Martin Schwartz talks about losing $25m Feb 2018

[ZBZB]

The IG interview is now on YouTube.

 

[RainMaker3000]

So from the video, he says something like he did size down. But kept going. Like a degenerate.

Or is that degenerate?

If you have a 70% probability of making 25 million and a 30% probability of losing 25 million, seems like an OK risk to take.

I agree with @ZBZB we need more interviews.

It depends how many times, after the first bet the probability changes, it's not always the same probability, so if someone else has made the same bet as you, the outcome becomes stochastic

 

[destriero]

Marty went to the dark side of shorting naked puts. He's got zero cred as a speculator at this point.

 

[helpme_please]

Marty went to the dark side of shorting naked puts. He's got zero cred as a speculator at this point.

Depends on when he bought. If he shorted naked puts at peak of virus, he's seriously injured. If he shorted naked puts at end march 2020, he's got much richer today.
We don't know when he placed his position.

 

[destriero]

Depends on when he bought. If he shorted naked puts at peak of virus, he's seriously injured. If he shorted naked puts at end march 2020, he's got much richer today.
We don't know when he placed his position.

Dude, try harder. He lost $25MM in short vol. It's in the interview on this thread. Fuck, it's in the title! Listen to the interview.

 

[helpme_please]

Dude, try harder. He lost $25MM in short vol. It's in the interview on this thread. Fuck, it's in the title! Listen to the interview.

Ok. My fault for not listening to the interview.
I hope he's not wiped out. He gave me the impression he's always a careful risk manager in his book.

 

[RedDuke]

Ok. My fault for not listening to the interview.
I hope he's not wiped out. He gave me the impression he's always a careful risk manager in his book.

he is not wiped out, but I am sure it was not pleasant.

 

[murray t turtle]

Ok. My fault for not listening to the interview.
I hope he's not wiped out. He gave me the impression he's always a careful risk manager in his book.

%%
He pretty much was careful;
according to his book.
And sometimes/stuff happens;
I was going thru a yellow caution light. Being careful, but all of a sudden the car in front of me slams on his brakes/blocks the intersection So now I allow for anyone doing stupid
stuff like that crash...………………………………………………………………………….

 

[ZBZB]

The position he talks about was in the past not this year.