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David,
I'm trying to strike a lower profile on RT's for now but I wanted to thank
you for making my point. I said CLUES not facts, a persons outward choices
like extravagant cars etc. can give you an idea about their motivations, if
you have a person that is inconsistent about getting to work it says
something about their organization and priorities. You apparently thought I
meant that expensive cars and houses were good signs, and I'm saying just
the opposite. Since it's clues we are talking about and not facts, in the
end it's that interview that you will have to trust to get the right take
on things. The very fist thing I said was that I would be looking for
experience and secondly trading philosophy. The rest is secondary.
Best Regards,
Brent
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> From: mundi1@xxxxxxxxxxxxx
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: MONEY MANAGERS?
> Date: Monday, June 29, 1998 6:57 AM
>
> I find it quite disheartening to read some peoples criteria for picking a
manager. As a hedge fund manager there are certian
> qualities that I feel are needed to properly handle and manage peoples
equity. This is a huge responsibilty and cannot be
> taken lightly. For example, even though my newest fund is not closed to
new capital yet, I turn away more people for reasons
> that may seem trite but are very important to myself.
>
> 1. Is the prospective investor knowledgable and vested in the market.
Do they offer me the chance to establish a long
> term relationship. I view all new investors as part of my family as well
as friends. I am as dependent upon them as my
> trading results.
>
> 2. Do they feel comfortable with my trading strategies and allocation
of capital.
>
> 3. Are they greedy or looking for unrealistic returns? WIll I be able
to meet their expectations and help them to
> accomplish their goals?
>
> These are just a few, very few, of the the qestions and criteia that we
discuss in our interview. I think its rediculous to
> see what kind of car I, or they drive.. totally irrevelant. It means
nothing. When I traded on the floor (6.5 years CBOE
> and CBOT) as a market maker...the wealthiest trader and probaly most
respected drove a Camry, or Tom Baldwin a blazer, the guy
> trading next to me had a mercedes, range rover and 2 million dollar
home...he still owes me money, I had to help pay his
> mortage. My point being, the relationship, or possible relationship is
whats important, not cars, not totally track record,
> or home. Every manager is different personality and potential. Take the
time to get to know them and study them...make the
> decision based upon what goals you have, and if this manager will help
you attain them. I could go on and on but I'm sure you
> all ahave better thing to read, any questions please e-mail me..I'll help
if I can.
>
> David Gennrich
>
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