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Jp McManus and John Magnier Investment Success

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Comments

  • #52
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    marvin80 wrote: »
    This was another successful week of investing for JP:

    On Thursday March 16, 2006, Williams laid McManus £100,000 on Reveillez at 7-1 in the first race of the Festival. It won. In the final race of the day McManus placed £5000 each-way on 50-1 outsider Kadoun in at the Cheltenham Festival. It won. Williams lost over £1,000,000 to McManus that day – and all whilst filming a documentary for ITV.

    Kadoun showed astounding improvement in form that day over it's previous couple of runs, 11th in Leopardstown in January and 5th of 8 horses in Punchestown in February losing 4 rating points in the process. Winning at 50/1 is pretty incredible, a professional gambler backing a horse at 50/1 would certainly be unusual, they would normally be looking at short priced 'certaintities'. There was one fool (at least) in Cheltenham that day and it wasn't JP


  • #53
    marvin80
    Registered Users, Registered Users 2 Posts: 1,817 ✭✭✭marvin80


    NoteAgent wrote: »
    JP was actually interviewed for a book called Risk Intelligence a few years back. The book is basically about how different people perceive risk.

    JP said that when he's playing someone in Backgammon he deliberately makes mistakes at the start of the match to see if the other guy picks up on them. If they don't he knows he has them beaten and bets big the next round!

    If that is true it worked a charm here!

    https://www.independent.ie/sport/horse-racing/punchestown/youve-just-got-to-be-lucky-how-jp-mcmanus-won-15m-in-a-board-game-with-us-billionaire-34674598.html


  • #54
    Kauto
    Registered Users Posts: 823 ✭✭✭Kauto


    Cute Hoor wrote: »
    Kadoun showed astounding improvement in form that day over it's previous couple of runs, 11th in Leopardstown in January and 5th of 8 horses in Punchestown in February losing 4 rating points in the process. Winning at 50/1 is pretty incredible, a professional gambler backing a horse at 50/1 would certainly be unusual, they would normally be looking at short priced 'certaintities'. There was one fool (at least) in Cheltenham that day and it wasn't JP

    The horse didnt show outstanding improvement from its previous run. It ran a lovely race in its prep run.

    The horse was also returned at 50/1, so they was shag all money on it. Its probably fair to assume the bould Freddie laid some of it off if he so wished or even backed it at bigger prices on the exchanges.


  • #55
    Dual wheels
    Registered Users Posts: 738 ✭✭✭Dual wheels


    NoteAgent wrote: »
    This section of the forum is for discussing investments.

    These men have made a number of successful investments which are interesting.

    What don't you understand about that? :D

    Honestly do you really think anybody hanging around on boards has any idea of what these guys investments are... just take a look at Desmond’s IIU website, it’s comical
    And to the closet gay on here, you don’t need to be ashamed of who you are
    I’m more of a conservative than you will ever be, magnier etc are top guys as far as I’m concerned, what I’m getting at is the foolish individuals on here who are so naive as to think that you don’t have to be willing to do what it takes to make it big and nobody will ever know how they made it thus the purpose of this thread is futile


  • #56
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    Kauto wrote: »
    The horse didnt show outstanding improvement from its previous run. It ran a lovely race in its prep run.

    The horse was also returned at 50/1, so they was shag all money on it. Its probably fair to assume the bould Freddie laid some of it off if he so wished or even backed it at bigger prices on the exchanges.

    If it 'ran a lovely race in its prep run' why did it start at 50/1 in Cheltenham, why didn't all the punters lump on after seeing it run that 'lovely race in its prep run', truth is nobody had it backed in Cheltenham except that very astute gambler JP.

