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reading all the recent news headlines on Tesla, it just occurred to me the irony of the company being located in LA, ie. Hollywood, showbiz & entertainment capital of the world on some level, i think all ceos of publicly-traded companies got to be the #1 endorser of their own stock, especially...

gotta say, it was all pretty impressive until the article included a sample question like: " If you fancy yourself in the same category, you'll need to answer questions like: 'If a 2-inch cube of silver weighs 3 pounds and is worth $200, how much is a 3-inch cube worth?'" some of the chicago...

lol, yeah i put that in at the last second bc didn't want to get book recommendations on The Black Edge, etc

good point, i guess the liquidity factor goes both ways, eg. some of the hedge funders didnt get there as fast as some of the billionaires who got there by way of paper valuations, but their holdings are pretty liquid as compared to ownership in pre-ipo (pre-earnings?) companies

the point is, when they are that level, they get what they want anyway- there are teams of lawyers working 100 hour weeks helping them devise strategies to legally get the lower rate, regardless of what they call it ostensibly just look at what renaissance reportedly did, there was a whole...

yeah, well i guess he should've gotten in on the game earlier then again there's been news coverage of how more and more quant strategies are running out of steam, so it'll be interesting to see if they can post returns at the same rate going forward

entirely serious, just wondering as Buffett seems to be in the news a lot recently with his team of PhDs running ultra-high speed computers, why isn't Jim Simons richer than a guy sitting somewhere in Omaha reading paper printouts all day?

alright, respect for that i guess, maybe the shark tank mentality in nyc just gotten in my head a little

point noted, but my take is: 1) not trying to sell product here, so only going to selectively find topics to shoot the breeze on 2) not sure why you'd trust anyone's "self reported trading results" on an online forum - i mean, social media is full of trading gurus waving around stacks of cash...

c'mon, wouldn't the use of material non-public info be like the definition of impermissible market activity public info doesn't mean fully priced in nor does it mean your analysis is public we're not in finance 101 learning the efficient markets hypothesis here - which by the way has been...

there's a saying how if you do what everyone else is doing, you'll get the same results as everybody else which brings to mind a question, what are some unorthodox legal ways to gain an edge in this day and age, short of being a HFT & raising tens/hundreds of millions to dig through the...

the margins on ags look attractive right now. how much leverage are you putting on for these?

yeah, but at least he made it multiple times in the first place and by all accounts his family was left with a trust of like $5m of today's dollars, which is nothing to sneeze at at his peak he had $10 bln in today's dollars, which is an incredible feat for a guy who ran away at age 13-14 and...

so after the frothiness in biotechs, inverse vol plays, palladium, bitcoin in recent years, where do you think the next big bubble is going to be? i was reading another biography of livermore recently after having gone through reminiscences earlier, and it seemed like he was able to parlay a...

uh, if you want to get into the semantics: 1) I specifically referred to him as a private investor in my post 2) The title of the thread refers to Part 1, where the original thread discusses making $100m from trading for institutions vs. own capital & whole point of even bringing up topic is...

ok, so the sequel to this earlier thread (https://www.elitetrader.com/et/threads/making-100mm-from-trading-with-no-lps-outside-capital.329189/) just got released fresh off this week's press from Forbes magazine, optometrist makes US$1 billion+ as a private investor...

ok, not to be facetious here, but who would u say is the better trader from the above? bc every year there's a ranking of the best hedge funds where they measure "best ever" by the accumulated profits since inception...

good point, i had originally annualized the whole thing, now realize that it should only be multiplied for the 1st quarter since that's when bonuses are paid out

yeah, i mean that's my thought too, right skewed distributions/ outliers, but if BLS govt statisticians are reporting "average" there must be a reason they chose that right? & i just did a rough numbers check, nyc population - 9 million nyc working population - 4 million financial industry...

after reading a bloomberg article earlier today on stanford business school, i was redirected to a BLS.gov website on weekly wages, and was surprised to see that the average weekly wage is $9,440 for the "financial activities supersector" in Manhattan (as of first quarter 2018)...