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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: FiveFour who wrote (45603)	11/15/2005 9:21:09 PM
From: orkrious	Respond to of 110194

have to wonder if a trader is really that good, why is he/she still trading and posting after all these years... Maybe he is like many of us...he loves what he does.

To: FiveFour who wrote (45603)	11/15/2005 9:51:19 PM
From: Wyätt Gwyön	Respond to of 110194

a legend in his own mind? he doesn't strike me as the egotistical type. i think he's a very smart guy, and as a language geek i am impressed by his near-native command of English. i just don't think he's a god as he's occasionally been made out on SI over the years (not his fault, btw, and perhaps why he doesn't post here). even the smartest people can be wrong from time to time, and in the markets it happens to everybody. have to wonder if a trader is really that good, who knows how good anybody is. i mean, it's not like we've got Morningstar ratings for SI posters. i suppose if you are a really "good" trader (and more importantly, can convince rich people of the same), the logical thing to do is start a hedge fund. that is the easiest and quickest way for traders to make a ton of money. i mean a lot. i read in Grant's a while back that the top 25 hedge fund managers averaged $250 million apiece in compensation last year. an article in the WSJ a few months ago described one guy who built an ice skating rink for his kids, to go along with the basketball gym etc. in high-priced Greenwich, CT. sure, most of these guys are probably just high-class yobs born on third base, but, if you are really, truly good, that is five-sigma-event type of good, i guess eventually OPM will beat a path to your door and demand that you make $250 million a year -g-. so, compared to whatever you could do in your own account, you could do a lot more as a top hedge fund manager, and keep the downside to other people's money -ggg- the rest of us, we just don't want day jobs -g- why is he/she still trading and posting after all these years... hey, if you can trade your own acct for a living you can have a lot of free time to post. beats Everquest -g-