ok, so the sequel to this earlier thread (
https://www.elitetrader.com/et/threads/making-100mm-from-trading-with-no-lps-outside-capital.329189/) just got released
fresh off this week's press from Forbes magazine, optometrist makes US$1 billion+ as a private investor
https://www.forbes.com/sites/maddie...he-odds-to-become-a-billionaire/#50a331a922e8
tl;dr version:
- he grew up middle class, had unhappy family situation, etc
- studies engineering then becomes optometrist
- invents stuff, gets patents, starts small/medium-sized company
- uses stream of profits to buy tech stocks, 'cos he likes science & analyzing 'patent portfolios'
- moves around stock positions worth hundreds of millions
- once lost $50m trading against the Fed
- cash flow x compounding for number of years = $$$
- donated $100m to universities, estimated to have $2.3 bln fortune
