I read that too. That's pretty cool to be able to gift billions . Maybe he feels a little guilty for making some of it unethically, maybe not ,but it was a good story and shows the heights one can reach . oil was down today without hardly one bounce too, few traders were chattering that he still had some positions to unwind but it was just chatter so take it for what it is.
I knew professors who taught Brian. Had Brian made billioms from that hurricane season bet, we would be lauding him today not John Arnold Sure these guys are talented... Way more than you or I, but let's not give them too much credit. Someone mentioned Monte Carlo. A simple Monte Carlo simulation ca. Bring out an excellent money manager. We never hear of the losers. We alwsys need to sum over the histories of money managers... On average theirs is a losing bunch....
hahaha, right... there are people on ET who make 750mm??? if you believe that then i've got some ocean front property in Arizona I'd like to sell you
not really, Jonny was long and had much more upside to his trade. he wouldn't have lost near as much as what Brian did had it stayed flat or gone the other way
sorry, i'm new. most of the people i've come across on here seem actually gullible enough to believe that.
But plenty of centi-thousandaire traders on ET http://www.elitetrader.com/vb/showthread.php?s=&threadid=241638
game is so controlled now that the fed,banks, gs,jpm, can team up and just move the market against the whales..they know everyone's exact position..playing poker where the biggest guy can see your cards......whats the word ..they broke up att for it