What kind of asinine statement is that? A dubious 1m to 5m shop? And they call themselves a hedge fund? Excuse my language but what the f*ck is that? I've never heard a more arrogant statement in my life. Listen I know there are swindlers out there that open up hedge funds and then take the money and leave. Ever heard of Martin Frankel you prick? He took 400 million from insurance companies and fled the country before the FBI finally found him hiding in a hotel in Hamburg, Germany. That's 400 million a**hole. So please don't make a correlation now between fraud and the size of the fund. You know for a man that claims he's educated you sure are talking a lot of horsesh*t. There is no correlation between fund size and fraud and there is no correlation between education and trading. Then you go on and mention and that these people do not have the right trading, academic and investing background. How in god's name do you know that? Who the hell are you to say who has the right background? I thought we got rid of all the socialists in this country. So tell me hotshot, just so I know if I belong in this business, why don't you tell me what the right background is. What education should I have, what should my trading background be or my investing background? Please let me know because I have might have to send a letter to my investors that I have to shut down the fund because I am not qualified. And please expand on what the size of the fund has to do with the quality of the fund. Our fund is small but not lacking in any quality. If you want to talk derivatives with me you name the time and place and I will school you so bad. Just because our fund is small does not mean we are not making money and are implementing the wrong strategies. We are a market neutral fund making very nice returns thank you very much. I just can't get over the arrogance on this board. You assume daytraders are sitting at home in their boxers trading uncle jeb's money, you assume hedge funds with 5 mil or less are run by morons who are going to leave the country? Let me ask you something, what other stereotypes do you have? What about blacks, jews,women, fat people? I bet you have opinions on all these people don't you. People like you make me sick. I'm apologies to the board for going off on a rant like this but if I don't step up here we set a precedence for this kind of behavior in the future. And that is unacceptable. Care to respond?
Hedge Fund
- Thread starter ShoeshineBoy
- Start date
What kind of asinine statement is that? A dubious 1m to 5m shop? And they call themselves a hedge fund? Excuse my language but what the f*ck is that? I've never heard a more arrogant statement in my life. Listen I know there are swindlers out there that open up hedge funds and then take the money and leave. Ever heard of Martin Frankel you prick? He took 400 million from insurance companies and fled the country before the FBI finally found him hiding in a hotel in Hamburg, Germany. That's 400 million a**hole. So please don't make a correlation now between fraud and the size of the fund. You know for a man that claims he's educated you sure are talking a lot of horsesh*t. There is no correlation between fund size and fraud and there is no correlation between education and trading. Then you go on and mention and that these people do not have the right trading, academic and investing background. How in god's name do you know that? Who the hell are you to say who has the right background? I thought we got rid of all the socialists in this country. So tell me hotshot, just so I know if I belong in this business, why don't you tell me what the right background is. What education should I have, what should my trading background be or my investing background? Please let me know because I have might have to send a letter to my investors that I have to shut down the fund because I am not qualified. And please expand on what the size of the fund has to do with the quality of the fund. Our fund is small but not lacking in any quality. If you want to talk derivatives with me you name the time and place and I will school you so bad. Just because our fund is small does not mean we are not making money and are implementing the wrong strategies. We are a market neutral fund making very nice returns thank you very much. I just can't get over the arrogance on this board. You assume daytraders are sitting at home in their boxers trading uncle jeb's money, you assume hedge funds with 5 mil or less are run by morons who are going to leave the country? Let me ask you something, what other stereotypes do you have? What about blacks, jews,women, fat people? I bet you have opinions on all these people don't you. People like you make me sick. I'm apologies to the board for going off on a rant like this but if I don't step up here we set a precedence for this kind of behavior in the future. And that is unacceptable. Care to respond?
Here we go again!! Do you even read my posts?? People just like to take things out of context don't they?!
I didn't say small size = dubious. And I definitely didn't say education= trading success.
You should pick that fight with STATTRADER not me man. LOL.
What I meant, which several people repeatedly misunderstood, is that in the universe of 6000-10,000 hedge funds there has been in the past bad apples. And yes, some of them were committed by BOTH large and small funds and by BOTH educated and uneducated people. Criminal behaviours have no boundaries.
But what I meant, if you read carefully enough throughout this thread, is this:
1) Sure, trading/investing is unique in that that market behaves rather unexpectedly and those that best anticipates that or follow the trend or somehow figures it out makes the BEST PERFORMANCE.
2) To do the said above 1) one does NOT necessarily need an education or large size.
But what I do see and what the press likes to report regrettably is that there are just some plain crooks and smooth operators out there. And that comes in all shapes and sizes. But the press likes to report the supposedly fly-by-night operations by some 23yr old kid like that guy Yagalla or something. That's what I was saying.
So, just TAKE IT EASY man! geesh.
trader99
Maverick74:
dude! FUCK THIS! I've been one of the BIGGEST CHAMPIONS of the prop trading model on this board. In fact, I LEFT The institutional to try my hands at this prop trading because I believe it's the PUREST form of trading - i.e. no order flow bullshit, no clients hand-holding, it's just you and the market! And I've seen first-hand low correlations between education and trading success as well as size.
And if you don't get it then screw that. What I'm saying and stating is what that some people perceptions are(esp. people in institutions or worst yet the general public manipulated by the media!).
trader99
dude! FUCK THIS! I've been one of the BIGGEST CHAMPIONS of the prop trading model on this board. In fact, I LEFT The institutional to try my hands at this prop trading because I believe it's the PUREST form of trading - i.e. no order flow bullshit, no clients hand-holding, it's just you and the market! And I've seen first-hand low correlations between education and trading success as well as size.
And if you don't get it then screw that. What I'm saying and stating is what that some people perceptions are(esp. people in institutions or worst yet the general public manipulated by the media!).
trader99
Trader99, I will give you the benefit of the doubt for now. But i'm keeping my eye on you. So does that clear up this thread? Anyone else out there think there is a correlation between education and trading? StatTrader? I think you pretty much proved my point. Since you're only making about 125k in real income and you espouse to be the product of a great education, we can clearly see that since there are many many guys out there raking in millions and tens of millions. Your pretty much on the bottom of the totem pole. I mean if the result of an ivy league education is only 125k in real income I think I'll pass. I want to make millions and tens of millions. So I better stay away from those fancy schools. Nothing wrong with that though. I'm not making millions either so I can't look down on anybody. I think a way back when you were trying to prove some kind of a point about your salary and whatever, the point that a lot of people missed is that we don't even know that you're a trader. You could be working at some IB designing computer programs. I've never once on here seen you post anything trading related. Such as what you trade, the kinds of styles you adhere to and so forth. As far as I'm concerned you might be working in compliance. Anyway, where should we take this thread now? How about the correlation between trading and the kind of car you drive? Anybody? Anyone?
