Najarian brothers' trading records

Pekelo

Pekelo

I got curious about them, how they made their 25 (Pete) and 50 (Jon) millions, respectively. Their bio says they were running "Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he was responsible for the firm’s risk and arbitrage which led to its entry in the New York Stock Exchange (NYSE).
Between 2000 and 2004, Mr. Pete Najarian served as the president of Mercury Trading who oversaw the company’s sale to Citadell LLC."

So to me it is more market making and selling a successful firm to a larger firm rather than trading what made most money for them. I am still looking for more info.

If anyone knows about their trading record, please chime in...

Edit: Funny thing, googling it, this came up:

https://www.elitetrader.com/et/threads/how-great-is-najarian-s.285654/
 
Last edited:
https://www.cxoadvisory.com/3188/individual-gurus/fast-money/

This is from 2009, somebody examined Fast Money's expert picks, and the result:

"In summary, the Fast Money experts as a group probably do not offer fast money with their stock picks, and their stock-picking ability as a group is unimpressive."

Pete was the 2nd best out of the 5, losing only 5% when the market went down -11% in the examined 13 weeks period...
 
ajacobson said:
Know them both well

Was at Jon's wedding

Can't speak to their recent performance, but in the past they were real
More...

What's considered "real"?

What kind of trading performance numbers are we speaking, o_O

...it can't be That good, for that long -- Most likely as Pekelo mentioned...they got rich by creating a business and selling it to a bigger firm,
 
They ran successful DPM firms. My nephew clerked for them. I think if want hard numbers you might want to ask them. I worked for the CBOE at the time.
All the DPMs were b/ds and did have to file focus reports.
 
Pekelo said:
I got curious about them, how they made their 25 (Pete) and 50 (Jon) millions, respectively. Their bio says they were running "Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he was responsible for the firm’s risk and arbitrage which led to its entry in the New York Stock Exchange (NYSE).
Between 2000 and 2004, Mr. Pete Najarian served as the president of Mercury Trading who oversaw the company’s sale to Citadell LLC."

So to me it is more market making and selling a successful firm to a larger firm rather than trading what made most money for them. I am still looking for more info.

If anyone knows about their trading record, please chime in...

Edit: Funny thing, googling it, this came up:

https://www.elitetrader.com/et/threads/how-great-is-najarian-s.285654/
More...
Yes, market making back then the quotes were wide. If you're not market making, then scalping, spreading, arbing. Anything but "trading".
 
I've been looking for CNBC panel results for 2016 with out success but here is 2015...
BTW my return 33.8%
CNBC2015Return.jpg
 
Streetwise said:
All losses, if you just put your capital in an interest bearing account, you'd beat these guys. Not good.
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You wouldn't believe oracle of omaha's 2015 return, i've seen -11 to -15% . Search the web, you'll find it...
 
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