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Like my tenth grade PE teacher said, if I gave each one of you $1m, in 20 years, two or three of you would be very rich and the rest would be working for them. Redistribution is always going on. Even the redistribution gets redistributed. (Something else my PE teacher said: stay away...

OK got pwned by Chkitout. I think I read that, actually. Still, trading against Steve Cohen seems like something to avoid. There are easier targets. I mean, by definition, futures have no alpha, being a two-sided market. Same for options. Better to benefit from the drift.

Blueturtle makes many good points. I listened to a dentist and had my wisdom teeth removed. Perfectly good body part, now permanently gone. Eminis strike me as being a really lousy, alpha-poor market to trade. Does Steve Cohen trade them? No, not even close. Would he employ 1000s of people...

This guy has some good data on stocks vs. houses (go down to Analysis still incomplete). http://observationsandnotes.blogspot.com/2012/04/home-real-estate-stock-market.html I think there's a massive advantage to housing for a) leverage b) imputed rent c) tax advantages This...

his bio says he trades emini futures. why would he trade that if he's wealthy and not undercapitalized? Gotta be better markets to trade.

Here is a calculator to have fun with stock market returns. http://www.moneychimp.com/features/market_cagr.htm The numbers are basically the same as in the pdf for 1982 thru 2011. There are a number of different ways to calculate the growth rate. If you take the total appreciation...

Or an ascending wedge. WU is doomed . . . cash transfers by phone are already here.

I'd say I'm about 7% over the old highwater mark at this point, after the disastrous end to last year. So that's nice, but even a monkey could make money in this market (not to rub it in anybody's face or anything, just to acknowledge that pressing buy is really the only strategy that's worked...

Via Business Insider, I saw the pdf linked below. It tallies up after tax, expenses returns for different asset classes. Stocks come in first, bonds are in the middle, and SFHs and commodities are at the bottom. What's interesting is that even after the huge bond bull market over the last 30...

The other posters at Realmoney knew that Dykstra had a martingale strategy that was bound to fail, and told him so. Cramer had to know but still promoted him and his 99-1 record.

Clearly a case of roids. He must be on some drugs, you don't go from successful businessman to what he is now without drugs.

Teresa Lo, is she a market charlatan? She used to run a firm called smarterstops, but now it's called wealthcop. She seemed to go far on "hot asian trader chick" appeal.

The passive investors are index investors, I suppose that's what you mean by equity funds. Like I said, the passive investors earn the market return, and the market return is the market return, regardless of HF performance. (I should make clear that winner/loser refers to returns above/below...

Let's divide the market into three slices, winners, losers, and market. The interesting thing is that the return of winners and losers combined is equal to market or the group of passive investors, and all three combined are of course the market. That means that all excess return is transferred...

Steve works? I thought the whole point of insider info was not working.

The other source of profit is their own clients. The avg Paulson client has lost money, I bet . . . I wonder if he has generated more in profits than losses. His losses with a much larger AUM might exceed his enormous gains on a smaller base.

The avg mutual fund holder earns like 4.5% vs. 8% for the fund. So that's some significant source of profit right there.

"Tim Sykes is no longer managing an investment model on the Covestor platform. Due to the nature of Tim's strategy, we were not able to effectively replicate his trades for our clients. We are committed to providing our clients with the best experience possible and are constantly striving to...

OK . . . so he's long gold and long dollars.

Then what is the difference between gold and gold in euros? If the account is denominated in dollars, the purchase of gold in Euros will ultimately be converted to the account's base currency. That's why I said it disaggregated into two positions, gold and euro/dollar, if dollar is the base...