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Talking Real Money - Investing Talk

Worse Than a Stopped Clock

Talking Real Money - Investing Talk

Don McDonald

How To, Education, Business, Investing

4.5811 Ratings

🗓️ 3 April 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Expert financial advice that has rarely been right. Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0

The five pound meal deal from McDonald's.

0:02.0

Get a cheeseburger or mayo chicken, medium fries, four McNuggets and a medium soft drink for guess what?

0:08.0

That's right, five pounds.

0:10.0

It's not called the five pound meal deal for nothing.

0:14.0

From 11 AM, not available on delivery.

0:16.0

Carbonated soft drink upgrade fees apply.

0:18.0

Participating restaurants, subjects, availability.

0:27.7

Reality Radio for a really great future.

0:29.7

We're talking real money.

0:33.9

Whenever we have a market like this one, you can expect that publications and media groups or media channels like MarketWatch,

0:41.8

Yahoo Finance, or CNBC, Fox Business, those kinds of things, are going to run stories

0:49.5

about those people who were prescient enough, brilliant enough to call this event on the nose.

1:00.5

Right?

1:01.5

They're always saying, well, so-and-so predicted this would happen.

1:06.9

Well, right now that's so-and-so, according to Market Watch and Yahoo Finance, is a guy by the name of Dan Niles. Now, listen to this headline from MarketWatch. He nailed the March coronavirus sell-off. Now he says there's another 30% to go before the stock market hits bottom. Well, darn it, Dan must be really, really smart,

1:34.0

because he nailed this. And he now says it's going to get even worse. Well, it might. But how is Dan's track record? I think we should look back as best we can.

1:48.6

Now, it's not easy because Dan runs a hedge fund for a group called Alpha One. The fund is the Sartori Fund,

1:59.0

the Alpha One Sartori Fund.

2:01.6

And thankfully, there was a track record of sorts published in 2019 by Yahoo Finance.

2:12.1

So I went back and looked at the track record.

2:14.6

Now, this is a long, short fund.

2:16.9

I don't know what the fee structure

...

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