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A young guy from the U.K. has been writing me this morning. He has been making a case for why Buffett is the best investor ever. I have said, “Sure up until his bailouts and sweetheart government daddies helped save him in the Fall of 2008. If not, he was toast.” The young guy ...
Stocks
Warren Buffet
I received an email today with the subject heading of:
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History by George Zuckerman (it is a book )
The email said:
This guy made like $24B in two years. More than all the ...
Hedge Funds
John Paulson
Mike Shell turned me on to an article in the WSJ today from John Jannarone that said in part:
“The bigger question for ETF investors is the black-box nature of a trend-following strategy. Trading decisions are made according to undisclosed rules that aren’t based on fundamental ...
Hedge Funds
John Paulson
Day Trader
Trend Macrolytics LLC
Richard Dennis offered wisdom 20+ years ago:
“…you have to be a pure empiricist and realize that what you see - the price action of the market itself - is all you get. Abstractions like crop size, unemployment and inflation are mere metaphysics to the trader. They don’t help ...
Other
Trend Macrolytics LLC
Now, that is a great way to make numbers come alive .
Shout out to Barry Ritholtz .
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Other
Unemployment
This question comes in from a Linkedin contact of mine:
Hi Michael, my name is [name]. I am the Founder, Managing Partner, and PM for [name]. First, thank you for posting your videos on YouTube . They have been a great reference point for me. I have a question regarding benchmarking absolute ...
Other
Bill Eckhardt , the systems trading pro and former partner of Rich Dennis, once offered:
“…many prospective clients have asked me what’s the most I’ll lose on one trade. I can look up these statistics, but this is not something I would ordinarily pay any attention ...
Other
William Easterly
Risk Management
Trend Macrolytics LLC
Guns and butter baby (report)! If we get a second October 08…I am blaming it on the Mayan calendar! More on that report:
Panic! :-)
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Other
From Bloomberg :
“Someone who has made a successful living as a poker player for a few years would more likely be a good trader than someone who hasn’t,” said Aaron Brown, a 53-year-old former poker pro who is now a risk manager at AQR Capital Management LLC in Greenwich, ...
Stocks
Aaron's
Harvard University
Some wise views from Larry Hite:
We don’t really trade silver…we don’t trade the S&P…we trade the differences. We really are risk managers. We take on risks, try to exploit them and we leave when they turn against us. That is what we get paid for. Basically we are ...
Other
Risk Management
I was not going to post this, but his comments for 25 seconds starting at 1:50 are brutal:
I disagree with his government solution, but his analysis is spot on.
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Other
The only thing that any of us can control is how much we are willing to lose at any given time. We can control that. Can’t control how much we make, but we can control the downside.
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Other
Trend Macrolytics LLC
Why stop with the busy work of roads and potholes? We too can build whole cities to keep the proletariat occupied!
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Other
Tick tock. Tick tock. Sounds like 0% interest rates are not indefinite!
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