“It’s one hundred percent true,” a prominent New York City hedge fund manager whispered over dinner.Â “I get all of my stock picks from The Motley Fool.Â I haven’t done any fundamental research in ten years.”
The hedge fund manager, choosing to remain anonymous currently, runs a multi-billion dollar long-only strategy he started in 2008.Â “I did my own research for a few years,” the hedge fund manager stated.Â “But in 2011 I found the Motley Fool and haven’t looked back.”
The Motley Fool is a private “financial and investing advice” company founded by David Gardner and Tom Gardner in 1993.Â The main business is an online subscription service model that sells investing recommendations and stock analysis.
“I saw an ad on Twitter by The Motley Fool saying how a stock they are covering is a â€˜Triple Down All In Buy Alert’.Â I ended up clicking on the ad and essentially went all in on a random stock after watching some obscure video.”
After going all in on the â€˜Triple Down Buy Alert’, The prominent New York City hedge fund manger was hooked.Â “The day I went all in on that buy alert was the day I stopped doing fundamental analysis.”
Despite the constant “all in buy alerts” the hedge fund manager receives multiple times a day, performance has been lagging.Â “I haven’t had a positive year of performance since I started going all in on random stocks these fools have been pushing.Â But as you know, the market is a weighing machine in the short-run and a voting machine in the long-run, or something like that.”
The hedge fund manager recently took advantage of the payment protection loan program (“PPP”) – going all in on a new â€˜Buy This Stock Before It’s Too Late Going To Be The Next Amazon Times 10,000 Alert’.
“I went all in on some Chinese shell company that has almost zero probability of being the next Amazon,” the hedge fund manger stated.Â “It’s pretty much a free call option though because I used government money.”