So let's assume that a trader has indeed

[Scataphagos]

created a great trading system....solid stats....logical risk management.....proper scaling ladder.

What are the next steps for him to create his own hedge fund?

Build a track record.... one that will stand up to an audit. Without that you've got nothing. Likely will take more than just one year.

Years back when I was trying to raise AUM for my mutual fund timing program... it was only after 3 years of audited results that people finally said, "OK, OK, we believe you".

 

[SelfMadeDude]

Build a track record.... one that will stand up to an audit. Without that you've got nothing. Likely will take more than just one year.

Years back when I was trying to raise AUM for my mutual fund timing program... it was only after 3 years of audited results that people finally said, "OK, OK, we believe you".

Hope you're doing well. I remember your avatar from yeeeeears ago.

 

[Jzwu2017]

Ok give Warren Buffet some praise on eliteinvestor. Give Mr. Buffett a 100k futures account and it will be 15k by lunch time.

Haha, Buffett won’t trade the $100k on futures. Instead, he will invest it and beat the index consistently for 10, 20, 30 years.

 

[Concinnity]

Haha, Buffett won’t trade the $100k on futures. Instead, he will invest it and beat the index consistently for 10, 20, 30 years.

I see his edge as mainly a time edge with some luck mixed in. But that's just me. But yeah I'll just give him 100k let him invest it, than in 30 years I'll make sure to enjoy spending it from my grave.

 

[FreeGoldRush]

created a great trading system....solid stats....logical risk management.....proper scaling ladder.

What are the next steps for him to create his own hedge fund?

Step 1: Why?

Because doing so will bring a lot of new problems. So what's the motivation to create a hedge fund?

 

[newwurldmn]

If you don’t know what to look at then you have no idea how to identify the good from the bad.

Cathy Wood is obviously a one-trick pony. When things didn’t go her way she kept betting big on her original ideas, with no risk management or adapting to the new market changes. She is just a gambler and got lucky once or twice.

A good example, on the other hand, is Warren Buffett.

she was the cio of alliance.
She left to start arkk. She’s literally made a billion in management fees. If that’s a one trick pony, What are you?

You don’t understand Wall Street.

 

[newwurldmn]

I see his edge as mainly a time edge with some luck mixed in. But that's just me. But yeah I'll just give him 100k let him invest it, than in 30 years I'll make sure to enjoy spending it from my grave.

he didn’t earn excess returns in his last year. He has earned them consistently and with scale that no one else has achieved.

 

[MacBookProHo]

he didn’t earn excess returns in his last year. He has earned them consistently and with scale that no one else has achieved.

Warren Buffett's fame and recognition is greatly overrated.
He has generated an annualized return of 20%...while that is good, it ain't great or magical. He manages money and buys/invests in companies. Nothing divine or supernatural about his talents.
Why are we talking about an investor anyways on a trading forum?

Cathie Woods too is also overrated. She boasts about her one or two year track record during a bull run when everything was rising delusionally. Then her record crashed horribly.

All of these types of people got rich by managing money, and recruiting more and more public money. And more money coming in.
In an actual trading/investing competition....I doubt they would be anywhere near spectacular,

 

[Overnight]

Warren Buffett's fame and recognition is greatly overrated.
He has generated an annualized return of 20%...while that is good, it ain't great or magical...

If Buffet's 20% return over all his years is not good enough for you, what is? Whose is? Care to speculate why BRK.A is $418,000 per share? Have any names you want to drop the mic here on and tout?

 

[MacBookProHo]

If Buffet's 20% return over all his years is not good enough for you, what is? Whose is?

I'm sure there are plenty of retail, private, traders in the world....who are able to generate much greater than 20% annualized returns all throughout there trading careers/lives.

Bragging about 20% performance, is not something one should be bragging about.

20% is actually laughable for a trader. Any trader...making just 20%....should give up, and not devote so much of their time and lives doing this trading....but rather just invests in a fund or the S&P.