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Did they finally make the employee base of Axe Capital 90% Asian, Indian and Jewish? Or is it still totally unrealistic being full of white people and one emasculated Asian?

Uh huh.

There is an obvious difference between having the vision to see the impossible as possible and striving for it vs believing in irrational fears. In fact, the former set of people don’t get caught up in irrational fears like “a broker is going to steal my retail strategy.”

I made it all up. I would have thought a site full of traders (whose job it is to figure out how not to be the sucker at the table) would have figured this out.

Would it not be the following: Opening: Cash is debited at SMV Liabilities credited for SMV Cash credited for margin requirement whatever this is Assets debited for margin requirement whatever this is Unwind would be the opposite with a fifth transaction being equity plug

Well, if he had concocted an invisibility chemical, he could hide the cage from his mom.

Maybe phantasy world would be appropriate. Do I get the Jonathan Swift award for best satire on Elitetrader?

Here’s my suggestion to avoid a broker stealing your strategy. My friend did this as he grew he account from 2,000 to 25mm over the course of three years. When he started trading, he opened an account with a very prominent firm. After two months he had made 300k on his initial 2k and the CEO...

In all seriousness I think his thesis was that with consolidation, the airlines would have pricing power and the ability to cut capacity.

I think he sells through Goldman Sachs. He sells some in the open market. He will offer to them below market and they figure out how to offload the shares.

Every trader and investor gets things wrong. Unlike you, I’m sure.

The book value of Berkshire increased by about 11% CAGR over 9 years ending 12/31/19. The SPX returned 13% including dividends. Except that Berkshire didn't benefit from P/E expansion as much (as only their public holders get marked to market) nor from those new fangled growth stocks that ruled...

okay, we'll use your favorable calculation. 1.4% is still considered rallying hard? that's not even the implied vol of the SPX. Nice try though Jerkoff.

New accounting rules require him to mark his public equities to market. That's why the volatility of his earnings has gone up.

You consider .42% "rallying hard?"

Like I said, you would get a knock on the door, not necessary get in trouble.

The fed will only knock on your door if you are trading on material non-public information. The SEC will knock on your door if you are trading inside your black out period. If you have one. The company’s compliance will come knocking on your door if they get wind of the transaction and it...

His company earned 6bn in cashflow. They took a 50bn mark down on their equity portfolio. We know in April a lot of that came back.

You aren’t a psychiatrist?

I heard many housewives opining on how you should manage investment risk during the March selloff.