Good quotes!
I like the British SAS quote on their crest;
"Who dares, wins"
Billionaire trader John Arnold retires at 38
- Thread starter turkeyneck
- Start date
I like the British SAS quote on their crest;
"Who dares, wins"
I'm sure he'll play around interdependently with a few 100m wouldn't you think if he truly loves the game? its just about points and love for the game after your lust/need for money is gone.
Even if I had all the money and power in the world I'd still watch the markets and take a position once in a while even if it's just .0001% of my capital lol
livermore put a bullet in his head because of pretty much the same thing that ended up forcing Arnold out, regulators taking his game away.
Even if I had all the money and power in the world I'd still watch the markets and take a position once in a while even if it's just .0001% of my capital lol
livermore put a bullet in his head because of pretty much the same thing that ended up forcing Arnold out, regulators taking his game away.
hmm.. not quite... it was a spread across different months... So while Brian's spread widened and got to the point where he had to start liquidating it, our hero here was on the other side of the trade.
Had John instead been in Brian's spot, Brian would have seemed the apparent winner and a trader extraordinaire.
I still maintain John is a great trader, just that had he been slapped instead of Brian, he wouldn't be so great all of a sudden...
The way you say it, sounds so much like a coin toss trade.
That's why Brian blew up. Sure he had his analysis, etc, but betting on weather is what it essentially was. He was betting on a strong hurricane season the first time, which worked and Brian made something to the tune of 9 figures clean sweep after netting his firm Amaranth several billion....
Next year he figured the market was pricing the same kind of hurricane season as the previous years'. It didn't.
Even the profs were surprised as to how stupid the whole trade was considering how Brian was one of the smarter students they had in their class.
It was a coin-toss, of the elite (trader) sort...
Quote from KastyG:
how do you get to 3.5 billion from zero by age 38?
serious question.:eek:
he must be the greatest trader in the whole world
and here i thought i was
He's a well educated genius with a photographic memory and balls of steel. His genetic makeup is unique. Most wannabe traders are fat, dumb and illiterate, having balls of steel does no good.