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It's important when you look at graphs, in both finance and science and engineering, to pay close attention to the scale of both the x and y axis. You'll see that the scale in the chart you posted of Bear Stearns is in years, it shows a period from 1992-2008. As such, the minimum resolution is...

Bear Stearns closed at $30 on March 14, 2008. It failed that weekend, and if the govt sponsored JP Morgan bailout hadn't happened there would have been no company to pull your money from that Monday. Stocks closing above $5 per share one day and going bankrupt by the next have happened dozens of...

When I first started studying electrical engineering, most of it made no sense. When I first started studying physics, most of it made no sense. When I first started studying finance, most of it made no sense. Just keep on studying, it will eventually start making sense! I'd start with the...

Well if nothing else this kind of "boundless optimism" is a good indicator that we're near a top!

That wasn't actually the case for the examples I cited or hundreds of others. There are two kinds of bankruptcy, the SHLD kind that is obvious for some time and the unexpected kind due to some kind of external shock to the financial system (i.e. Bear Stearns) or fraud in the financial...

That's making a massive assumption that the candidate pool is fixed and you as a hiring manager have no control over it. Which just isn't the case. Fisher is a shit place to work, they pay below market wages, the job is generally not interesting or fulfilling because you're just a sales machine...

It's telling that the company has hundreds of people working in sales and fewer than a dozen actually researching and picking stocks. I'll give it to him that he built a very effective sales machine. But otherwise he's a crappy asset manager and shitty employer. It's pretty rich that he's giving...

Any latency arb with the bucket shops requires you to constantly move funds between the two because in order to keep them from getting on to you, you have to use tricks like those described. Those tricks end up with no net loss to you, but one account will run out of money as the other fills up...

Everyone said that about Enron before it went under. And Bear Sterns before it went under. And Worldcom before it went under. And any of hundreds of other firms that unexpectedly went bankrupt. The whole point of an unexpected bankruptcy is that it's unexpected! Denial is more than just a river...

The question wasn't if that was OK or not. It was if the person liable for breaking the contract terms is the tenant. You know, the person who signed the contract. Or AirBnB which has no contract with you as the landlord at all. Your remedy when someone breaks a contract is with the entity you...

As I've said all along, just don't confuse something legal with something illegal but that you're unlikely to be caught at. When you start asking the above questions you're tacitly admitting that if they knew what you were doing, they'd give you a tax bill.

Well earlier you said you could live the entire year in a country, and even in you last post you couldn't seem to figure out if you needed to hop between countries every 90 days or could just use your Schengen citizenship to stay in France all year. The bottom line is that you can't live in...

If you spent the entire year living in France and had a million euros in trading income, good luck convincing the French tax authorities that you didn't earn any/all of that in France!

I think you're missing the point. It really has nothing to do with Bulgaria. If you live in France all year and make $1,000,000 Euro's, the French tax man is going to ask you to pay tax to France. If you tell him, "no, I'm a Bulgarian, I don't need to pay you any tax" he's going to either: a. If...

No doubt, like I said, chill. Someone asked how organized crime would know your trading profits and I pointed out a way. That is all. Out.

Chill brudda! No doubt there's plenty of expensive cars and jets in Bulgaria. Those are things you have if you want to signal that you're rich. As was pointed out, signaling that you're rich in a place where the rule of law is weak may not be your best bet, that's all.

I don't know anything about Bulgaria, but conspicuous consumption anywhere is a good indicator of relative success. I imagine if you drove a Lada and lived in a Soviet style apartment block you'd be fine. But what's the fun in that!

Your original post made me think for a minute and I actually had the same question as you. I think you're right, it's the unfamiliarity or discomfort with futures, but that's just my gut feel and not based on anything empirical so not worth a whole lot.

Your answer and several others would make sense if the original poster already had $50M in investor capital lined up. I'm guessing he/she doesn't. In which case hiring your cousin Vinny to do your legal work and your brothers friend's nephew to do your compliance will make it incredibly...

And truth be told if FSU wanted a yacht he'd probably have one and no one here would know because he wouldn't "blabber" about it!