How about starting with the so-called old fashioned work ethic, combined with some disciplined smarts, and applying those day after day, year after year?Quote from stock777:
28 million. I'll assume it was on a huge amount of handle, with a profit of a few cents a share, maybe a bit more achieved. I know his costs of trading must be quite low.
Otherwise, how is it possible for many of your traders to lose money or make very little, when someone in the org has that kind of know how?
I know being in the same room would not be of much help. You have to be able to 'grok' how the money is being made.
Is what he's [Bob Bright] doing not possible to duplicate systematically? Or does he have proprietary indicators that he can't disclose?
From another thread - in response to a poster's question as to what enabled Bob to make the transition from a succe$$ful blackjack player in the '70s, to well-respected, succe$$ful trader from the '80's to the present: "...Bob Bright is an indefatigable, very highly competitive, hands-on, entrepreneurial, fair-minded individual and family man who is intent on utilizing his talents and abilities to the fullest in exploiting the obvious opportunities and the not-so-obvious inefficiencies in the financial markets, as well as in the gaming, and real estate arenas."
In addition, contrary to the stereotypical "big wheel", "high roller", "flashy, high-stakes gambler" - er, "gamer", "high-flying entrepreneur", Bob's unpretentious manner may be part of his psyche, or may come from years of practiced "holding his cards close to the vest", or, most likely, his continuous focus on the task at hand - be it a trade, a poker hand, or keeping a keen risk management eye on the bottom line in running a large firm (of traders, no less) - where everything outside of the moment is superfluous, and anything less than one's best effort is difficult to comprehend. In fact, I'll bet that those who've known Bob Bright for many years would say that he is modest to a fault.
(As for the much too-self effacing (IMO) younger brother, BT "front man", Don: if the few ET chronic naysayers really had any idea of the major multi-tasking that he accomplishes through his own talents day in and day out, they might... just might, admit a little respect for him, also - not that he would want any, of course. Don Bright, however, doesn't have birthdays...)
