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Huh? The investors claimed all their retirement money was in the fund and the NAV was NOT accurate as she based on the NAV on REALIZED losses and not unrealized losses. Her NAV is still showing the fund to be profitable. LOL. Of course that 100 million dollar loss will have to be...

Right, fraud requires evidence. That's how it works in this country. Thank God for our court system or we could convict people we don't know on online message boards.

You are confusing track record with fraud. There is a difference.

Karen is being accused of fraud, Taleb was not. Karen's investors are going to lose everything. Taleb's are not. If charges are brought before us that Taleb or his associates defrauded someone then by all means, let the investigation begin. But Karen intentionally at least from the period...

One of the beauties of life sir is you get to believe whatever is you want to believe and in the fashion in which you want to believe it. So if it serves a function in your life to believe Taleb is a failure, if that justifies the things you hold dear, if it just helps you get through the day...

They were pretty good actually. The guy made enough money in 1987 to support him the rest of his life. He made enough money in 2008 to live another 200 years if such option were available. Wish I could say the same for the rest of the industry.

Sure, theta is not static, it changes relative to other things other then time. For example, theta changes with regards to vol, price and even skew. ALL derivatives has 2nd and 3rd order effects which is EXACTLY why retail traders should not rely on them. A pde is simply a measurement of a...

It's not about liking them bobby. It's about understanding them. I sound like Confucius.

It can be either. Every greek has 2nd and even third order effects.

It's not better. It's safer in that you are selling peak gamma. In other words, as the market moves against you,it's doing this with a declining gamma curve which is exactly what you want vs the inverse which is the market moving against you with gamma exploding in your face. There is no...

Bobby, theta does not exist. It's a 2nd derivative. It's a calculus equation. A pde to be more exact (partial differential equation).

Bobby, listen man. The way you are going about this is all wrong. You don't set daily theta goals. That's not how you trade. But here is the thing man, nobody on this thread can save you. Most have been polite to you, the truth is, we all have to experience what we have to experience. In...

Well, the "smart money" might do just that however commodities will be challenged by a strong dollar. The issue here is this, I agree the "volatility" and therefore the trading opportunities will be in commodities, but for mom and pop public, they are not interested in that volatility and will...

I think one thing that might help think about it this say you were and have been long the market for years. Equities represent a substantial part of your savings and investments. If you "were" to sell, tell me where you would put your money in a negative interest rate world? I think...

Most high net work individuals have advisors who make these decisions for them. Don't get me started about those people. Many of them are members of ET! :)

The trades were done SPECIFICALLY in a way to cover up the scam which is precisely why each trade required her approval before execution. The trades were absolutely fraudulent. The women worked as an accountant in the limestone business. She knew she was not qualified to run this fund...

Now you are speaking statistics. When you say "avg retail trader" the key word is avg. Average traders of any sort make avg returns, hence the word avg. So yes, to answer your question, the avg retail trader will earn a modest avg return over time that will more then likely under perform...

I never said he wasn't a good trader. He was VERY selective and he did a good job of hedging his exposure. He certainly took concentrated positions but rarely. He went long periods of time without trading much. He wasn't in there buying and selling everyday on every moving avg crossover...

They apply to EVERYONE including Soros. Soros has NEVER EVER EVER claimed his returns came from without risk, in fact he has stated exactly the opposite. He has taken enormous risks in his life and if you read his book "The Alchemy of Finance" where you can read in detail his journal where he...

Guys, there is an absolute correlation between risk and return. I've beat this drum so much on ET that I'm exhausted talking about it. For every basis pt above an index return you are seeking, that marginal basis pt comes with a marginal unit of risk. There is ABSOLUTELY no way around this...