I am surprised that no one in this thread addressed belguy's question. Maybe we should start a KO is an asshole thread. I assume that none of the savvy investors here have bought his overpriced, underperforming funds.
Why is belguy asking the question? Is he considering an investment or is it the usual?
I asked myself the same question, but no, I don't think he's considering investing in KO funds. Probably he just wanted to discuss something other than Europe & btw, that 'BB' comment wasn't very nice.Originally Posted by kcowan
Harold/Jungle: thanks for the book recommendation!
“Simplicity is the ultimate sophistication.”
No one is answering the question? Odd ... earlier up thread:
and then:
These might not be as blunt as "He doesn't know what he is talking about" but the way I read them, they do answer Belguy's question.
As well, the parts about being a promoter who bends (if not breaks) the facts seem to me to be implying he knows to make money off of others but not how to invest.
While I can't speak for any others, savvy or otherwise - I certainly don't own any of KOL's funds or have a prospectus. The few bits I've seen of KOL makes me think he knows self-promotion but not investing.
Maybe Belguy's been planning his investments based on what is seen on "The Lang & O'Leary Exchange" and is now questioning his trust in KOL?
IAC ... unless I missed it upthread, I'm waiting with baited breath to read where you stand on the question ...
Cheers
Last edited by Eclectic12; 2012-05-26 at 10:49 AM.
I amend my statement: KO is an idiot when it comes to business, politics, economics, etc. He is a self-promotion prodigy. He's collecting 1.5% of $1.5 billion on the back of his skill as a promoter, not an investor.
A classic example of his self-aggrandizement is his implied claim to be a billionaire through his carefully worded claim to have sold The Learning Company for billions.
I saw him give a presentation about OL Funds recently. He does not do the investing himself. He started the company because he wanted his money managed according to his beliefs (all the different funds were seeded with his own cash I believe). His main point was if the company does not pay a dividend, he will not own it. So this is the mantra of the fund co. The rest of the talk was about how he gets great inside information and insights from corporate big-wigs in the green room before taping shows and other entertaining insights into the shows he does.
He does talk a good game but his performance vs other dividend funds/etfs is not spectacular. I would like to see a comparison of risk adjusted returns vs peers and indexes before passing judgement.
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feebasedfinancialplanning.info
Most of his funds/ETFs invest in high yield corporate or govt. debt paying around 6% to 7%.
Once you account for the 3% - 4% MER, the net returns for investors is around 2% to 3% at best.
Most of the investors in his funds would have done just as well buying rolling 5 yr. GICs
And so, what does Kevin O'Leary have to say about all of this:
http://www.theglobeandmail.com/globe...rticle2448319/
I think the 400+ comments tell the story more than his gobblygook.
How are your O'Leary funds looking now?
http://www.theglobeandmail.com/globe...rticle4570686/
I am considering starting up the Belguy series of index funds and you can pretty much be certain of achieving better long term returns than with Kevin's offerings.
Last edited by Belguy; 2012-09-26 at 08:28 PM.
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