Yes, just like you hire a programmer to figure out a certain algorithm, says he can't figure it out, he leaves, has gained knowledge of your system and then goes off and starts his own fund or sells what he learned from you.
Just never sell yourself out. Some of these guys would sellout their own mothers to screw you.
Read the fine print. What the large print giveth, the fine print taketh away.
With 20,000 to be let go from Hedge Funds this year, you ETer's with something to show, better get working on your pitchbooks. Where will these guys go? They will team up with their former colleagues and will look to acquire undiscovered talent.
I actually believe there is more opportunity now. You have guys regrouping on their own after being let go and looking to start their own smaller hedge fund or private equity firms. Big is out and small is back in.
Now if you got something they need, they will be all ears.
Look at smaller funds and ask to be made a partner based on your success after a certain time or objective is met. Also look into having a "key man" insurance policy that is not only in their favor. This is all depending on how close to the holy grail you think your edge is.
10-15-08 11:03 AM
The mere fact that the 1200-1150 area did not hold is chilling.
I am looking at the 800-731 area to initiate the next long. But damn, the chart says we could even touch 600.
Time to update the history books.
I wasn't kidding you when I said if the 1200-1150 area...
LOL, this is why ET is so addicting. It's a fruit basket overflowing with knowledge, facts, opinions, advice, entertainment, drama, reality tv, sorrow, etc.
hey kinggyppo,
you know as well as I know that I haven't the foggiest clue as to whether or not this will be the turn. But if I don't bet, I can't win.
I see nothing has changed on ET.
Anyways, markets are flashing a bottom here. This good be the one for the bulls to ride.
If you don't bet, you can't win.
I had to have a sugar maple tree cut down. $5000 quote. LOL, right and he wanted it cash.
Here are your tax cheats Mr. O.
and the electrician that charged me $1450 for something that probably cost less than $500 to do and wanted to be paid cash?
Where are the regulations and...
I get dirty looks from folks because they know I trade. LOL, FU! Declare all your income before you judge me!
LOL, you bitch about the bailouts because it's your tax money. How about paying tax on all your income before flapping your lips.
Be careful, what comes around goes around...