I've started a "fund of funds" hedge fund to enable my Substack subscribers to get above average returns in volatile markets (like the kind we might be entering now).
I've updated the article to respond to Crawford's hit piece on me.
It is remarkable that he is attacking people like me rather than focusing on the people who brought you the shots.
DId you see his alternative for generating funds to fund the legal and other efforts to fight back? I missed that.
The bottom line is this: If you know of a BETTER way to create a pool of MILLIONS of dollars a year for organizations like VSRF and others to fight back, please let me know in the comments.
Bottom line: If you are going to criticize me for creating a cash flow to fight back, do so by telling me the superior alternative. thanks.
I could be mistaken about this but I seem to recall that Ed Dowd was contemplating starting a hedge fund. This fund would focus on investments that were Covid related. For instance, shorting Pfizer when it looks like their fraudulent gene therapy product is becoming a liability. Or, leveraging funeral home stocks because of the huge increase in business. In other words, use his assessment of the Covid scam to make money.
I don’t have hedge fund type money, but if I did, I would consider this “stick in the eye” fund just for the satisfaction of it.
I have followed you for a while and saw Crawford's article. I wouldn't call it a hit piece. Likely he is trying to talk you out of bad idea. A tech person going into finance raises a bunch of red flags for me personally. I am also primarily in tech but trained somewhat in high finance, enough to know that I wouldn't go in without a whole lot of knowledge.
Creating a fund of funds and diversifying simply leads you back to market alpha. Market alpha right now is decidedly negative and likely will be an insiders game for some time. To beat alpha, you need a thesis with a few select stocks. This is what the actual pros do. I was taught by them and went to school with several. I also know several of the quants running some of the markets.
You may be able to beat the market by not playing in the market such as in Search Funds or other areas. Some Private Equity does this, creates a thesis and then buys companies and transforms them such as what the Artemis group is doing.
A diversified funds of funds is not a valid thesis. This is a dumb money idea that low level advisors at Fidelity tell people to get them to trust with their dumb money.
Tech people that go into investing tend to do a bad job. The finance people do better. Just look at the return of VCs as a whole - only a few select funds managed primarily by finance people do well and the rest almost always below market - and these worse funds are run mostly by tech first people.
You mention that you are doing this as an easy way to make money. Having a fund does throw off cash to the manager - but this is usually at the expense of lesser returns for the investors. The funds themselves don't rarely beat market unless you are an insider, otherwise there is no easy way to make money. Good ideas fail - a lot, and for a lot of exogenous reasons. We have a lot of those exogenous reasons (such as a war on humanity) happening right now. You have made it harder by wanting to do good while making money. Competing fairly with sharks is extra hard.
However; there are two items that also make me heavily question your motives in creating a fund. First, that you have a CBDC company. While the backend of banks need a lot of improvement, CBDC are tools for authoritarian control disguised as money. These CBDC also fundamentally ruin an economy as we are now seeing in the de-evolution of the Chinese economy which has been an early adopter. We have seen a prelude of these CBDCs will be used with Canadian Truckers and the geo-fencing that goes on in China. It calls into question the motive of all that you are doing, but especially around money.
The second of these extra items is that the other account you have about creating a fund, you announce that you were working with FTX??!! Is this your account? Investing with FTX would have wrecked all of your investors and they may have just gotten lucky on FTX going bust early.
Go for it. Criticism is good. Since my investments are elsewhere I have no stake, but lesser men have started funds and done well. This may be the first "ethical objective fund" (EOF) in the health-space. I wish you every success. Love the idea
Steve: I share the concern that this is a difficult time to start a hedge fund, as we are headed for cataclysmic changes. But that does not mean there is not opportunity out there. Still, having seen how much money was lost shorting Tesla in the last few years... etc. The pharmaceutical complex should be getting wiped out almost entirely, and in theory that spells opportunity, but what's that going to look like and how long will it take?
In any case, I am at the other end of this, as an entrepreneur, and in a sort of a prolonged start-up mode, thanks to Covid. I am a co-founder of https://www.bcmindustries.com and we had just launched our first round of clinical trials for our autologous organ repair business, when Covid came to mess up the whole schedule and the process took about 2-3 times longer than it should have, but eventually it was completed, and the results were satisfactory. Since we re-grow organs from the inside out, using the patient's own cells, we are an alternative to organ transplants, and far cheaper.
Funnily enough, during Covid, my partner designed a computer line of neural computers using live neurons (from animal sources), and we are going to launch a line of computers that range all the way into super computer territory, but with orders of magnitude lower power consumption, and 1000x faster than current technology. Also storage in the Exabyte range.
But then, we realized that post Covid, there is a new issue. We don't like the prospect of patients who have an immune system that is attacking their own organs. That would seem to endanger the healing process we have to rely on. So for now, we are repositioning our organ repairs to service in the first instance the unvaxxed, but we are exploring to what extent the vaccinated population can recover from the vax injuries enough, and it would seem that there would be a lot of organ repair that will be needed. In short, we are looking at the organ repair business very different today, and we feel that we will be part of an alternative approach that will come to the fore in these post covid times.
