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You are right, his business. Nobody ever said this business is easy. If you give yourself a cushion by doing something to earn 6-7 figures a year for a few years and walk away after a mistake no harm to you. Trust, its not because nobody wanted him as my firm offered him about 50K to come over.

Wanted to do something else....nothing wrong with that. He made the money he wanted to make. Not everyone wants to live with stress. Same reason why many bond traders in the 70s and 80s were retired in their early to mid 30s. They made the money they watned and moved on.

We have seen Wall Street/Boiler Room etc. At the end of each month in small firms they say what the top broker made.

I didnt know that having an account at ML means you NEVER lose money. I suppose everyone makes millions at Bear Sterns. Goldman is 100% and always gold. It was one stock, one we do not know where exactly he got out at.

I have a feeling most of the guys making sour remarks about the CIG guys are just a bunch of guys who could not cut it on the retial side of business. They probaly are the ones who passed their 7 with a 95 and lasted three weeks. I dont understand it. The guys on here constantly talk down on a...

They can only do this if people from these places apply. I am sure they would love to follow from GS. This would only be possible if someone from these places responds to the casting calls.

A lot of brokers here and THE SOUTH (I know several who came from firms in Florida) do things over the phone. But most times if you ever want someone to send you "real" money, a face to face meeting takes place once a relationship is established.

Here is information on Jim http://www.lombardstreetresearch.com/about_us/account_team.html

Have you guys ever thought that maybe they are using "boiler room" lines because THEY WORK. It seems many of you have never had a sales job, but wether it is real estate, cars, or anything where a sales person is needed the same lines that have been around for years and years are used. I hate to...

LOL...now that was funny

WHen you pull there U4's on http://www.finra.org/index.htm They are both "clean" and still in the business. I think the SEC has come down on the "boiler room" operations that popped up all over the 80s and 90s, not to say they dont still exsist, but it be would be much harder to pull it off...

So a wirehouse firm never ever loses anyone money? Cant wait until the rest of America figures this out, then maybe we can get out the mess we are in now...

Trust me, the people who are good salesmen are making great money "managing" portfolios. Some of them with clean u4 and some with marked ones. I have quite a few friends who did over a million gross last year on an 80% payout. Granted 800 grand is nothing copared to many hedge guys, but to many...

Can you ever really say that the truly rich only do this or act this way...of course not. Yes you do have people like Warren Buffet who eat at the same steak house every week, live in the same house he bought for 30k and drives a cadilac I belive. But then you also have billionaires like like...

Some info on Brett A Hickey http://www.aegiscapitalgroup.com/team.php?teamID=1&v=f Mr. Hickey is a Co-Founder and Managing Partner of Aegis Capital Group LLC Prior to co-founding Aegis Capital Group in 2003, Mr. Hickey was an investment banker with the Insurance and Asset Management...