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Thread: Peter Schiff talks about Mish

  1. #61
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    Quote Originally Posted by LibertyIn08 View Post
    Mish outperforms the S&P index as well as the Hedge Fund tracker index in his absolute return fund.
    Mish beat the S&P one year out of the last five?




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  3. #62

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    Quote Originally Posted by enoch150 View Post
    Mish beat the S&P one year out of the last five?

    Did you see this part?

    Since Inception

    Standard Deviation Mish's fund: 9.3% S&P 500: 16.4%
    Downside Deviation Mish's fund: 5.2% S&P 500: 13.0%
    Correlation to S&P 500 Mish's fund: 0.12 S&P 500: 1

    Higher returns with less volatility. Mish has killed it since inception.

  4. #63

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    Quote Originally Posted by jclay2 View Post
    You have been reading the industry propoganda. Go check out vanguard. Instant diversification and near 0 fees. You could litterally put a schiff portfolio using vanguard index funds in less than an hour. The only thing you would have to do is pick out the 5-6 index funds in your portfolio and your % allocation to each.
    This. Jclay and I actually see eye-to-eye.

    It only makes sense to pay for active management if it's going to bring you better performance than a comparative index. Schiff has failed to do so.

    I think the problem here is that people are saying it's okay for Schiff to charge so much because other companies also do it. That's all kinds of silly, because this isn't about Schiff, really, it's about underperforming asset managers who produce lower returns and charge more for it. I have nothing against paying someone management fees if they're going to give me a better return, but I'm sure as hell not going to support the idea that you should pay someone more for underperformance.

  5. #64
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    Quote Originally Posted by Jordan View Post
    Did you see this part?

    Since Inception

    Standard Deviation Mish's fund: 9.3% S&P 500: 16.4%
    Downside Deviation Mish's fund: 5.2% S&P 500: 13.0%
    Correlation to S&P 500 Mish's fund: 0.12 S&P 500: 1

    Higher returns with less volatility. Mish has killed it since inception.
    I didn't pick the time frame, LibertyIn08 did. Post #10.

    Quote Originally Posted by LibertyIn08
    Mish has outperformed both the S&P Benchmark and the Hedge Fund industry tracker over the last 5 years.
    I just think it's ironic that Mish slammed Schiff back in 2010 for one year's poor performance, but it's only one year's good performance out of the last 5 that has allowed Mish to stay competitive with the S&P.

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