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Billionaire trader John Arnold retires at 38
- Thread starter turkeyneck
- Start date
Quote from hoop121:
are you talking about Arnold?
i was just responding to the comment the guy made about Vegas.
i hate it when people say that trading is just like going to Vegas.
I hope you did not imply that is what I was saying.
My point is that if you do not know your edge, you are probably a muppet. Muppet being relatively knew to my vocabulary and if you are playing roullette or craps for big money you are probably a muppet
Quote from hoop121:
are you talking about Arnold?
i was just responding to the comment the guy made about Vegas.
i hate it when people say that trading is just like going to Vegas.
Your inference was that Arnold is "the house" and I disagree with that inference. His perf. is not analogous to making a market or even a +expectancy.
You die the hero or live long enough to be the villain
Kudos to John.
Kudos to John.
insidertraders
Guest
Doctors work til they are 70 and some fund 'managers)salespeople)(chairman) work til they are 80 or can't come t o work anymore in their wheelchairs.that is how easy or plum job a money manager job is.
He is NOT retiring, due to volker rule and limits on position limits he can no longer manipulate or the 'market' has shrunk.. 50% less market participants so his fund is too big even for the natural gas market. The natural gas market doesn't need his hedge fund and won't miss him if he leaves the 'game'. The only people who add value to the natural gas market is the natural producers and employees.
The guy made his money by playing the spread and getting commission on managing natural gas energy fund.
His clients were either offshore bank funds or big investment funds like soverigen funds or saudi investors. but due to regulations his clients must be revealed so his clients rather be 'secret' than tell the SEC who they are.
He had to shut down his fund because he lost all his clients and due to position limits 'enforcement' and market regulations he no longer had a strategy that ca n work in this trading 'environment'
He is NOT retiring, due to volker rule and limits on position limits he can no longer manipulate or the 'market' has shrunk.. 50% less market participants so his fund is too big even for the natural gas market. The natural gas market doesn't need his hedge fund and won't miss him if he leaves the 'game'. The only people who add value to the natural gas market is the natural producers and employees.
The guy made his money by playing the spread and getting commission on managing natural gas energy fund.
His clients were either offshore bank funds or big investment funds like soverigen funds or saudi investors. but due to regulations his clients must be revealed so his clients rather be 'secret' than tell the SEC who they are.
He had to shut down his fund because he lost all his clients and due to position limits 'enforcement' and market regulations he no longer had a strategy that ca n work in this trading 'environment'