Why dont certain top trading educators have their own hedge funds?

[safvan]

I was wondering why certain top so called old timers like larry williams, jake berstien, joe ross, ken roberts etc that have probably made money teaching not have their own hedge funds.

surely it would not have been tremendously hard for them to have raised funds.

Are they

1. Not what they claim to be. They are not actually that good?

2. If the above is correct then managers of certain top performing hedge funds are probably the best traders or investors in the world..and one should really just read and follow them or work in their companies.

 

[ldk22233]

Probably because they got their money got out and saved them self from a mental breakdown now probably trade personal funds and teach other people to keep themselves busy and have a purpose!

 

[wackypete2]

I was wondering why certain top so called old timers like larry williams, jake berstien, joe ross, ken roberts etc that have probably made money teaching not have their own hedge funds.

surely it would not have been tremendously hard for them to have raised funds.

Are they

1. Not what they claim to be. They are not actually that good?

2. If the above is correct then managers of certain top performing hedge funds are probably the best traders or investors in the world..and one should really just read and follow them or work in their companies.

Trading a personal account like these guys supposedly did to make their name is worlds apart from trading a hedge fund. You can't make the assumption that being profitable in your personal account equates to being a great hedge fund manager. It's apples to oranges.

You should try doing what you say in #2 and report back to us how that worked out for you.

Peter

 

[bbmac]

Teaching and doing require inherantly different skills. Whilst I think the old adage; '..those that can't - teach (and those that can't teach - teach teachers)..' is probably too simplistic there is also probably some truth in it.The OP's question is based on the premis that every trading educator/teacher wanted to start a hedge fund, - why would they? - there is something to be said from trading own funds and minding one's own business, or indeed from taking no risk at all and still earning a good living by educating ? Re your 2nd point about just following the top performing guys - you think they will give their edge/fund's edge just like that ? I doubt it - it is intellectual property.

G/L

 

[PualoP]

Look at it another way, why don't top hedge fund managers run trading courses/seminars/coaching businesses?

 

[Masquerade]

Look at it another way, why don't top hedge fund managers run trading courses/seminars/coaching businesses?

Because they get paid $20m+/year so they're not going to waste their time speaking to a bunch of drooling idiots who paid $1k for a weekend seminar (which took a load of preparation time and organising) when they could be sitting on a yacht/snorting coke on their penthouse balcony with models or buying more houses/cars in the scarce amounts of free time they get away from the office.

 

[safvan]

Look at it another way, why don't top hedge fund managers run trading courses/seminars/coaching businesses?

Exactly though I do see that a few of them would give lectures from time to time to university students.

 

[safvan]

Teaching and doing require inherantly different skills. Whilst I think the old adage; '..those that can't - teach (and those that can't teach - teach teachers)..' is probably too simplistic there is also probably some truth in it.The OP's question is based on the premis that every trading educator/teacher wanted to start a hedge fund, - why would they? - there is something to be said from trading own funds and minding one's own business, or indeed from taking no risk at all and still earning a good living by educating ? Re your 2nd point about just following the top performing guys - you think they will give their edge/fund's edge just like that ? I doubt it - it is intellectual property.

G/L

By that I meant working for them in their companies.

 

[safvan]

Trading a personal account like these guys supposedly did to make their name is worlds apart from trading a hedge fund. You can't make the assumption that being profitable in your personal account equates to being a great hedge fund manager. It's apples to oranges.

You should try doing what you say in #2 and report back to us how that worked out for you.

Peter

1. Agreed. Getting into a trade with $500k and getting out two days later is worlds apart from getting in with $5 billion and trying to get out even few weeks/months later.

2. Perhaps I will sometime in the near future.

 

[Rhody Trader]

The OP's question is based on the premis that every trading educator/teacher wanted to start a hedge fund, - why would they? - there is something to be said from trading own funds and minding one's own business...

I once had a conversation with Blair Hull, who was featured in New Market Wizards. He obviously had loads of success as a money manager and eventually sold his operation for gobs of money (to Goldman, I think). When I asked him about the idea of getting into money management, though, his advice was something akin to "Run away". It's obviously not the dream career many make it out to be.

 

[rodcar]

There is one its called soundfx i think , and no i have no idea how its going and this is not a recommendation.

 

[VielGeld]

I once had a conversation with Blair Hull, who was featured in New Market Wizards. He obviously had loads of success as a money manager and eventually sold his operation for gobs of money (to Goldman, I think). When I asked him about the idea of getting into money management, though, his advice was something akin to "Run away". It's obviously not the dream career many make it out to be.

Why's that?

I've heard that investors constantly enquiring about their money can be annoying, but don't the benefits far outweigh the negatives, especially if you're successful?

 

[Rhody Trader]

Running a fund stops being about trading very quickly. Not only do you have to deal with investors, you also probably have employees, lawyers, auditors, regulators, and any number of other relationships which need to be managed.