Will anyone ever beat Zangar's World Record of turning $10k into 42million in 18 mos?
- Thread starter discrat
- Start date
Quote from polpolik:
True true, forgot about you, too. That was great how you outed NYSEkiller
...and that guy who lied about losing family members on 9/11:
http://www.elitetrader.com/vb/showt...720&highlight=sincere+condolences#post1192720
Sorry to interrupt.. Carry on now...
No thanks. I already graduated Harvard medical school.
Quote from Rearden Metal:
...and that guy who lied about losing family members on 9/11:
http://www.elitetrader.com/vb/showt...720&highlight=sincere+condolences#post1192720
Sorry to interrupt.. Carry on now...
I think this record, in terms of return on initial capital in such a short time, will stand for a very long time indeed. Almost everyone with high grosses had access to lots of capital and leverage. Borrowing 10 mill and making 100 is very impressive, but ultimately it is a 10-fold return. Zanger's return was FOUR THOUSAND times his original stake, using normal stock margin. That is f*cking incredible. It's basically the trading equivalent of Bob Beamon's monster long-jump in 1968.
The other cool thing is that although he got hosed during the crash, he still kept a big chunk of his winnings. So in the greatest bubble of all-time he made 4000 times his initial stake; and in a mega bear market he lost 3/4 of it (or something around that). Heads you win 4000x, tails you lose 75%. That's pretty good odds.
The other cool thing is that although he got hosed during the crash, he still kept a big chunk of his winnings. So in the greatest bubble of all-time he made 4000 times his initial stake; and in a mega bear market he lost 3/4 of it (or something around that). Heads you win 4000x, tails you lose 75%. That's pretty good odds.
It can be beaten in less than a year via FOREX.
Spreadsheet attached.
Spreadsheet attached.