+1
Best to beat the other guy, but only by a whisker.
Greg Coffey retires from (no) Moore Capital
- Thread starter Dogfish
- Start date
Best to beat the other guy, but only by a whisker.
Yes we all agree that "walking away with $665 million after only "a few good years" is absolutely positively killin it."
there is a difference between his performance & what he puts in his own pocket - often it is divergent
Point is in a lot of these cases, it's more about being in the right place, at the right time than anything else (bull market trader)
The old adage "better to be lucky than smart" comes to mind
The guy had a ROR of about 4.5% since 2008
No doubt b/c he's managing OPM, he still gets paid $millions
Do the math if he was trading his own account (even $1M)
Before he joined Moore cap in 2008, Bacon was saying:
"best trader of his generation"
"legendary"
blabla
Why don't you ask Louis Bacon what he thinks of Coffey now
there is a difference between his performance & what he puts in his own pocket - often it is divergent
Point is in a lot of these cases, it's more about being in the right place, at the right time than anything else (bull market trader)
The old adage "better to be lucky than smart" comes to mind
The guy had a ROR of about 4.5% since 2008
No doubt b/c he's managing OPM, he still gets paid $millions
Do the math if he was trading his own account (even $1M)
Before he joined Moore cap in 2008, Bacon was saying:
"best trader of his generation"
"legendary"
blabla
Why don't you ask Louis Bacon what he thinks of Coffey now
Those who are/were winning can cultivate whatever persona or say what they like (orders coffee when he's not around. LOL) & still have the Eltetards of the world lapping it up
When they can't hack it anymore they whistle another tune "more time to take the kids to school" or some other shit
Jock sniffing tards like Newworlddm would even let Coffey screw his mother/wife/GF for his "Holy Grail" secrets. LMAO
It's all BS anyway, this impression that he was some seat-of-his-pants trader trading 24 hrs...
Most of his performance cam from emerging market equities
When they can't hack it anymore they whistle another tune "more time to take the kids to school" or some other shit
Jock sniffing tards like Newworlddm would even let Coffey screw his mother/wife/GF for his "Holy Grail" secrets. LMAO
It's all BS anyway, this impression that he was some seat-of-his-pants trader trading 24 hrs...
Most of his performance cam from emerging market equities
I think more dollars have been lost in hedgefunds than made. I agree there's a problem when any service industry makes abnormal returns.
Regarding the coffee, etc. A lot of portfolio managers have some messed up personalities. At my old firm, i would wager most PM's would qualify as insane or at least sociopathic. I guess that's what makes them good - they don't think like everyone else. Paul Tudor Jones was like this, and according to a friend who has met him many times, is still quite nutty. From my experience it's mostly the macro guys who punt a lot and have the personality to do it in big size. It's not majority of the industry but it captures the imagination the way AC/DC captures the rockstar persona.
Watch the movie Trader (if you can find it online). It's a PBS documentary about Jones in the 80s. He has worked hard to get rid of it so your best bet is a chinese site like toudou or something. He had magic tennis shoes as well.
"These shoes used were Bruce Willis's. He's a stud."