    Did it improve (even a little bit) from Punchestown to Cheltenham


  • #57
    NoteAgent
    Closed Accounts Posts: 103 ✭✭NoteAgent


    Dual wheels wrote: »
    I’m more of a conservative than you will ever be, magnier etc are top guys as far as I’m concerned

    Can you refrain from using this thread for banging your political drum? Theres a politics section for that. This is about investing and markets


  • #58
    NoteAgent
    Closed Accounts Posts: 103 ✭✭NoteAgent


    marvin80 wrote: »
    If that is true it worked a charm here!

    https://www.independent.ie/sport/horse-racing/punchestown/youve-just-got-to-be-lucky-how-jp-mcmanus-won-15m-in-a-board-game-with-us-billionaire-34674598.html

    Was thinking about linking this article in the OP but it falls more under gambling than investing.

    Its crazy that the public only found out about this because it went to court. For all his successes he keeps them to himself. Class act!


  • #59
    ScottCapper
    Registered Users Posts: 117 ✭✭ScottCapper


    Dual wheels wrote: »
    Honestly do you really think anybody hanging around on boards has any idea of what these guys investments are... just take a look at Desmond’s IIU website, it’s comical
    And to the closet gay on here, you don’t need to be ashamed of who you are
    I’m more of a conservative than you will ever be, magnier etc are top guys as far as I’m concerned, what I’m getting at is the foolish individuals on here who are so naive as to think that you don’t have to be willing to do what it takes to make it big and nobody will ever know how they made it thus the purpose of this thread is futile

    im not gay you fool haha


  • #60
    Tell me how
    Registered Users, Registered Users 2 Posts: 22,493 ✭✭✭✭Tell me how


    Can't believe that a thread on the Finance forum about two of Ireland's most successful individuals descended in to childish accusations of being gay within 60 f*ckin posts.

    That's one thing you won't find in any 'top habits of successful people' list anywhere. '#3 - Know when to cut your losses. #4 - accuse anyone who disagrees with you of being gay'


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  • #61
    NoteAgent
    Closed Accounts Posts: 103 ✭✭NoteAgent


    I think the investment in Devro by Magnier was clever. Its always the businesses you never think of that end up being good investments. He should have bought them out IMO it would have made a good complementary business to Coolmore.


  • #62
    Dual wheels
    Registered Users Posts: 738 ✭✭✭Dual wheels


    ScottCapper wrote: »
    im not gay you fool haha

    Sure your not.... I believe ya 😉


  • #63
    Dual wheels
    Registered Users Posts: 738 ✭✭✭Dual wheels


    This is a futile thread, it never was and never will be in the public domain the investments made by these gentlemen and anything else is pure speculation


  • #64
    Millionaire only not
    Banned (with Prison Access) Posts: 1,625 ✭✭✭Millionaire only not


    NoteAgent wrote: »
    JP should be going down as one of the greatest financial traders ever (up there with Druckenmiller, Soros, Tudor Jones, etc) but people would rather gloss over his genius and put his success down solely to his tax situation.
    Fun fact: You have to actually make gains in order to be taxed in the first place.

    Don’t think Jp is the brains of investment in financial, led more by Dermot and company .

    Jp and Magnier horses and who they know !

    There just a good team it’s all about the money

    U can’t knock these guys especially Magnier, I would say there privy and shrud when comes to knowing the money markets , god only knows what they have made out of brexit
    The news from British government u can be sure is known in the proper circles long before we here it in the news !


  • #65
    NoteAgent
    Closed Accounts Posts: 103 ✭✭NoteAgent


    Millionaire only not wrote: »
    Don’t think Jp is the brains of investment in financial, led more by Dermot and company .

    Jp and Magnier horses and who they know !

    There just a good team it’s all about the money

    U can’t knock these guys especially Magnier, I would say there privy and shrud when comes to knowing the money markets , god only knows what they have made out of brexit
    The news from British government u can be sure is known in the proper circles long before we here it in the news !

    Yes and no.

    I think the story goes that JP was convinced by Desmond and Joe Lewis (Currency Trader/Owner of Tottenham) to move into currencies because of his understanding of risk/reward that came from Gambling.
    There are interviews with him in the early 90's when he first moved to Geneva that explains his whole set up (trading screens etc.). Desmond is in the interview as well basically saying that Currencies are ideal for Mcmanus. If you search for it in Pressreader.com you should be able to find it.

