tag:blogger.com,1999:blog-5465015914589377788.post999410493818934948..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Winning the Loser’s GameMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5465015914589377788.post-43242971857994761122013-08-30T09:14:10.152-04:002013-08-30T09:14:10.152-04:00@Bet Crooks: Good one. I'd be OK with report...@Bet Crooks: Good one. I'd be OK with reporting fees as infinite.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-345695336877326652013-08-30T08:44:09.476-04:002013-08-30T08:44:09.476-04:00The problem with reporting fees as even something ...The problem with reporting fees as even something so simple as (fees this year/profit this year)*100 is that you can't divide by zero....<br /><br />Sounds like a book worth looking for. Thanks for the tip!Bet Crookshttp://financialcrooks.comnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-43252077743890806372013-08-28T10:53:04.146-04:002013-08-28T10:53:04.146-04:00@Phil: I'm always happy to have a new reader....@Phil: I'm always happy to have a new reader. You can take a poke into my archive of posts to see what I have to offer.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-24481987496481956212013-08-27T18:19:34.698-04:002013-08-27T18:19:34.698-04:00MJoM - What an appropriate book given my comments ...MJoM - What an appropriate book given my comments on another blog. I guess I will have to check it out. Also nice to find out you are a math guy - I'm a retired reliability/quality engineer, so bred from similar cloths - Cheers, and I look forward to reading more of your blog. - PhilAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-40718968834112719122013-08-26T10:31:00.706-04:002013-08-26T10:31:00.706-04:00@AnatoliN: I've never heard of an advisor who ...@AnatoliN: I've never heard of an advisor who takes only a slice of your returns, but maybe they exist somewhere.<br /><br />According to Ellis, amateurs make less than 5% of trades, which leaves slim pickings for the professionals. Mostly the pros have to try to beat each other, a very difficult game considering that the bad pros tend to get forced into other occupations.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-78479274055306149132013-08-26T09:27:58.942-04:002013-08-26T09:27:58.942-04:00Good one - Fees should be expressed as a percenta...Good one - Fees should be expressed as a percentage of “incremental returns over the market index.” Earlier I tried to find an adviser who would take a fee as a percentage of my profit, forget the profit over index. No such luck. That's what's got me thinking about their value.<br /><br />Markets do not create value, they only redistribute it from weak (by definition) amateurs to better equipped and informed professionals. AnatoliNhttps://www.blogger.com/profile/07937984526970646627noreply@blogger.com