Kavango Resources Share Discussion Threads

[ruth] 09/4/2002 18:37

i think the general view then is that hes a useless git,lol

[seela] 09/4/2002 17:04

Star

What is the fund thast has never had a negative month?

Bet they're closed!

[starseeker] 13/3/2002 14:00

Renda2

absolutely !!!

the thing is whether classed as a managed fund, asset management, investment management or discretionary fund management, it amounts to the same thing i.e portfolio management, the same as what we all do only difference being the time horizons.

you are quite right in thinking that most fund managers fail to beat the index, the alternative was to buy tracker funds, but that was of only good use when the markets were going up. to summarise if you charge an active fee you should take active bets and some managers take high conviction but low risk bets and still outperform the index.

then hedge funds were born, I know one that has never had a negative month over the past 10 years !! impressive hey.

regards.

star.

[renda2] 13/3/2002 13:33

Star

Ah but isnt that a managed fund the very thing that "Tracker funds" say doesn't work!

lol

Regards

Andy

[jonc] 13/3/2002 13:23

He WAS sacked then!!

[jhurbanek] 13/3/2002 13:22

The official line is the that ST column created a conflict of interests.

John

[starseeker] 13/3/2002 13:21

Renda2

That's is a bit sweeping, some managers don't run quasi tracker funds that surround themselves around their respect benchmark and instead taking active bets against it and some of those produce consistent returns above that.

Regards.

Star.

[cymro] 13/3/2002 11:29

Does anyone have any quotable quotes from Kavs?

cymro

[renda2] 13/3/2002 10:17

Analyst what can i say? Commisserations mate!

I once had dealings with Invesco (discretionary management) although we are talking 12 years ago now worst performing Pep I've ever seen with the best perfoming stocks in it! Unfortunatly everytime a profit existed they charged it out of existence.

Andy

[adamh] 13/3/2002 08:59

The chump was on Bulls and Bears last night, i was half expecting the simpleton to tip KWL or BLM but instead we were treated to Rolls Royce "because it has halved"......brilliant!!!!

[analyst] 13/3/2002 08:52

Andy - I did that once! (Options Direct it was - just whacked everything into VOD SPW & BASS, wrote covered calls once and then did nowt for over a year. Jeez!)

[renda2] 12/3/2002 23:39

From what i've seen over the years anyone choosing a "Discretionary management" service needs to see a psychiatrist... Thats the same queue as someone choosing a tracker fund!

What idiot would hand money over and give permission to the fund manager to move money around everytime a profit exists or loose money if the market goes down?

Andy

[martini] 12/3/2002 22:22

Having just received Michael Walters latest Investment Comments Email I see he has been taking a peek at the BB's again and stuck the knife into Kavanagh even posting a link to the site mentioned above ( )
Miaow Michael
M:)

[kd1] 12/3/2002 22:18

Quote of the day

"It therefore does not make sense to utilise a stop loss policy as it shows that you do not trust your analysts.”

[cymro] 12/3/2002 21:23

I am kicking myself I hadn't kept a note of some of the things Kavs said - some real wacky predictions - there was a classic about PSION that I can't remember exactly. In all fairness he is probably no worse than other broker/analyst. It never ceases to amaze me that so many investors do follow these people. A broker upgrades it's stance on a stock and whoosh up it goes.

BFN

cymro

[scripophilist] 12/3/2002 11:02

I think during all great bull runs lots of people get confused between skill and market forces. Stock picking takes on Harry Potter like proportions. Even my cleaner recommended a stock to me during the tech boom. History has a strange habit of repeating itself.

:)

[m.t.glass] 12/3/2002 10:47

Nor me Scripo. Would people blame Mystic Meg or Russell Grant if shares bought on their advice failed?

Yes I know we're talking about people who present themselves as something a little more reliable than those two, and who wear stripey suits.. but the differences are minimal.

[henrysugar] 12/3/2002 10:46

Great site.

I agree that all of the people who have lost money were effectively sitting there in 1999 like cartoon characters with dollar signs in their eyes...

But the arrogance of Kav and others is breathtaking.

HS

[scripophilist] 12/3/2002 10:37

Caveat Emptor. The city is their to make money from clients not to make them rich. I don't understand why people get confused about this.

[limpsfield chartist] 12/3/2002 10:33

Shocking reading - I have heard similar stories from a few people on courses who had invested significant sums with these guys and other brokers on a discretionary basis. This web site is proof positive that most of the so-called pros don't have a clue

[analyst] 12/3/2002 10:02

Unhappy Killik Wealth Management Service members have set up a site dedicated to Kavanagh. Legal action is on the cards.

[mh] 21/2/2001 00:33

Was he not wearing his brown trousers today then ? What is he shorting now ?

[aquila] 20/2/2001 19:54

check WCL tipped at 70 ish.......an expert is someone more than six miles from home....
as Limpy says..if it's going up ... .., if it's going down .... it , etcetera etcetera..
But I'm still going to go on tipping on these shows whatever you say.