Making $100mm from trading with no LPs/outside capital

[ironchef]

(2) 'Lone wolf' option: like David Webb per the BB article, where he managed to acquire a sizable but not outlandishly large nest egg by mid-thirties --> 20% per annum returns with 100% profits retained --> $170mm within 2 decades
- Pros: can ride out any short term vol, strategy drawdown, give full attention to markets instead of splitting it on: markets / firm's everyday matters / investor handholding
- Cons: pretty much no visibility on the street, no fall back options really

The con you mentioned is not a con in my book, it is a pro. I don't have to answer to anyone.

 

[pinetboltz]

The con you mentioned is not a con in my book, it is a pro. I don't have to answer to anyone.

lol, maybe you're just more enlightened than most then

being recognized publicly as a success and associated with a strong brand still counts for a lot in some places, especially with the social pressure. example is in parts of NY, the founder/ceo of a no-name startup firm wouldn't quite be seen the same way as a typical VP of an investment bank, even if the entrepreneur's stake could be valued in the tens of millions, while the VP is barely making his paycheck last the month

also from personal observation it just seems like the pedigreed types like to hang out with each other, which gives certain level of exclusivity not necessarily accessible to those in category 2

 

[ironchef]

being recognized publicly as a success and associated with a strong brand still counts for a lot in some places, especially with the social pressure. example is in parts of NY, the founder/ceo of a no-name startup firm wouldn't quite be seen the same way as a typical VP of an investment bank, even if the entrepreneur's stake could be valued in the tens of millions, while the VP is barely making his paycheck last the month

also from personal observation it just seems like the pedigreed types like to hang out with each other, which gives certain level of exclusivity not necessarily accessible to those in category 2

You don't understand sir, we mom and pop retails are loners, don't like to hang around famous people and don't want others to know who we are.

The only thing I care about is financial freedom: Free to do what I like, live where I want and am quite happy I am a nobody. Not that I don't know what you are talking about since at one time I commuted to work at Midtown, NYC from SoCal.

Best wishes to you.

 

[Sig]

lol, maybe you're just more enlightened than most then

being recognized publicly as a success and associated with a strong brand still counts for a lot in some places, especially with the social pressure. example is in parts of NY, the founder/ceo of a no-name startup firm wouldn't quite be seen the same way as a typical VP of an investment bank, even if the entrepreneur's stake could be valued in the tens of millions, while the VP is barely making his paycheck last the month

also from personal observation it just seems like the pedigreed types like to hang out with each other, which gives certain level of exclusivity not necessarily accessible to those in category 2

That's funny, in the Bay Area it's exactly the opposite. In fact an i-banker type would probably try to spin that they did some startup related stuff to get any positive attention at all. I don't think a single person in my MBA class that was in investment banking before school went back to it, but a lot went to startups.

 

[Pekelo]

David Webb is an investor:

• Owns about 35 stocks at a time, with an average holding period of “five-plus’’ years
• Long only, never short