Surf, How is it so far removed? You think Cohen doesn't put his pants on one leg at a time? Or are you mainly referring to the resources he has at his disposal?
I think you're confusing the likes of Lampert with DE Shaw or Simons at RenTech. Lampert is a macro and PE guy; Barakett is an activist, etc... Cohen made his best returns trading discretionary with long gamma. None of the latter require supercomputers to trade.
Congrats ont he book deal, Tim~I'm glad you'll finally be tell everybody the truth. I'm still amazed at how many times they play Wall St. Warriors every day, it just keeps going and going
no confusion here. do you really believe these guys would/could have reached their levels using only the tools/information available to the retail/ small fundee?? surf
certainly im not comparing human traits--- where, of course we are all very similar--- im talking about what seperates cohen and the other monsters from the small guys--- resources, INFORMATION, access-- it feeds on itself--making the beast bigger, faster, stronger--usually. surf
ok. you don't think he has access to the best information sources? I'm not talking about computer power......however- buffett is a product of his time and is a dinosaur. if he was just starting out today....i don't think he would survive.... certainly not reach his level. off to the lake. have a good weekend!
I'd love to hear how all those guys make their money, but I think Tim's experiences are more helpful to startup hedge fundees and traders. I for one can't wait til October Tim throw us a few advanced copies!!
buffett lol he doesnt trade anything, just buys up companies and tons of stock and turns the company around, then onto the next like surfer said, him starting now, would be nothing. he started in the american industrial revolution, not now where its ... the ipod/iphone revolution heh