Our situation is in some ways more of a venture capital prospect, however, we have enough of a track record at this point that things are going to open up, and we expect more likely strategic investors both on the organ repair front and on the Live Neural computing front.
I personally think that we are the kind of breakthrough technology that will change the game completely and therefore in one way or another we are part of the radical restructuring of healthcare, and we represent a major financial opportunity.
I would love to talk to you. My partner is around the corner from you in CA. (I am in NYC).
Steve - you are so right! It is nice to be able to have people give open and honest comments pro/con!
I personally think that it’s a great idea and it demonstrates how leveraging who you know helps to get ahead in this world. When many are in that high end class and all part of the government narrative, there must be a way to fight back using the same methods to generate wealth.
I hope to be a part of this 🤞winning formula to fight back
What's needed is not so much money, which has just corrupted everything, as courage, as shown by brave people like Katherine Watt and Sasha Latypova. Bought and paid for efforts will never be as good as the personally inspired.
At the battle of Trenton, Patriots, some barefoot and bleeding in the snow, surprised the well paid hung over Hessians the day after Christmas and turned the tide of the war. Sound corny?
Please let people know what will happen if share value is preserved in a new multipart digital currency but personal savings are diluted along with cash.
Is it your position that the stock exchange is safer than cash and physical gold?
Could such a fund not invest in a vulnerable media outlet and purchase it to get news out to those addicted to mainstream media? I believe if there was a legacy media that was part of the propaganda machine that succeeded after moving to actual facts dissemination you would have a lot of people following the outlet and investing in it.
How about Steve gives us VSRF's financial details and we, 1 million subscribers on this sub stack, will each donate 100 dollars? It's a lot for many people, including me, but Steve cannot fight alone. We all need to do our part. As for the hedge fund, who ever wants to invest, it's that person's decision. We are all wise people and can make decisions ourselves. Steve is not forcing anyone to do so.
I've updated the article to respond to Crawford's hit piece on me.
It is remarkable that he is attacking people like me rather than focusing on the people who brought you the shots.
DId you see his alternative for generating funds to fund the legal and other efforts to fight back? I missed that.
The bottom line is this: If you know of a BETTER way to create a pool of MILLIONS of dollars a year for organizations like VSRF and others to fight back, please let me know in the comments.
Bottom line: If you are going to criticize me for creating a cash flow to fight back, do so by telling me the superior alternative. thanks.
I could be mistaken about this but I seem to recall that Ed Dowd was contemplating starting a hedge fund. This fund would focus on investments that were Covid related. For instance, shorting Pfizer when it looks like their fraudulent gene therapy product is becoming a liability. Or, leveraging funeral home stocks because of the huge increase in business. In other words, use his assessment of the Covid scam to make money.
I don’t have hedge fund type money, but if I did, I would consider this “stick in the eye” fund just for the satisfaction of it.
https://www.zillow.com/east-palestine-oh/houses/
Hello Steve,
I have followed you for a while and saw Crawford's article. I wouldn't call it a hit piece. Likely he is trying to talk you out of bad idea. A tech person going into finance raises a bunch of red flags for me personally. I am also primarily in tech but trained somewhat in high finance, enough to know that I wouldn't go in without a whole lot of knowledge.
Creating a fund of funds and diversifying simply leads you back to market alpha. Market alpha right now is decidedly negative and likely will be an insiders game for some time. To beat alpha, you need a thesis with a few select stocks. This is what the actual pros do. I was taught by them and went to school with several. I also know several of the quants running some of the markets.
You may be able to beat the market by not playing in the market such as in Search Funds or other areas. Some Private Equity does this, creates a thesis and then buys companies and transforms them such as what the Artemis group is doing.
A diversified funds of funds is not a valid thesis. This is a dumb money idea that low level advisors at Fidelity tell people to get them to trust with their dumb money.
Tech people that go into investing tend to do a bad job. The finance people do better. Just look at the return of VCs as a whole - only a few select funds managed primarily by finance people do well and the rest almost always below market - and these worse funds are run mostly by tech first people.
You mention that you are doing this as an easy way to make money. Having a fund does throw off cash to the manager - but this is usually at the expense of lesser returns for the investors. The funds themselves don't rarely beat market unless you are an insider, otherwise there is no easy way to make money. Good ideas fail - a lot, and for a lot of exogenous reasons. We have a lot of those exogenous reasons (such as a war on humanity) happening right now. You have made it harder by wanting to do good while making money. Competing fairly with sharks is extra hard.
