All excellent points there Shopster. I especially like Point 1 - hard work and dedication, and for most measured in years...
there won't be any profit share if you are invited in, surrender your code base so it can be implemented and then let go couple weeks later for obscure reasons. I heard several such stories and it is one of the big reasons why I decided to go on my own rather than opening up my code base to anyone, even my programmers do not know the core algorithm code base.
Amazing's stuff is truly amazing.... after all there is that massive microstructure exploitation in FX. Talk about low-hanging fruit. Holy shit, it's Sergey Aleynikov!
Seems to me that Soros made a zillion dollars at a time when the European central bankers had pledged to protect a predefined band. These banks not only want to make big money they want to do it in a high frequency environment. If they think the central bankers are over or under valuing a currency they should take a much less leveraged position, scale in with big gaps and see if they are right. Otherwise there is a car wash in Jersey with a help wanted sign. Reminds me of the Dire Straights song -- MONEY FOR NOTHING AND CHICKS FOR FREE. Are they kidding me with this crap?
Soros was not the trader behind the Sterling short. Druckenmiller was the brains who played the position thru. âIt takes courage to be a pig,â is Druckenmillerâs motto, and he has a yellow porcelain pig named Jerome on his desk to remind him. Soros berated Stan constantly over the years after this large trade so Stan told him to " suck wind and blow........." Soros had a " bitch and moan " mentality for his entire career. Stan was the real brains behind all of the Quantum trading. cheers, s
Ahh ... another guy who thinks the guy who can hire talent, finance that talent, walk away with the lions share ... well, you get where I'm headed with this.