Search results

You didn't answer my question. Those people ended with those net worths after 50 years of living frugally and building equity in their homes. They had the fortune to live through one of the most egalitarian and prosperous times in human civilization where a janitor earned a "living wage." Today...

How does a google project lead earn 1MM in net worth? From what I can tell the salaries are around 200k. And with expenses in the Bay Area being so high, its unlikely the lead is saving anything. So his net worth is probably coming from equity and option grants. To earn 1MM net worth through...

The return isn’t compounded. Medallion returns capital each year to keep the AUM down. 100bn in dollar profits on (say an average of 6bn) over 30 years is insane. Bridgewater has earned about that in dollar profits but they needed a lot more AUM.

Each call is worth $100/point. So it’s actually 500k.

The relentless pursuit of an edge to earn more. More often than not, they create ingenious ideas. Othertimes they cross the lines of legality and/or morality. Renaissance Technologies came up with a tax structure to turn short term stat arb trading into long term tax gains. Enron came up with...

Urban story: Journalist is sitting next to a hedge fund manager at an industry dinner. She says to him, “why do you keep doing this? If I had a hundred million dollars, I would retire.” Hedge fund manager replies, “that’s why you will never have a hundred million dollars.”

The public wasn’t willing to pay a 47bn valuation. Why should JPM or SoftBank? This is the most fundamental principle of trading.

You are likely reading the 1099 wrong. I had a similar issue and spent about a few man days working through all my 1099’s for the last seven years. In FB, you have differed loss of 13mm, what is your gross gain and what does your taxable gain say?

No specific algorithm you can follow. It depends on your view of what will happen next.

Or John hull....

Or he did it because everyone is talking about how many Kurds will be killed instead of a phone call to Ukraine.

Gary Kasparov did the exact same thing against the first Deep Blue. He started playing erratically and the computer couldn’t calculate the permutations properly.

No. But what’s the likelihood this stunt puts him on a Goldman trading desk for the next four summers.

That’s what I meant. They charge everyone that is creating the exposure and buy one cliquet for the hedge. It would be better for an individual to buy a hedge themselves (if they can do it at a reasonable price) otherwise they are just paying for someone else’s put. I started my career as a...

They likely take some portion of that fee and buy a cliquet option to hedge their credit exposure.

FALSE!

It was a trap set by a fringe right group. The larger issue here—— butt1suck2 did not object out loud to anything they were doing.

Ha. So much for the “honest discussion” he kept touting. I think he has a personality disorder. He likely hasn’t put you on ignore. He claimed to do that to me, but then responded to my posts on this thread (which were directed to you).

Or befriend someone who can change their potential forever?

Does this forecast a slowdown? The trends are slow moving.