Why Anthony Scaramucci Got Fired From Goldman Sachs | Forbes
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- เผยแพร่เมื่อ 23 ต.ค. 2014
- Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, talks to Steve Forbes about his vision for hedge funds, the increasing power of activist investors, and why he got fired from Goldman Sachs.
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This guy has made a career of getting famous from his firings.
This was an amazing interview, and definitely very insightful!
Great clip Mr. Forbes!
2:18 ... in 2 to 3 years they will look back at this period and say that they caught the bottom keel of the hedge fund market.
july 2017: as of june 30th 2017, skybridge G II fund annualized return for the last three years -0.66% whereas the annualized return for the S&P 500 index is 9.61%.
yeah, i totally want to pay that 5.75% fund sales charge for your superlative returns.
lol same thought
You are really important
Brilliant insightful video
You can hear Goldman in him. Great seller.
He's good with the big words
you can take the man out of GS but you can't take the GS out of the man
I like that
Great video
clearly some commenters here don't know anything about buy side finance. he actually does know what he's talking about
@mitch paul His other favorite strategy was how to money launder
Boy, Mucci is such a smooth talker. Only if he had the IQ to back it up..
They were complaining about low rates, now they complain about rising rates.
He didn't get fired. He started his own gig.
You could have bought the QQQ and average 20 percent since 2009, no fees
hindsight's 2020
Why the hell do all these managers repeat the same strategy? If everyone is doing it, everyone is a sheep!
In all my career I was asking this question. Why mahagers had to repeat the others and mainly on proven mistakes. My explanation is , they are very low level managers and try to advertise what they do by justifying it as the idea that is on fashion . And because those above them are by far more useless and irrelevant to the topic. I have seen it repeated so often that I consider it as a theorem . It still works now that I am retired. People are afraid to fight for improvement , they just want to justify their existence to a post.
I honestly think this interview is different. He makes a point to talk about another way the fund makes money other than the normal long short they do.
What a bad ass.
Scaramucci is a brilliant man.
This dudes sharp af
I want to be a partner in a hedge fund.
Hedge funds are to HEDGE against risk. Like he said his firm was down 19% while s&p was down over 60% in 2008. Yes indexes perform better than a lot of hedge funds in the long run but that’s because more risk = more return.
then what's the point if you end up with less capital?
@@jdamanfable less beta
how are index funds more risk? Generally hedge funds have more risk because of leverage, there are other reasons why indexes do well.
@@BLUEGENE13 they have more risk because the can stay down for a long time
then build a 60/40 stock bond portfolio with a similar risk reward with about 1% the fees of hedge funds
He's full of it. He's just a good talker.
Or you're just butthurt ;)
He's full of what? You don't get employed at Goldman unless you're somewhat intelligent. Where do you work? Home depot?
I wonder how many of you have any idea what a hedge fund really is.
Alan O, I do.
I do
um, what?
since when did steve start blinking???
the people who are supposedly doing well "the distressed assets and activist investors" are really just using the power of litigation or creating synergies to create earnings. what hedge funds have traditionally advocated as their strengths - to identify profitable positions, those guys are losing bad.
13:50 "We went out to see Steve Wynn." LOL
If you change thr law to actually try to get rich people to payntheir taxes they will have to soend more time trying to aviod taxes. Are we seriously supposed to feel bad about that?
So Scaramucci gets paid for underperforming random chance. He also has a wonderful gift for giving long, seemingly meaningful, profound answers.
He's like the Bill Clinton of Goombas.
core skill from HBS
theres a reason this guy is connected with ftx...like seeks like!
Scaramucci is a sharp money manager. Sure talks the talk. Putting 25K into Skybridge is a good move. But If there was no stock market, the economy would be much more productivity-based. And the wealth of the country would be more evenly spread. True, less reward for the risk-takers. But hard-working jobs would be rewarding. To provide funds for Creativity, Corporations could still finance their R&D without a stock market.
anyone else find this guy cause of vulcanforged?
Wow this guy's legit calling it how it is and now it's 2020
I'm a big supporter of Gov. Romney and I'm lower low low low class. The is the USA, my Dad taught me never to be jealous of other people's money. I know if I work hard maybe one day I can get interviewed by Mr. Forbes. Stop hating the rich! If you do go live in Cuba!
I can assure you, you'll never be rich unless someone makes you so. I know this because you're not intelligent enough.
Make Humanity Great Again, Isn't it obvious? I think he knows that people don't just make money out of nothing. People like him believe that if you work hard enough, you will make a lot of money and that's true. We don't need you socialists telling him otherwise.
You and your dad are stupid. Listen these people are making billions by cheating and if you're too stupid to see that then you deserve what you get.
I'm not a fan of Romney, but am of your statement. I grew up very poor, even got welfare from time to time, and currently make more money annually than I thought I could ever make, and it was from hard work, taking risks to my career, and not taking no for an answer. I, sure as heck, was not handed anything. The rich are not to be hated, frankly, they employ most of USA, those that they do not employ are either in business for themselves or like @MichelineBergett waiting for money to fall from the sky
kd47730 you go man! Keep up the positive thoughts and attitude
how tall is mooch?
1plus11000 fairly short
。
How to be a hedgefund manager: Use large words, do everything like the other hedgefunds, spit bullshit
you may think that you are being humorous but you are not. what you have described is 'suboptimal decision making' which is at the heart of what is wrong with actively managed funds. you sir, are closer to the truth than you intended to be.
Try to be a hedgefund manager with 10 billion AUM. I bet you will lose your investors a shitload of money within 5 years hahaha
which would make me identical to Anthony... The whole idea here is that hedge funds are meaningless, especially for long term investors. Since these funds manage a lot of funds for pension boards, and union trusts, their sub standard performance in the long run (and evidently the short run as well), makes them pointless.
Zach Noegel.
Modern investment finance is an elaborate con game.
Hedge funds should be illegal and a felony to participate in this criminal activity.
based of what ? i am a hedge fund guy with institutions as investors and i am buying and selling stock and currencies, commodities and doing nothing illegal. my investor benefit from my trading and views and i get a part of the benefit. what s wrong with that?
This Guy speaks to hear himself speak.
Maybe he should try English
Something tells me you listen to hear your own opinions.
Maybe you need to learn finance terminology
Why on earth did this guy decide to work at the white House.
To kick some people out which he did
never heard of this gay man, steve
Scaramucci is a brilliant man.