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Your level of sophistication, or lack thereof, is abundantly clear from your posts. There are lots of things I don't know I don't know. The presence of risk free arbitrage opportunities in retail forex that you alone in your brilliance and vast experience discovered isn't one of them.

If there's a risk free arbitrage opportunity, even less than a percent, you'd be a billionaire by now and certainly not here. And someone far more sophisticated than you would have found and exploited it away long before you did. Likely the word "arbitrage" doesn't mean what you think it means.

If you're talking about triangle arbitrage, fat chance! No way no how a retail trader working manually is ever gonna make that happen.

In English?

Keep in mind these are the equivalent of brokers doing business for clients post-Volcker Rule. So GS isn't making directional bets on currency for their own book, they're putting together products on behalf of clients who either have a hedge requirement or potentially are themselves speculating...

Actually venture funded startup CEO's generally get paid almost entirely in stock and are pretty poor (relative to CEOs of public companies) until the IPO, which Theranos never had. I'm sure she was making 6 figures, but probably less than $250K, which in the Bay Area isn't going to allow you to...

Even without hearing this it was clear that Kiyosaki is a bit of a douchebag who never made it past the second level on Maslow's Hierarchy. I mean seriously "Robert Kiyosaki's story about his book Rich Dad, Poor Dad illustrates this point. His real dad was a principal and he was born poor and...

True dat! Also a big fan of gap year. I wish our college admission system embraced it like the Europeans and Australians do.

"Among millennials ages 25 to 32, median annual earnings for full-time working college-degree holders are $17,500 greater than for those with high school diplomas only. That gap steadily widened for each successive generation in the latter half of the 20th century. As of 1986, the gap for late...

Couldn't agree more with most of your points. Except this one. First off from a purely transactional standpoint, most people, even those who graduated with a comparative lit degree from Holy Cross, aren't going to be a waitress for life. Having the college degree, but more importantly the...

Why does this myth keep popping up on this thread? This is empirically and categorically not true! The number of high school only graduates who are rich business owners is vanishingly small and getting smaller for today's high school only graduates. Even more relevant, although something perhaps...

That's pretty self-evident if you look at what percentage of those who make their living in the finance industry who don't have a college degree, especially those who have started in the last decade. Hint, it's a vanishingly small number.

Is that even a serious question? Of course it's "riskier than normal"! It got delisted, you're trading OTC, and that's just the trading risk. The stock itself has a snowballs chance in hell of ever getting relisted, but a pretty high chance it will be the victim of a pump and dump. There's an...

This is the guy who speaks with such disdain about my 20 years in the military and those I served with, hasn't the first concept of what we do, but is sure the private sector can do it better because he can throw up 20 quotes from his favorite author that say so. And he'll shuck and jive and...

You'll probably get a kick out of my favorite xkcd comic https://xkcd.com/1570/

Everyone so far has been talking about physically settled options, what about cash settled options like the SPX? I assume they settle at the last closing price, even if that is hopelessly stale?

I used to think that, and I started out doing it. I still think it's not a bad line of thinking if you've got a family and a mortgage (or obligated military service in my case) that realistically makes it difficult to impossible to just jump in and dedicate everything to a business. I was...

Exactly! I too didn't even know what I am currently doing existed when I started business school and I too could have started the company I started at 35 when I was 27 (my co-founders age) if I'd graduated from business school at the same age he did. If nothing else, college teaches you how much...

I work 20-30 hours a week as well, and often from some other part of the world I'm interested in seeing, both huge benefits of being a successful entrepreneur (so I can turn around and waste the extra time here:D). But you didn't address my point at all. Do you disagree that it takes a certain...

What's your experience as an entrepreneur? You could just as easily advise a random person to try to play professional baseball instead of going to college because they'll be a millionaire by the time they're 40. Being an entrepreneur requires a certain skill set that very few people have, it's...