alright, we all know about george soros, stanley druckenmiller, paul tudor jones, etc, but mostly they're like characters that are so remote it's hard to have much insight into what makes them 100x more successful than the avg finance guy
my question is, who is the most successful trader you personally know, and what do you think makes them different?
i'll start: family in-law is eastern european guy (literally from the old country) who runs construction company, is already financially successful before getting into trading, made major plays into REITs and property stocks & just keeps plugging away. a few things that stands out:
- he's super opinionated on a few topics that's he's obsessed with, keeps talking about those few things, etc, absolutely takes no prisoners. maybe that's a function of him being a business owner in a tough industry, but he prob would stick out in a regular corporate environment
- constantly reading, absorbing, watching the financial news. literally when we go over to his house, the TV screens are always on CNBC or bloomberg. he sometimes does a running commentary of what's going on
- comes across as somewhat paranoid about random things. like the other day, he was telling a story how he was staying at a fancy hotel during his travels, and getting food poisoning bc the staff didn't like his attitude and had it in for him. lol, the story was funny in the moment but didnt make that much sense when i thought about it afterwards
- likes to be 'comfortable'. not sure how to describe it. you know how some ultra-successful guys like to do ironman triatholons, go on extreme skiing trips, do zen meditation for the 'challenge,' not this guy...he seems to have designed his life, his house, etc, around the concept of what is most comfortable. if he wants a bowl of ice-cream drenched w chocolate syrup on top, after an already heavy dinner where there was dessert, he gets it, regardless of the missus' disapproving looks
--> kinda reminds me of ed seykota's saying of how everyone gets what they want from the market; this guy definitely has no problem with unconscious self-sabotage and whatnot, he knows what he wants & takes pleasure in achieving pleasure
- also quite healthy, maybe it's the genes; his mother supposedly lived to age 99
my question is, who is the most successful trader you personally know, and what do you think makes them different?
i'll start: family in-law is eastern european guy (literally from the old country) who runs construction company, is already financially successful before getting into trading, made major plays into REITs and property stocks & just keeps plugging away. a few things that stands out:
- he's super opinionated on a few topics that's he's obsessed with, keeps talking about those few things, etc, absolutely takes no prisoners. maybe that's a function of him being a business owner in a tough industry, but he prob would stick out in a regular corporate environment
- constantly reading, absorbing, watching the financial news. literally when we go over to his house, the TV screens are always on CNBC or bloomberg. he sometimes does a running commentary of what's going on
- comes across as somewhat paranoid about random things. like the other day, he was telling a story how he was staying at a fancy hotel during his travels, and getting food poisoning bc the staff didn't like his attitude and had it in for him. lol, the story was funny in the moment but didnt make that much sense when i thought about it afterwards
- likes to be 'comfortable'. not sure how to describe it. you know how some ultra-successful guys like to do ironman triatholons, go on extreme skiing trips, do zen meditation for the 'challenge,' not this guy...he seems to have designed his life, his house, etc, around the concept of what is most comfortable. if he wants a bowl of ice-cream drenched w chocolate syrup on top, after an already heavy dinner where there was dessert, he gets it, regardless of the missus' disapproving looks
--> kinda reminds me of ed seykota's saying of how everyone gets what they want from the market; this guy definitely has no problem with unconscious self-sabotage and whatnot, he knows what he wants & takes pleasure in achieving pleasure
- also quite healthy, maybe it's the genes; his mother supposedly lived to age 99
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