Quote from andrasnm:
It is however sad that for whatever reason he had to lower himself to such a trite rebuttal. As for trading competitions you might have guessed I think very little of.
Thank you for staying normal. After that outburst, I was expecting more of the same.
Anyway, I think he had a very legitime reason to have a rebutal in an interview. As many famous people, he is probably being asked the same questions over and over again, and when half of those are based on lies and missconceptions, a person get fed up really fast.
So I think he just decided to set the record straight, and after that he can just refer anybody to the same interview, if they ask the same old questions again.
As about competitions, I love them. LIFE is a competition, just think about your 20 years high school reunion!
A very big % of successful traders are former pro sportsmen, thus they are competitive in nature. Also, if you trade online alone, you might get curious, just how well you can measure up against others.
If you run a business, everyday is a competition. If you are a lawyer, every trial is a match. And so on...
In trading you compete with the other traders everyday, but that is impersonal, most of the time you don't know who is on the other side. A trading competition is also fun, not necesserily just for egomassaging...
But that is just my take on it...