How do very high net worth accounts trade?

lawrence-lugar said:
Day trading is for small-time average Joes...with relatively small accounts...once your account reaches over one million...you're basically on easy street now. --
you don't need to be an aggressive, hungry cowboy anymore :):rolleyes: ...so your question is kind of not applicable.
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Incorrect. People who are successful don't rest on their laurels.
 
Buy1Sell2 said:
Incorrect. People who are successful don't rest on their laurels.
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Successful people understand risk concentration. That's not resting on your laurels, that's diversifying your income streams across uncorrelated or mostly uncorrelated asset classes to reduce variance. Successful people over the long term in finance understand basic prob stats!
 
Sig said:
Successful people understand risk concentration. That's not resting on your laurels, that's diversifying your income streams across uncorrelated or mostly uncorrelated asset classes to reduce variance. Successful people over the long term in finance understand basic prob stats!
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You're confused about what I'm talking about.
 
Tim Smith said:
I somehow think it's the other way around. :cool:
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This is the part that I am talking about and the poster is confused about what I am referring to=============="you don't need to be an aggressive, hungry cowboy anymore"
 
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