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Who is 'everyone'? I don't know anyone buying into any sort of myth regarding Buffet.

Who the F is James Altucher? What a retard to call people names like that.

There is zero correlation (on a 12 month basis) between GDP growth and stock market returns.

You mean buy a garage? Certainly not a house.

Any trading is gambling if you have no idea what you're doing. Futures are just one vehicle.

There's no such thing as "timing is off" in trading. Either you're right or you're wrong.

Hogwash.

By your logic it's next to impossible for a stock to go from $10 to $100 over time. You realize how unrealistic your assessment is?

No update on the performance? Why do they only issue press releases on vol spikes?

You have been writing of a Dollar crash for the past 5 years. The Dollar is up 30% in the same time frame.

Buy a put or sell the underlying and buy a call option (same thing, technically)

You realize that's a good thing right? Capitalism works over the long haul, through bubbles and busts, despite all its inefficiencies. If your observation was correct then the myriad of price controls in Venezuela should have catapulted the country into an era of fantastic wealth over the last...

Speculation affects society in a positive way overall.

Oh wow 3 tiny hedge funds are closing. Yawn at the 'massive' $250m liquidations. The Zerohedge clowns are pathetic.

Sounds amazing! Where do I send my money?

HFT is great for anyone not scalping for ticks.

There are many more broke traders who started as overcapitalized millionaires than vice versa.

Yes you would benchmark a hedge fund compared to what universe they invest in. An equity hedge fund investing in global equities would be benchmarked e.g. vs a global stock index (unhedged USD). Why would you benchmark a 100% equity hedge fund to a 60/40 equity/bond allocation is beyond me...

I think the marginal "happiness increase" peters out somewhere around $80k-$100k a year in annual income (or equivalent lump sum cash wealth). Having $2 million in the bank .. if you're unhappy you will still be unhappy if someone put $200 million in your bank. You will still be depressed about...

Yellon says Rogers has no clue. Who to believe?