Search results

Side note: The wealth of the top one quarter of one percent of the population is roughly equal to that of the bottom 90 percent.

Leveraging Berkshire depends partly on the cost and your attitude toward risk. I would like to note Buffett's long standing attitude toward Berkshire leveraging its stock purchases as well as his general advice on leveraging stock purchases. Then I will mention his partners early use of...

Bad guess.

Not true. Many quant firms monitor and utilize this information in sophisticated ways. Renaissance Technologies is one. However, I am curious if any ET traders have found it useful. Thank you for your reply.

Ray Dalio has some gold as a diversifier/insurance even though he sees bets with higher expected value. Protecting large amounts of money against tails is important to some rational people. Buffett, who I greatly admire as an investor/speculator and as a person, handles things differently and...

Does anyone monitor social media to help them in their trades (Facebook, Twitter, monitoring services, etc)?

Excellent reply. Thanks.

Surprised North Korea is not on the list.

You should lose no matter what your backtested daytrading strategy is at 1%.

Things are changing faster and faster; technology and regulations- especially in daytrading. What worked 15 years ago in daytrading may not work today. Winning ways of long ago may be sucker plays today. Daytrading platitudes and simply "learning how to trade" are not guaranteed incomes for...

Rethinking my hasty reply. Yes.. the devil details. However, there have been times where Berkshire and the market have lost half their value which would have wiped out or caused undesired liquidation of many investors who thought they had a long run plan. But I think there are many worse...

There is a correlation between playing competitive games well and succeeding at trading. Sesqhanna teaches all their traders to play poker and has games for them. A number of firms and individuals have gone out of their way to train and back top competitive games players. The reasons are...

There is much truth in the "Winners find a way to win and losers find a way to lose" philosophy. ___ I now understand you were not knocking the idea that smart people often try to isolate who the winners are and learn from them. Sometimes even a subtle shift in ones views can make a huge...

I feel you. Thank you for helping me understand where you are comming from. ___ There are a number of threads looking to isolate winning traders, full time traders, stock traders... the latest from rin4et. In these threads, I think, there are sincere posters and knowledge seekers. As well...

Sure. No one is speaking of shortcuts. However, finding and listening to the right people is a skill. Sometimes a critical skill. Few in any area are completely self-taught champions.

Sure.. few would post their magic system. However, I respectfully disagree with the idea that there is nothing to be gained by isolating who winners are and reading what they have to say, but thank you for sharing. There is at least one large winner (Lescor) who publicaly attributes some of...

Lol.. yes.. I imagine people who grow into big winners often post less and less.

Perhaps, but also smart people like to see who the winners in a group are and try to learn mostly from them.

Not really. Buffett is literally paid to use the leverage of his insurance float. However, we have to pay handsomely to use leverage and we may not be so smart with it Along the lines you are thinking... we can buy and hold Berkshire Hathaway, though. Serriously... investors could make far...

Often it is smart to learn from others who have successfully walked a path. "When seeking to be the best, it is wise to seek the wisdom of more than one master," Dr. AnnMarie De Mars, former judo world champion (aka, Ronda Rousey's mom).