Trading very big money
- Thread starter marsman
- Start date
Do just like Bill Gates, buy a trainload of CN, and then do the Donald Trump thing and buy commercial real estate.
But Donald Trump has less than 3 billion in wealth which means he lost money over time given how much he inherited and how much he would have made had he just sat there and do nothing and instead just put the money into an index tracker. So, not sure following Donald Trump would be sound advice.
If you have $10 billion no one would trade for pennies... own real estate/business. Look at the richest 100 people on Forbes List, no one is vag trader there, they own businesses.
Bill Gates has a single family office Cascade Investments IE a fund that manages the assets of one client and if you look them up they are in 30 or so different positions some P/E style. While its difficult to move size around its also hard to replicate a family office portfolio on a small account.
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From what I find no one 'trades' very large accounts. The closest you could come to that would be inter-bank LIBOR trading which involve interest rate swaps, foreign currency options etc.:
https://en.wikipedia.org/wiki/Libor
As is human nature, traders in these instruments have inevitably engaged in substantial illegal activities over which people have gone to jail. You just can't trust people with a lot of money... they will steal it.
https://en.wikipedia.org/wiki/Madoff_investment_scandal
https://en.wikipedia.org/wiki/Jeffrey_Skilling
http://www.accounting-degree.org/scandals/
Berkshire Hathaway, which controls $144 billion, typically holds stocks and bonds in a large number of companies, some of which it owns completely (i.e. it holds all the stock):
http://www.celebritynetworth.com/richest-businessmen/companies/berkshire-hathaway-net-worth/
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway
It's interesting to look through that list of assets and realize it takes a lot of work to discover, buy and manage all those different assets.
If I allow my trading account to much exceed a couple hundred K it will take up all my time and I end up putting it back into treasuries, no matter how low a rate I get.
https://en.wikipedia.org/wiki/Libor
As is human nature, traders in these instruments have inevitably engaged in substantial illegal activities over which people have gone to jail. You just can't trust people with a lot of money... they will steal it.
https://en.wikipedia.org/wiki/Madoff_investment_scandal
https://en.wikipedia.org/wiki/Jeffrey_Skilling
http://www.accounting-degree.org/scandals/
Berkshire Hathaway, which controls $144 billion, typically holds stocks and bonds in a large number of companies, some of which it owns completely (i.e. it holds all the stock):
http://www.celebritynetworth.com/richest-businessmen/companies/berkshire-hathaway-net-worth/
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway
It's interesting to look through that list of assets and realize it takes a lot of work to discover, buy and manage all those different assets.
If I allow my trading account to much exceed a couple hundred K it will take up all my time and I end up putting it back into treasuries, no matter how low a rate I get.
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You're a Blue Whale at this level, you're Multiple Blue Whales. -- it's kind of impossible to make a killing at this stage.
Why worry/think about these kind of scenarios...spend your time worrying/thinking about your own small real trading life -- no offense.
