Billionaire trader John Arnold retires at 38

Discussion in 'Wall St. News' started by turkeyneck, May 3, 2012.

  1. Words cannot describe the awesomeness. Your clown shoes will be hard to fill. Why don't you bet him $3.5B on the outcome?
     
    #51     May 3, 2012
  2. hoop121

    hoop121

    scoreboard:

    Arnold - $3b

    guy posting on "elitetrader" - ???
     
    #52     May 3, 2012

  3. hate all you want, and hang a poster of jon arnold over your bed, im sure that will make you tons of money... :cool:
     
    #53     May 3, 2012
  4. hoop121

    hoop121

    you really are clueless
     
    #54     May 3, 2012
  5. i'll never make 3b trading. and he didn't either, he gambled and won. congrats!
     
    #55     May 3, 2012
  6. This guy was successful for well over a decade and has decided to cash out. You make it sound like he had a couple of lucky years. It is pretty hard to have a lucky decade.

    And the size of the win has to be counted. He didn't make ten or twenty million and, more to the point, he left the table with a boatload -- or 10 boatloads. I'm not quibbling with your contention that longevity is a factor but once you pass a decade, amass one of the truly great trading fortunes and take it with you the reality is you have accomplished what few have even approached. If he stuck around another decade and tripled his fortune -- easily doable for this guy -- would he deserve more respect or does he have to put in 40 years?

     
    #56     May 3, 2012
  7. Maverick74

    Maverick74


    He made Enron 750 million when he was all of 25! Yeah, he did OK. Of course we have several guys here on ET trading FX that make that kind of money so take that for what it's worth. :)
     
    #57     May 3, 2012
  8. dude, come one.. how does whiz kids and fraud/bankrupt/lies/hiding losses go together? it doesnt.
     
    #58     May 3, 2012
  9. The guy got an $8MM bonus after earning something approaching $500MM for Enron.

    His fund charged 3 and 30. So by extension he earned the bulk of his wealth from the performance fee.
     
    #59     May 3, 2012
  10. example of hedge fund legend. (note, mom and pop day trading and big portfolio hedge fund is apples and oranges see: scalability)

    [​IMG]
     
    #60     May 3, 2012