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Anybody know what the minimum is to invest in this? I emailed them a few months ago trying to invest, but they ignored me. I realize it's going to be a large

by javert 6y ago

Anybody know what the minimum is to invest in this? I emailed them a few months ago trying to invest, but they ignored me. I realize it's going to be a large amount, but is it like $1M+, $10M+, $100M+, or something larger? Also, is there a way to get in, indirectly? For instance, banks will pool smaller investors' money to get them into private equity. Is there a channel like that, to get into Universa? I imagine I would have made a life-changing amount of money if if I had gotten into this fund when I attempted to. (Although my goal was to hedge, not to make money.) Stupidly, I also followed the fund managers's advice (in their literature) of "don't try to do this yourself." In fact I could have done well buying put options.

valuearb 6y ago
Why not just take your money and buy lottery tickets? None of their clients made this return on more than a tiny fraction of their portfolio, and odds are it won’t happen again for decades.
- javert 6y ago
  Please don't talk beyond your expertise. Making this return on a tiny fraction of your portfolio is exactly what hedging is designed to do. The strategy worked as designed. Please don't denigrate legitimate investors by equating them to lottery players. I hesitate to say that much because you don't seem to care about actually understanding what you are talking about, anyway. I feel like I'm just feeding a troll.
  - valuearb 6y ago
    You know nothing of whether the hedge worked, because you don’t know what it’s long term cost is outside some cherry picked return claims. Meanwhile unhedged long term investors will book zero losses simply by not selling, and ultimately regain all and more without paying a hedging tax.
    - javert 6y ago
      > You know nothing of whether the hedge worked, because you don’t know what it’s long term cost is outside some cherry picked return claims. If you've studied the issue, as I have, you'd see that the claims being made, make sense. There isn't reason to question them unless you have some specific evidence to present (which would probably require you to be a client of the fund). You seem to have an unusual perspective. You are super bullish about the market, to the point that you think this kind of event only happens every few decades and you think long-term investors are guaranteed to make money. Yet you are so anti-hedging that you compare it to a lottery and totally denigrate/downplay it. I don't know where that perspective comes from.
      - valuearb 6y ago
        The greatest investor of all time, Warren Buffett, has never used hedging. That’s proof how unnecessary it is. In the long run retained earnings drive market valuations higher. I don’t know how long this bear market will last, or how long it will be till the next one, but I know remaining fully invested beats market timing by the end every time.
        javert 6y ago
        You shouldn't try to market time or hedge unless you know when to do it. I find that I usually don't know when to, so I usually don't want to. But there are exceptions to that. There are times when market timing and/or hedging make sense if you know enough. > The greatest investor of all time, Warren Buffett, has never used hedging. That’s proof how unnecessary it is. I'm not claiming hedging is necessary. I'm claiming hedging can be a rational thing to do. That Buffett doesn't use it, doesn't mean it can't be a rational thing to do. Not everyone has the same knowledge and circumstances as Buffett. Buffett's strategy is undoubtedly not the best strategy for everyone, though it's almost certainly the best strategy for him.

by javert 6y ago

valuearb 6y ago

Why not just take your money and buy lottery tickets? None of their clients made this return on more than a tiny fraction of their portfolio, and odds are it won’t happen again for decades.

javert 6y ago
Please don't talk beyond your expertise. Making this return on a tiny fraction of your portfolio is exactly what hedging is designed to do. The strategy worked as designed. Please don't denigrate legitimate investors by equating them to lottery players. I hesitate to say that much because you don't seem to care about actually understanding what you are talking about, anyway. I feel like I'm just feeding a troll.
- valuearb 6y ago
  You know nothing of whether the hedge worked, because you don’t know what it’s long term cost is outside some cherry picked return claims. Meanwhile unhedged long term investors will book zero losses simply by not selling, and ultimately regain all and more without paying a hedging tax.
  - javert 6y ago
    > You know nothing of whether the hedge worked, because you don’t know what it’s long term cost is outside some cherry picked return claims. If you've studied the issue, as I have, you'd see that the claims being made, make sense. There isn't reason to question them unless you have some specific evidence to present (which would probably require you to be a client of the fund). You seem to have an unusual perspective. You are super bullish about the market, to the point that you think this kind of event only happens every few decades and you think long-term investors are guaranteed to make money. Yet you are so anti-hedging that you compare it to a lottery and totally denigrate/downplay it. I don't know where that perspective comes from.
    - valuearb 6y ago
      The greatest investor of all time, Warren Buffett, has never used hedging. That’s proof how unnecessary it is. In the long run retained earnings drive market valuations higher. I don’t know how long this bear market will last, or how long it will be till the next one, but I know remaining fully invested beats market timing by the end every time.
      - javert 6y ago
        You shouldn't try to market time or hedge unless you know when to do it. I find that I usually don't know when to, so I usually don't want to. But there are exceptions to that. There are times when market timing and/or hedging make sense if you know enough. > The greatest investor of all time, Warren Buffett, has never used hedging. That’s proof how unnecessary it is. I'm not claiming hedging is necessary. I'm claiming hedging can be a rational thing to do. That Buffett doesn't use it, doesn't mean it can't be a rational thing to do. Not everyone has the same knowledge and circumstances as Buffett. Buffett's strategy is undoubtedly not the best strategy for everyone, though it's almost certainly the best strategy for him.