Quote from spect8or:
"eventually cofound". As in like, what, about 6 months after beginning trading? I guess the kid's no fool. Why risk your future actually trading money when you can tric...er teach others to do so?
I remember this kid giving a talk at Bright Vegas once. Yeah, a lot smarter than your typical Bright trader deadhead/bored retiree, I'll give him that much. I guess his boss in Vancouver saw the potential too, which is why they began their "pair trading firm". As anyone who's been around the block before will tell you, these strategies don't actually amount to a whole lot. Lol. Like, he was describing it once, making it sound a whole lot sounder than it was, but the gist of it was you just keep adding to the pair until it eventually goes your way. Seriously. And the funny bit, this other Bright guy, who Bob (I think) was waxing poetic about, jumps in and goes, "yeah, yeah, I love it - 'cos if it's not going your way, you just keep adding". Yeah, brilliant. (The dude had made $200k the previous year, and was the darling of the moment).