Billionaire trader John Arnold retires at 38
- Thread starter turkeyneck
- Start date
This guy was successful for well over a decade and has decided to cash out. You make it sound like he had a couple of lucky years. It is pretty hard to have a lucky decade.
And the size of the win has to be counted. He didn't make ten or twenty million and, more to the point, he left the table with a boatload -- or 10 boatloads. I'm not quibbling with your contention that longevity is a factor but once you pass a decade, amass one of the truly great trading fortunes and take it with you the reality is you have accomplished what few have even approached. If he stuck around another decade and tripled his fortune -- easily doable for this guy -- would he deserve more respect or does he have to put in 40 years?
And the size of the win has to be counted. He didn't make ten or twenty million and, more to the point, he left the table with a boatload -- or 10 boatloads. I'm not quibbling with your contention that longevity is a factor but once you pass a decade, amass one of the truly great trading fortunes and take it with you the reality is you have accomplished what few have even approached. If he stuck around another decade and tripled his fortune -- easily doable for this guy -- would he deserve more respect or does he have to put in 40 years?
Quote from ChkitOut:
I know i sound like a hater
but to your question about how to gain true respect as a trader. Simple, longevity. Be able to make money in any trading environment.
He made Enron 750 million when he was all of 25! Yeah, he did OK. Of course we have several guys here on ET trading FX that make that kind of money so take that for what it's worth.
