Ltcm

[man]

at the moment a credit hedge fund seems to go belly up ... and the credit world as such is already shaking ... not too bad timing for that thread, if you ask me ...

 

[buzzy2]

Quote from man:

but to put Nobel Prize winners into one basket, no matter if they did path breaking world in numerous fields of finance or worked on rats ... you m u s t be kidding. its like saying "do not hire an indian programmer, they cannot even run a decent economy on their own" ...

if you had bothered to read the article, you'd knew it limits the discussion to nobel prizes in economics and finance.

guys come down to earth. study LTCM and learn a lesson or two, but start with the very first: be aware that too big ego is a hinderance no matter what. and small trader with 25k account saying highly recognised profs are dumb. and ... knowing after the fact ... well no big deal.

a lot of us get pissed these guys get so much respect and even help from the fed and deep-pocketed investors when they blow up, at the same time "normal" traders have to go fry burgers or drive cabs when *we* go belly up.

but anyway i personally prefer to be wealthy and truly smart ignoring what other people think about me, than being poor and stupid with useless prizes and all the respect from the sheeple.

 

[man]

points taken.

 

[areyoukidding?]

Just give it a rest. LTCM had many talented traders, they were a lot like the Elite board in many ways. Dont you think?

 

[tradermaji]

Quote from man:

now if this is not the truly most self contradicting post in years. a nobody trader posting on anonymous web board claiming that PhDs and Nobel laureates per se have no idea about markets and better "leave the actual trading to the traders", like himself.

some "ego baggage" carried around here?

Man,

I never claimed that I can trade. Please reread my post carefully.

Maji

 

[man]

fine with me. no need to take this any further.

peace