some of the Market Wizards are taking hits.

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MainFramer

May 13th Investor's Business Daily's Investor's Corner section quotes Peter Moon of innerworth.com as saying the some of the Market Wizards profiled by Jack Schwager in 1989 have taken big hits and are no longer trading. No names given. Moon says he noticed that the ones who got hit displayed strong egos in the Schwager interviews.
 
In 1999 I invested a quarter mil in the the Dennis Fund.
A year later, Richard Dennis went belly up, and I was down about 50% on my investment.
That's some lousy turtle soup.
 
If only 5% (my estimate) of new traders survive a year or two, those that survive 10 years must be in the 99th percentile. Taleb's book "Fooled by Randomness" illustrates how some traders just happen to be in the right place at the right time with the right strategy and make a fortune. When times change they fade from view. Im a big fan of Linda Raschke and she just keeps chugging along. It says a lot about the robustness of her methods.
 
But isnt this another indication of the fact that people
who were in the right place at the right time i.e. during the
bull market, did extremely well. The change in the market parameters are now sorting out the 'men' from the 'boys' ...
 
easy: sorry accidently duplicated some of your message! Started
writing my msg to the original msg then got distracted
elsewhere ....
 
Originally posted by Frozen444
In 1999 I invested a quarter mil in the the Dennis Fund.
A year later, Richard Dennis went belly up, and I was down about 50% on my investment.
That's some lousy turtle soup.
More...

Shit happens in our business ...
 
~~~~Shit happens in our business ...~~~~

Maybe so, but I know that I won't be conducting any future business with any slow green reptiles in a hard shell.
 
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