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For me it was right place and time and a horseshoe shoved up my ass. However, for most it's about networking and building your reputation. From what you listed, if you don't have any 'ins' in the industry, I definately say work towards your CFA - it will open a lot of doors in this industry...

Everytime I read posts on here I'm reminded of why it's so easy to outperform other hedge funds :D

*yawn* I'll pass; I'd rather make a nice, steady, 20% return and get paid an 7/8 figure bonus each year than trying to have a heart attack keeping up with retarded returns (unless you're talking about a piddly capital amount)

I've done very poorly - last 3 months my fund has only made 12.5% (up 37% YTD on a hair under $1/4B)........so nope, nobody makes money :(

money management is used to refine a good system and make it better by protecting capital. money management is NOT used to make a bad system good.

I manage a hedge fund; of course, I only started last November, so I can't comment on how stuff has changed ^_^ the commodities we trade are extremely illiquid, so we can take a week or two to fully establish our positions. Generally that's the time-frame for those based on fundamentals. For...

Canada; Alberta. The good part of North America :D

it all depends on where you live. Here, they're estimating housing prices to still rise ~15% in 2007.

Who cares if some retirees loose money - they're old and going to die soon. If they can't do their own DD and just go 'Ooooo, 15% yield, 100% return of capital, yipieeeeeeeee', they get what's coming. In the long run, this should be a good thing for the economy.

The fool sits there predicting the market; the master admits he doesn't know what will happen and simply acts and re-acts w/ the market :e-chinese-cookie:

Since I manage a hedge fund I'm allowed to question fellow hedgies, heh. That being said, I obviously would never disclose the methodologies we use to trade, but I can say that they are all incredibly simple (albiet mathematically based, but very simple to understand if you've finished Grade...

What caused the market to drop almost 20% in august 1998? (Sorry, I was still in HS at that time, lol)

Predicting will lead to nothing but pain for most. If you think you can predict the markets, how come your net worth isn't $50B w/ 100% winning trades? You'll be far more profitable, and a lot less stressed, when you realize you can't predict chaos and the best plan of attack is simply to...

Yet you can't really knock anybody based on 1 yrs worth of returns - 1yr is more a measure of luck than skill imho.

myself, i would also focus in learning SQL and PHP.....those are 2 of the most powerful languages/tools without a doubt that have aided me greatly.

I bet his super-secret blackbox is something sooooooooooo incredibly simple anybody could undertsand it if they looked at it; and his scary high-level math concepts are a way of protecting it. However, I could always be wrong :D

Ooooooo, I remember random walks, bootstraps, etc.. etc... from when I was doing my statistics/actuarial sceience degree One thing i learned the 'hard' way - all those high-level ideas (e.g., neural networking and trading) usually just end up wasting you time and money trying to understand...

lol; people expose your inconsistencies and that's your response. Nice.

You know your analyitics is far too complicated when you have that many lines and arrows ^_^

The plunge protection team made me do it!!!! :eek: