Incidently, I mentioned this thread to my wife ,who really is "special", so I am talking from experience....
Her comment, quote" Oh hell, the poor man"....
Nuff said...
Her comment, quote" Oh hell, the poor man"....
Nuff said...
From CEO to pizza delivery driver
- Thread starter Roman Candle
- Start date
Doers?
How is starting a hedgefund doing anything??
I know this is a trader forum so maybe I'll get burned for this comments ( who cares) but shuffling stocks back and forth isnt exactly my definition of doing anything.
Countries don't get build and prosperity doesnt get's safeguarded by hedgefunds unfortunatly.
His plan was to sit on his ass in his home study bringing home the big $ and he failed.
Too bad and I feel sorry for him but to claim this is the atitude America misses today is a bit overstretched I would say..
Imagine an entire economy just shifting money back and forth without people really producing anything!
Oh wait, we just had that and it collapsed to the ground.
Most of you guys are a bunch of whining losers. This guy just had some bad luck after trying to live a good life. Big deal. It's far more than you baby frightened money hoarders will ever accomplish. Too many trolls with imaginary bank accounts here. Try real risk and lose bozos and you would understand
Typical ET for some people to think what this reckless fool did was admirable and he failed due to bad luck and external reasons.
This had nothing to do with being "unlucky," he shot himself in the foot. If he was really good he could have succeeded despite the times... even if it meant trading his own account for a while. He clearly failed to do his due diligence, develop a sound business plan and adequately capitalize his start-up.
His first responsibility was to his family, not to blindly "go for it" and jump without looking after having clearly lived beyond his means. So I can have only contempt, not respect, for a jackass like him.
He could NOT "have just as easily struck it rich." This isn't a coin flip where each outcome is equally likely. He was guaranteed to fail because he set himself up to fail.
This had nothing to do with being "unlucky," he shot himself in the foot. If he was really good he could have succeeded despite the times... even if it meant trading his own account for a while. He clearly failed to do his due diligence, develop a sound business plan and adequately capitalize his start-up.
His first responsibility was to his family, not to blindly "go for it" and jump without looking after having clearly lived beyond his means. So I can have only contempt, not respect, for a jackass like him.
He could NOT "have just as easily struck it rich." This isn't a coin flip where each outcome is equally likely. He was guaranteed to fail because he set himself up to fail.
The biggest mistake he made: start an own business with only 500k in savings, while living a 500k a year expenses lifestyle.
You either have a whole lot more savings, above 1 million, or you live on 40k a year while starting up your business. He should have been more realistic.
You either have a whole lot more savings, above 1 million, or you live on 40k a year while starting up your business. He should have been more realistic.