even brokerage firms.

EscortBiz · 12-26-2004, 01:39 PM

i said it once and ill say it again

invest in your own stuff like that if it flops at least its all your fault

investing in some other stuff you have zero control over you will 99% lose your money, if you feel you are going to be the lucky 1% go play lotto

strats · 12-26-2004, 01:41 PM

Quote:

Originally Posted by woj

You've taken that quote slightly out of contest... I think he meant mutual funds are a scam?

Hey dumbass retard, do you happen to mean 'context'?

Pornwolf · 12-26-2004, 01:43 PM

Quote:

Originally Posted by EscortBiz

i said it once and ill say it again

invest in your own stuff like that if it flops at least its all your fault

investing in some other stuff you have zero control over you will 99% lose your money, if you feel you are going to be the lucky 1% go play lotto

Hmm... what's the Powerball jackpot this week? I feel lucky.

ronbotx · 12-26-2004, 02:42 PM

Quote:

Originally Posted by azguy

LOL.

"The investment business is a giant scam. It deletes billions of dollars every year in transaction costs and fees."

-- 2004, Harvard Management CEO Jack Meyer (Harvard Univ's in-house investment arm), in an interview to BusinessWeek.

http://yahoo.businessweek.com/magazi...2/b3914474.htm

Kind of like the Penis Pill and the Dating Sites that many here promote eh?

aaron · 12-26-2004, 02:46 PM

Quote:

Originally Posted by EscortBiz

i said it once and ill say it again

invest in your own stuff like that if it flops at least its all your fault

investing in some other stuff you have zero control over you will 99% lose your money, if you feel you are going to be the lucky 1% go play lotto

stocks are for average people. if you want to be rich you have to be above average.

aaron · 12-26-2004, 02:48 PM

Q: You've had a great run over the past decade, earning a 15.9% annual return. But recently you've been warning Harvard that you don't expect the good times to persist. Why not?

15.9% returns?

sounds fucking horrible.

there is other stuff out there!!!

woj · 12-26-2004, 02:56 PM

Quote:

Originally Posted by strats

Hey dumbass retard, do you happen to mean 'context'?

emthree · 12-26-2004, 03:43 PM

scam is too much of a harsh word

Biggy2 · 12-26-2004, 03:58 PM

He said scam with regards to the fees and transaction costs of outside managers.

Managers will trade your money all day long - they collect commissions in a variety of different ways. First there is direct, then they receive payment for order flow by dealers. He's right, there are so many uninformed traders out there. The comissions dilute your overall return, and therefore with them included they dont outperform, with them excluded they do, but uninformed traders don't realize the true extent of the management fees and commissions.

pornguy · 12-26-2004, 04:02 PM

Use one of the online places like scott trade, and do your own research.

12-26-2004, 02:19 AM	#1
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	"The investment business is a giant scam" LOL. "The investment business is a giant scam. It deletes billions of dollars every year in transaction costs and fees." -- 2004, Harvard Management CEO Jack Meyer (Harvard Univ's in-house investment arm), in an interview to BusinessWeek. http://yahoo.businessweek.com/magazi...2/b3914474.htm

12-26-2004, 02:51 AM	#3
JRingo Registered User Join Date: May 2004 Location: Vegas Posts: 22	it's been said you'd make more buying Beer with the money you were going to invest and cash in the aluminum than the stock market. it's all a big circle. money has to be made and spent for the economy to keep going. __________________ Just another Horse shit Blog - let's trade links

12-26-2004, 04:00 AM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	You've taken that quote slightly out of contest... I think he meant mutual funds are a scam? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

12-26-2004, 01:39 PM	#6
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	i said it once and ill say it again invest in your own stuff like that if it flops at least its all your fault investing in some other stuff you have zero control over you will 99% lose your money, if you feel you are going to be the lucky 1% go play lotto __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

12-26-2004, 03:43 PM	#13
emthree Dialer Kingpin Join Date: Jun 2003 Location: New York Posts: 10,816	scam is too much of a harsh word __________________ • Sell Patches & Pills •

12-26-2004, 02:44 AM	#2
I Like Chocolate Confirmed User Join Date: Dec 2004 Posts: 821	It's become one giant sales business.

12-26-2004, 02:48 PM	#11
aaron Confirmed User Industry Role: Join Date: Mar 2003 Location: USA Posts: 4,452	Q: You've had a great run over the past decade, earning a 15.9% annual return. But recently you've been warning Harvard that you don't expect the good times to persist. Why not? 15.9% returns? sounds fucking horrible. there is other stuff out there!!!

12-26-2004, 03:58 PM	#14
Biggy2 Confirmed User Join Date: Feb 2002 Posts: 1,821	He said scam with regards to the fees and transaction costs of outside managers. Managers will trade your money all day long - they collect commissions in a variety of different ways. First there is direct, then they receive payment for order flow by dealers. He's right, there are so many uninformed traders out there. The comissions dilute your overall return, and therefore with them included they dont outperform, with them excluded they do, but uninformed traders don't realize the true extent of the management fees and commissions.

12-26-2004, 04:02 PM	#15
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Use one of the online places like scott trade, and do your own research. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!