P pikachu9 Apr 17, 2011 #1 How did he lose most of his money trading in the late 1980s when he incurred $172 million in capital losses? Does anyone know?
How did he lose most of his money trading in the late 1980s when he incurred $172 million in capital losses? Does anyone know?
F flipside21 Feb 20, 2012 #2 Based on his trading style, my guess is that he got whipsawed numerous times in the trendless T-bond market of the late 1980s.
Based on his trading style, my guess is that he got whipsawed numerous times in the trendless T-bond market of the late 1980s.
L lemarche Nov 2, 2015 #3 How do you know it was "most" of his money? I just found a Forbes article mentioning 172 millions in losses indeed, but also 50 millions in profit per year for years. http://www.forbes.com/forbes/2003/1027/108.html
How do you know it was "most" of his money? I just found a Forbes article mentioning 172 millions in losses indeed, but also 50 millions in profit per year for years. http://www.forbes.com/forbes/2003/1027/108.html
