The thing is, i wouldn't believe a single word of what he writes, but i actually witnessed and/or have first hand testimonials of close friends who witnessed some of the crazy crap he writes about. Its 100% true believe it or not.
surf
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Altucher calls Warren Buffett a F-----g liar
- Thread starter marketsurfer
- Start date
The thing is, i wouldn't believe a single word of what he writes, but i actually witnessed and/or have first hand testimonials of close friends who witnessed some of the crazy crap he writes about. Its 100% true believe it or not.
surf
Why are you posting this drivel? Altutcher is a paper-trading shill. Zero credibility.
No, man. Altucher walked the walk back in the day. Yeah he is one unusual cat, but he has/had cred.
The thing is, i wouldn't believe a single word of what he writes, but i actually witnessed and/or have first hand testimonials of close friends who witnessed some of the crazy crap he writes about. Its 100% true believe it or not.
surf
As you know by now, I have a problem with his constant bitching and whining. His anti-day trading rants reek of a person who failed and now claims others must fail also. It's minor league crap. That's the bs I have a problem with.
The only other stuff I have seen recently are this video of him trashing Buffet. What he could be saying can definitely be true. But the manner in which he goes talking about it is insane. Why trash Buffet publicly ? A lot of people think Buffet is some genius (I don't). But what is to gain with going after him?
The only other thing I read was some drunken rant I think you posted on here. The one with the picture of the dude passed out in the street. That was embarrassing.
I read his book Trade like a hedge fund years ago. I thought it was good. But he has turned into some mad at the world-whining about everything-crazy nutjob.
He really has no credibility anymore. I'm not the only one that thinks that. That's why I laugh when you post his crap. He's become nothing more than a crazy pair of clown shoes.
No, man. Altucher walked the walk back in the day. Yeah he is one unusual cat, but he has/had cred.
He HAD cred Surf. But again. as far as trading that was "back in the day" when housewives were day trading at home buying Lucent and Cisco in between watching soap operas.
He HAD cred Surf. But again. as far as trading that was "back in the day" when housewives were day trading at home buying Lucent and Cisco in between watching soap operas.
he is playing to a different audience now and reinvented himself. He's my friend, so yeah I'm biased.
I never forget visiting him in his office at 54th and fifth. There were computer monitors that had buys and sells just flying so fast you couldn't even make out the numbers-- a blur.
I later realized I was witnessing one of if not the first HFT program raping the market. surf
As you know by now, I have a problem with his constant bitching and whining. His anti-day trading rants reek of a person who failed and now claims others must fail also. It's minor league crap. That's the bs I have a problem with.
The only other stuff I have seen recently are this video of him trashing Buffet. What he could be saying can definitely be true. But the manner in which he goes talking about it is insane. Why trash Buffet publicly ? A lot of people think Buffet is some genius (I don't). But what is to gain with going after him?
The only other thing I read was some drunken rant I think you posted on here. The one with the picture of the dude passed out in the street. That was embarrassing.
I read his book Trade like a hedge fund years ago. I thought it was good. But he has turned into some mad at the world-whining about everything-crazy nutjob.
He really has no credibility anymore. I'm not the only one that thinks that. That's why I laugh when you post his crap. He's become nothing more than a crazy pair of clown shoes.
That book made me a ton of cash--- the bk strategy in particular.
I don't completely disagree with u overall.
Yeah, I would imagine he was targeting a "new" audience as those on Wall Street/Traders consider him a joke now.
I would imagine anyone who first got involved in HFT in the early stages did clean up. It's like a lot of strategies out there. I remember when the E Minis (ES) started trading. There was a HUGE discrepancy to make money off of by arbing the minis vs the big pit contract. You had guys setting up shop right outside the pit and printing money on the arb trade. The big ones could be trading 950 bid in the pit and 948 offer on the screen. You buy 100 on the screen at 948 and sell 20 bigs in the pit at 950. Was crazy. This stuff happened all day long in the beginning. Not always a 2 handle difference, but opportunities all day. then as more people caught on, the trade got tougher, then completely disappeared. You are seeing that in the HFT world. These guys are having a tougher and tougher time making money as time goes on. Another problem is the cost of IT with these strategies is going through the roof, so their profit margins are being clipped.
I would imagine anyone who first got involved in HFT in the early stages did clean up. It's like a lot of strategies out there. I remember when the E Minis (ES) started trading. There was a HUGE discrepancy to make money off of by arbing the minis vs the big pit contract. You had guys setting up shop right outside the pit and printing money on the arb trade. The big ones could be trading 950 bid in the pit and 948 offer on the screen. You buy 100 on the screen at 948 and sell 20 bigs in the pit at 950. Was crazy. This stuff happened all day long in the beginning. Not always a 2 handle difference, but opportunities all day. then as more people caught on, the trade got tougher, then completely disappeared. You are seeing that in the HFT world. These guys are having a tougher and tougher time making money as time goes on. Another problem is the cost of IT with these strategies is going through the roof, so their profit margins are being clipped.
That book made me a ton of cash--- the bk strategy in particular.
I don't completely disagree with u overall.
The strategies in it were very solid. We traded some of them at that fund I worked at down here. The bankruptcy one was very very good. Others in it were very good as well. Like I said, the book is very good. But it's sad what has become of the guy.
He lost whatever money he made decades ago, now writes a blog and tries to sell books. He's a bit more credible than V. Niederhoffer which is not saying much.No, man. Altucher walked the walk back in the day. Yeah he is one unusual cat, but he has/had cred.
He lost whatever money he made decades ago, now writes a blog and tries to sell books. He's a bit more credible than V. Niederhoffer which is not saying much.
Are you out of your mind? There are very few on Wall Street as credible as VN-- only a real hate filled loser would claim otherwise.
surf