Search results

I guess you blow your brains out Marty. What else is there to do in the binary world you want to live in. Just blow them out. What do you for a living Marty? Manage money? What happens when you have a 50% drawdown? Walk me through it.

Daal, he DID state this. I have his book were he discussed this and I've watched all his interviews where he laid out the details just as I have. And can you inform me why someone in Bangladesh can't invest in US T-bills because I assure you they can. In fact, the irony here is they would...

In fact Daal, here is his EXACT strategy. He espoused buying 12 month zero coupon bills. And using the discount from those bills, buying option structures that involved being long tails in low vol environments. As Marty pointed out, the devil is in the details which can be said about anything...

He did. You mentioned it in your post...convexity. Things that have convexity have asymmetric payoffs. You should own things that are convex and I gave real life examples of that. What you are getting bogged down with is the concept of "safe". He uses T-bills generally to define safe. And...

There are natural limits to everything Marty. I wanted to be a professional baseball player when I was 7. That didn't work. That whole natural limits thing. Of course there is also that story of a black man that said he wanted to be President of the US. I'm glad there are some people in...

Daal, here is the issue. When dealing with finance as Marty pointed out, we all define these words very differently. There are people on ET that think only making 20% a month selling options is modest and conservative (hey they could make 50% a month if they wanted to). Everyone here will get...

Marty, address me with this theory not NNT since you obviously have a dislike for him. I espoused this theory long before he ever put pen to paper on it. I've been telling this to people my whole life. So respond to me personally since I'm actually here and he's not. Thanks. It will make...

Sure Marty, there are ALWAYS impractical ideas. I'm an accountant and I would like to be an astronaut. Clearly I can't devote 10% of my time towards this or even 100% of my time past a certain age. I'm speaking broadly here. I believe most people live their lives at one extreme or another...

Example 2, fictional story...ET. Say a guy is a boring accountant and dreams of becoming an at home daytrader. He is married with 2 kids. He thinks he has 2 choices. Stay at a job he hates which is safe but will support his family, or quit his job, take all his savings and go into daytrading...

Let me give a few examples how this strategy can work in real life. I had a buddy I went to school with that became a pilot. He also had this bug out of no where to get into acting. He wanted to move to LA. He called me up one day and asked for advice. I told him to do it! but here is what...

Let's loosen this to what "I" would consider risky strategies. Penny stocks, option trading, junk debt, low quality preferreds, even a highly leveraged mutual fund or your next door neighbors new hedge fund. There are plenty of high flyers out there people can invest in or strategies that...

Completely disagree. There are tons of risky assets out there available. The issue is the avg investor has no idea how to value them properly. And I think TIPS serve the function well, while not perfect, of protecting your money from inflation although that is not the purpose. The idea was...

Depends on what your goals are. Mathematically he is correct regarding risk. Most people try to reduce risk by "diversification" assuming low correlation of assets. The problem is in times of high risk almost all correlations go to 1. Since you are taking more risk then you think are but...

Did I miss the war? Who won?

I've read the whole thing. It's not "one" post per se that is a smoking gun. If you read it from start to end you will see the slow progression. Same goes for his market maker thread which lasted years. You have to read it in order and you will see the slow progression. It's like...

I didn't even know Nitro was posting in P&R. Most of the stuff I'm referring to was in his black thread or everyday is black, whatever it was called. He had two very long running threads that go back years where he posted daily. His posts were becoming more and more over the top everyday. I...

Your assessment is wrong. Vol is not cheap. It's expensive in two ways. One, stat vol is in the single digits. Which means over the last few months vol has been horribly over priced and the downward trend has been justified by the actual vol in the market place. Two, the forward curve in...

Nitro is following the same pattern. Stress,middle aged, daughter, divorce, trading losses. Then the conspiracy talk. The talk of danger, world falling apart. Post activity goes parabolic. Then a sudden stop. Nothing. No goodbye. No, I've had enough of this place, I'm leaving. People...

And this is why you have people committed to hospitals. I know a lot about mental illness and those institutions that help people. These institutions are the only thing that can save these people because they can't or won't save themselves. Usually these situations end in suicide.

I know what it is. I have a buddy that went to one. What I am saying is in order to get Curtis to attend this "retreat", how do you expect that to happen? Seriously, walk me through it. You call him up while he is tunneling through a jail while doing videos from his phone which he is...