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Stocks B / Berkshire Hathaway


Subject:  Re: Iron Condor (revisited) Date:  8/10/2018  12:08 PM
Author:  tedthedog Number:  238114 of 259277

Bottom line, I trust the people and the firm, given the long run history I've seen, but I am looking for others that have also been down this path, and what their personal experiences have been.
I had some money in the volatility premium capture fund 'LJMAX' which was titled "Preservation and Growth".
It had a long track record of nice results for an 'alt', did fine in crashes, and was considered one of the best "alt" funds.
I understood very well what they *said* they were doing (read academic papers on similar approaches complete with backtests etc).
It blew up in early 2018.
Why? Perhaps illegal activity, perhaps stupidity, perhaps both (law suits abound).
The big print in the prospectus of such funds is all about "premium capture", "preservation and growth", "risk management", etc.
The small print typically allows them to *do anything*.
Are you feeling lucky?
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