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Warren Buffett makes the same point: http://www.valueinvesting.de/en/inflation-equity-investor-by-warren-buffett.htm Investment income is a small portion of national income, and if per capita real income could grow at a healthy rate alongside zero real investment returns, social justice...

I see that I confuse profits with total wealth. The point still stands.

Let's say the gubmint went to the Gates, Ellisons, and Waltons and said "we will appropriate your wealth unless you sign this document which promises to reinvest 99.9% of profits back in the business. Your consumption can be no more than .01% per year of your total wealth." .01*$1 billion is...

The last time the yen was this strong was back in 95 . . . lived in Korea at the time and the currency was on the news all the time. This is a stealth yen rally with heavy disbelief from the pikers at FXCM. Always worthwhile to bet against them, or so I'm thinking.

I'm just looking at the chart . . . a break through 87 on USDJPY would be serious. Don't know about global equities.

According to Dailyfx, high pessimism on the yen among retail traders . . Currency also trading through important levels . . . what are the chances it breaks to new levels soon? Or is the BOJ in the market buying dollars and will prevent too strong a currency?

True. The interesting question is how they outperformed the market. Of course over time some may have lost more than they ever made . . . if you make a 500% return with 100 million and lose 50% with $5 billion, on the whole your investors are losers.

http://www.govexec.com/story_page.cfm?articleid=45514&sid=2 That's a great article about the gov't 401k plan . . . I'd love to know how the guy with the $3 million account was able to accumulate that stash with only 5 investment options.

She's pyramiding up . . . Wouldn't be surprised if she's blown most of her winnings.

I'm not sure I catch the distinction. Mallaby goes through an interesting history of the Amaranth blow up . . . basically Amaranth became the market and the collateral calls became too much. Griffin was able to avoid the same fate because he had long term funding and he controlled his own back...

I'm not sure I catch the distinction. Mallaby goes through an interesting history of the Amaranth blow up . . . basically Amaranth became the market and the collateral calls became too much. Griffin was able to avoid the same fate because he had long term funding and he controlled his own back...

It's not interviews, not all of it is ancient history. Very interesting discussion for instance of Ken Griffin and how he got saved by selling five year bonds, so that he wasn't cleaned out by the crisis. And how PT Jones got stuck in some Indonesian banks and couldn't get out, even though he...

This is a book by a Washington Post editorialist about hedge funds. I expected it would be a snoozer and about as exciting as a C-span roundtable, but it was pretty good. He got interviews with all the big names, like Soros, Kovner, Steinhardt, etc. And he asks the interesting question, how did...

Looks like the ET types like to swing for the fences . . . largest categories are more than 20% down or over 100% gains. Surprised more aren't in the 20% to 50% range.

This is the old thread for the first quarter . . . post new results here. http://www.elitetrader.com/vb/showthread.php?threadid=203015

These are the results for the first quarter. http://www.elitetrader.com/vb/showthread.php?s=&postid=2791123&highlight=results#post2791123 Feel free to post your first half and second quarter results in the comments.

a tergo

please participate in the poll

http://www.chicagoreader.com/chicago/busted/Content?oid=891725 via blog.tradingpithistory.com/

Hey coolweb at least neke is putting his numbers out there. What are your numbers? having visited your thread and watched you turn every trade into a 5c scratch, I'm guessing your bleeding slowly 5c at a time.