Doug,
Nothing is infallible. Nowhere, no place. I was long thousands of copper futures contracts in 87 that you talk about. The trade was short. I averaged making $600,000 a day from the crash till the end of the year. Of course, I was a ninkompoop and planned to quit when I made $100 million, so I gave a lot of it back.
I did set up a program for kids in Harlem called " I Have a Dream Program", through Dr. Norman Vincent Peale's Marble Collegiate Church in NY ( Peale was the originator of the Power of Positive Thinking )The program was set up to send a certain Harlem 6th grade class to college if they wanted to go and did what they had to do to get there. It has been a big success.
I want to do more of that. I will make another $27 million and do more of the same thing again. Give it to kids to help themselves. This is no rah rah me. What else counts? Women? I have shared enough good times with many friends not to hunger. Cars? I have had three Rolls Royces, including a Queen Elizabeth typo limo with sideboards, and several chauffeurs.
What is important? What else- My scrufty mutt, The Little Bear, whom you can meet in the Cafe.
So be it. If I can have my drothers- GATA wins. The big Wall Street firms pay heavy fines and the price of gold goes to $500. Then, I will set up more of the same for kids to give them a chance. This is not to talk about me. Not important. Just that it is going to happen.
All the best,
Bill Murphy |
