Who do you think is the all time best trader in the world?

[wrbtrader]

Warren Buffett. Became the third richest man in the world, not by inventing or creating anything, but simply by investing in other companies. He more of a long term investor than a short term trader, and has lost a bit of his touch over the past few years, but overall he still gets my vote.

I thought Mr. Buffett was an investor...not a trader.

wrbtrader

 

[Turveyd]

For an Average Joe a lad on ClearStation called Quisp, turned 8K into a million+++, won various high stakes trading competitions about 18years back I'll add.

 

[DaveV]

I thought Mr. Buffett was an investor...not a trader.
wrbtrader

In my post I did state that he is more of a long term trader than an investor, but he does do some medium term trading. For example, when the economy crashed in 2008, he loaned Goldman Sachs several billion for less than a year in return for a high interest rate + warrants.

 

[nooby_mcnoob]

In my post I did state that he is more of a long term trader than an investor, but he does do some medium term trading. For example, when the economy crashed in 2008, he loaned Goldman Sachs several billion for less than a year in return for a high interest rate + warrants.

I thought he did that for BoA? Or was it both?

 

[DaveV]

I thought he did that for BoA? Or was it both?

He did it for both. BoA was the more publicized because BoA was close to collapse.

 

[nooby_mcnoob]

He did it for both. BoA was the more publicized because BoA was close to collapse.

I remember how much he sold BoA to the public. He's going to do it again, huge cash position in BRK if I understand correctly.

 

[speedo]

Idiot. Bad traders don't live in a lifetime of luxury based on their trading record. Not to mention he shorted 2 of the biggest crashes...

Anybody who can live as a trader for 4 decades is a very good trader. If you live in luxury, you are an excellent, one of a kind...



OK, we have found the guy who never heard of depression...

 

[murray t turtle]

Lottery winners do that too. Do we count them as good traders?

%%
Tough question LOL.
NO, lotto is a stupid tax on people that cant do math. But boy plunger also noted, some do well by reusing envelopes +not buying them LOL.,

 

[Turveyd]

%%
Tough question LOL.
NO, lotto is a stupid tax on people that cant do math. But boy plunger also noted, some do well by reusing envelopes +not buying them LOL.,

Agreed, that's why I've never bought a lottery ticket of any kind!!

Girl 25years ago at work dad won 7Mil, went back to work hated it.

Lad I met at a car dealer I was working for won, 3Mil, also hated it and blew it in 3years and read my gas meter much happier in his fiesta diesel LOL

 

[Van_der_Voort_4]

Bill Benter by far.Trading is gambling,day trading is outright gambling.He understands it even tough he chosen different venue.And i am not talking about any TA,PA and similar subjects.He understands mathematics behind how to make it work.

Elwyn Berlekamp-many similarities,great mind behind the strategy of Medallion Fund