    JP is definitely the real deal.
    Old article below says he was mentioned in the Top 30 FX traders for the year:
    https://www.independent.ie/business/irish/mcmanus-banks-25m-on-forex-bets-25955012.html


  • #66
    MyPeopleDrankTheSoup
    Registered Users, Registered Users 2 Posts: 2,750 ✭✭✭MyPeopleDrankTheSoup


    JP is a legend in the mid-west. But I would love to know where he got his initial outlay to start trading currencies. You need a decent chunk of change to do damage. Rumour is he was the bagman for Dermot Desmond for a few years but would even that be enough to start trading?


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  • #67
    zimmermania
    Registered Users, Registered Users 2 Posts: 4,734 ✭✭✭zimmermania


    A couple of devaluations when Albert Reynolds was in his pomp and Joe Lewis was one of the wealthiest men in europe is a good place to start a search on trying to understand how a few of these guys got their investment strategy correct.


  • #68
    MyPeopleDrankTheSoup
    Registered Users, Registered Users 2 Posts: 2,750 ✭✭✭MyPeopleDrankTheSoup


    zimmermania wrote: »
    A couple of devaluations when Albert Reynolds was in his pomp and Joe Lewis was one of the wealthiest men in europe is a good place to start a search on trying to understand how a few of these guys got their investment strategy correct.

    yeah I read that as well but didn't want to volunteer it first. it would definitely make sense, but obviously nobody has proof. and where's the link between the government and JP?


  • #69
    zimmermania
    Registered Users, Registered Users 2 Posts: 4,734 ✭✭✭zimmermania


    One must remember this was a time when the irish pound had parity with the english pound and the minister for finance had to notify the chancellor of the exchueqer of any valuation change and the arrangement was reciprocal.


  • #70
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    MyPeopleDrankTheSoup wrote: »
    JP is a legend in the mid-west. But I would love to know where he got his initial outlay to start trading currencies. You need a decent chunk of change to do damage. Rumour is he was the bagman for Dermot Desmond for a few years but would even that be enough to start trading?

    He played backgammon and poker against Arabs. They be drunk and flush with the money. He doesn't drink. Cleaned up.

    Himself and Magnier was involved with Manchester United. Even though he is an Arsenal fan. Sold on and profit.


  • #71
    MyPeopleDrankTheSoup
    Registered Users, Registered Users 2 Posts: 2,750 ✭✭✭MyPeopleDrankTheSoup


    YFlyer wrote: »
    He played backgammon and poker against Arabs. They be drunk and flush with the money. He doesn't drink. Cleaned up.
    Do you really believe that? If true, Why was he playing with the arabs in the first place, where did he get the cash for the table stakes? And the winnings were enough capital to start trading currencies?
    YFlyer wrote: »
    Himself and Magnier was involved with Manchester United. Even though he is an Arsenal fan. Sold on and profit.

    Yeah he definitely did well there but that was in 2005, long after he'd established himself. I'm asking where he got his initial outlay


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  • #72
    Morleystreet
    Registered Users Posts: 225 ✭✭Morleystreet


    MyPeopleDrankTheSoup wrote: »
    Do you really believe that? If true, Why was he playing with the arabs in the first place, where did he get the cash for the table stakes? And the winnings were enough capital to start trading currencies?



    Yeah he definitely did well there but that was in 2005, long after he'd established himself. I'm asking where he got his initial outlay

    I think he had help from a certain Mister Donovan!


  • #73
    zimmermania
    Registered Users, Registered Users 2 Posts: 4,734 ✭✭✭zimmermania


    J P was a layer and a backer,he was probably the best informed punter/bookie in ireland who made certain he was on good terms with whoever might be useful to him.

    I remember well the guy he worked with when betting on the big coursing meetings,this guy was probably the person who knew more than anyone in the country on greyhound racing and had his own formbooks on greyhound racing when nobody had them.

    This approach showed that JP left little to chance when punting and he also was well placed to lay horses using the best information available to him.

    There have been various theories advanced usually in pubs as to where he got his money in the early years,most of those theories are off the wall and belong in the realms of fantasy.


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