Charles Biderman, portfolio manager for the TrimTabs Float Shrink ETF, explains why his float shrink fund is not only beating the market but other buyback funds as well.
Rick: Blacks were not the only slaves. When will people understand that? Irish slaves were treated even worse and the Chinese were used to build the railroads. Recent studies show that there are more slaves in the world today than there was back in the height of American slavery. This is a way to give more blacks free money although no American blacks have been a slave or have ever known anyone that was a slave, but I guess they want compensated for that. Slave owners, back in the day made up much less than 1% of the population, so why would everyone's tax dollars have to pay for this when we already pay for welfare and other entitlement programs? Get over it. It happened a long time ago.