However; there are two items that also make me heavily question your motives in creating a fund. First, that you have a CBDC company. While the backend of banks need a lot of improvement, CBDC are tools for authoritarian control disguised as money. These CBDC also fundamentally ruin an economy as we are now seeing in the de-evolution of the Chinese economy which has been an early adopter. We have seen a prelude of these CBDCs will be used with Canadian Truckers and the geo-fencing that goes on in China. It calls into question the motive of all that you are doing, but especially around money.
The second of these extra items is that the other account you have about creating a fund, you announce that you were working with FTX??!! Is this your account? Investing with FTX would have wrecked all of your investors and they may have just gotten lucky on FTX going bust early.
*edited for clarity and grammar
Go for it. Criticism is good. Since my investments are elsewhere I have no stake, but lesser men have started funds and done well. This may be the first "ethical objective fund" (EOF) in the health-space. I wish you every success. Love the idea
Steve: I share the concern that this is a difficult time to start a hedge fund, as we are headed for cataclysmic changes. But that does not mean there is not opportunity out there. Still, having seen how much money was lost shorting Tesla in the last few years... etc. The pharmaceutical complex should be getting wiped out almost entirely, and in theory that spells opportunity, but what's that going to look like and how long will it take?
In any case, I am at the other end of this, as an entrepreneur, and in a sort of a prolonged start-up mode, thanks to Covid. I am a co-founder of https://www.bcmindustries.com and we had just launched our first round of clinical trials for our autologous organ repair business, when Covid came to mess up the whole schedule and the process took about 2-3 times longer than it should have, but eventually it was completed, and the results were satisfactory. Since we re-grow organs from the inside out, using the patient's own cells, we are an alternative to organ transplants, and far cheaper.
Funnily enough, during Covid, my partner designed a computer line of neural computers using live neurons (from animal sources), and we are going to launch a line of computers that range all the way into super computer territory, but with orders of magnitude lower power consumption, and 1000x faster than current technology. Also storage in the Exabyte range.
But then, we realized that post Covid, there is a new issue. We don't like the prospect of patients who have an immune system that is attacking their own organs. That would seem to endanger the healing process we have to rely on. So for now, we are repositioning our organ repairs to service in the first instance the unvaxxed, but we are exploring to what extent the vaccinated population can recover from the vax injuries enough, and it would seem that there would be a lot of organ repair that will be needed. In short, we are looking at the organ repair business very different today, and we feel that we will be part of an alternative approach that will come to the fore in these post covid times.
Our situation is in some ways more of a venture capital prospect, however, we have enough of a track record at this point that things are going to open up, and we expect more likely strategic investors both on the organ repair front and on the Live Neural computing front.
I personally think that we are the kind of breakthrough technology that will change the game completely and therefore in one way or another we are part of the radical restructuring of healthcare, and we represent a major financial opportunity.
I would love to talk to you. My partner is around the corner from you in CA. (I am in NYC).
Steve - you are so right! It is nice to be able to have people give open and honest comments pro/con!
I personally think that it’s a great idea and it demonstrates how leveraging who you know helps to get ahead in this world. When many are in that high end class and all part of the government narrative, there must be a way to fight back using the same methods to generate wealth.
I hope to be a part of this 🤞winning formula to fight back
Love your work. But I don't think this is a good idea. Please do not mix the mission you are on with this. Nothing good will come of it.
All I can say is I’m out but hope you find a way to fund a very important mission.
Steve, you are clearly a critical thinker, given your body of work on the vaccines. I would expect this venture to be successful.
Is there an inverse fund for Pfizer, Astrazeneca, and Murderna?
I'll never understand why people think certain people should work for free. I think it's a great idea. I hope it's extremely successful! Good luck.
Do you know about the work of Michael Burry such as "The Big Short" ?
Perhaps he has thoughts on how you could make money with data you have...
https://www.yahoo.com/now/big-short-investor-michael-burry-184625496.html
What's needed is not so much money, which has just corrupted everything, as courage, as shown by brave people like Katherine Watt and Sasha Latypova. Bought and paid for efforts will never be as good as the personally inspired.
At the battle of Trenton, Patriots, some barefoot and bleeding in the snow, surprised the well paid hung over Hessians the day after Christmas and turned the tide of the war. Sound corny?
Dear Steve,
Please let people know what will happen if share value is preserved in a new multipart digital currency but personal savings are diluted along with cash.
Is it your position that the stock exchange is safer than cash and physical gold?
Could such a fund not invest in a vulnerable media outlet and purchase it to get news out to those addicted to mainstream media? I believe if there was a legacy media that was part of the propaganda machine that succeeded after moving to actual facts dissemination you would have a lot of people following the outlet and investing in it.
How about Steve gives us VSRF's financial details and we, 1 million subscribers on this sub stack, will each donate 100 dollars? It's a lot for many people, including me, but Steve cannot fight alone. We all need to do our part. As for the hedge fund, who ever wants to invest, it's that person's decision. We are all wise people and can make decisions ourselves. Steve is not forcing anyone to do so.