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The goal is simple: Infinite Alpha

Default = even just a modification. For that, she was right. There were many muni bonds that had to modify the terms.

These claims are unfounded. I have known several hedge fund investors who have made quite a lot of moneys. Of course, like in any endevours of life, not everyone can be a winner. Even at an elite academic institution, not everyone can get an A.

Great Expectations I'm an instrument of profits. I must conquer the whole of Nations.

It is easy to make 300% on your $3,000 dollar account in one week.

Brokerage firms/Investment banks are black boxes. You never know what is inside them. Even the most insiders don't know what kind of toxic assets they are holding onto till it implodes. But, IB for sure is a bloated pig that will be be a roadkill depending on how the whims of the financial...

A Sinking Ship I'm down severely. I have been losing ground. My financial thoughts are leaking and is taking on water. I'm a sinking ship.

Even MF Global only had 26 times leverage before it blew up: $1.5B controlling $40B in total assets. It's the Total Shareholder's Equity that counts, not Total Equity, which includes preferred stock etc which is actually a debt obligation but treated as equity on balance sheet. And customer...

You don't know how to read a balance sheet. Your numbers are wrong because you are also mistaking preferred shares as shareholder's equity. IB, on their 10Q filed with the SEC on 8/9/2011 has Total Shareholder's Equity of $530M, and Total Assets of $30B. IB is leveraged 60 times.

Your numbers are completely and utterly wrong. You maybe looking at the MF Global numbers. IB has approximately 500 M in equity, and total liabilities of 30 B. Meaning that IB is leveraged 60 times. Some of the liabilities is customer funds, but most likely they have access to customer...

Anytime you want somebody else's validation to stay in this business, it's time to Get OUT !!!

Your premise is wrong. None of the trades scream at me. There is always an element of chance in every trade.

You don't give stock options to your "friends" just because they hang around with you. You give stock options to who you think makes the required contributions to make things happen. Steve Jobs was right, as well as brave. It takes courage to stand up against the entitlement gang.

Burn your backup plan.

You never know. That's what makes the game fun. :D

Fundamentally, the markets should be headed up. But, sentimentally, the markets could fall much further.

Minimum Quantifications so far: Being RICH = $1 million in sustainable passive annual income. Which would put your NET WORTH (a multiplier of 10) at around 10 million. (A life of abundance). Being WELL OFF = $100K in sustainable passive annual income. Which would put your NET WORTH (a...

OK.. So we have a good definition (minimum quantification) so far: Being RICH = $1 million in sustainable passive annual income. Which would put your NET WORTH (a multiplier of 10) at around 10 million.

No. In this highly litigious society, it is a matter of time before (if you stick your neck out in any way) you're sued. It is better to sue rather than to being sued. Lawsuits are only a way to persuade other people to your own way of thinking. It is a means of persuasion, aka getting...

Suing other people left and right is one great way to stay aggressive and keep other people on their toes, and to keep you away from frivolous lawsuits. To afford a high priced legal team and to keep them around, you would at least need a NET WORTH of around $10M. That's a good start at being...