I'll never forget when you wrote years ago "one good trader told me, you'll get it in 5 years or so, I said, I don't know I am pretty smart, and he said, yeah I counted that in" timeless and true
Interesting you bring that up now... with the Madoff business going on. The guy who told me that was David Yoshinaga... he was running managed options for clients of our B/D.... I got suspicious and pulled my and most of my clients money out. (David talked a few into staying... saying I was "crazy"). Those who didn't get out with me never got a penny back... shame. I mentioned his name just in case he's still around, defrauding investors..
gnome did you see the article on bloomberg, that if you took your money out because you suspected it was fraud they can consider that some kind of "insider info" and take your money back. I dont remember the link, but its here on ET someplace. Its something that maybe a lot of Madoff investors will have to deal with..did you have too?
never mind my attempt at humor in this thread I am close gnome, very close, and I have people like you to thank for getting this far thanks
Yes, I read that. It didn't come up in the Yoshinaga deal. I don't know why... That was early in my career... I think I had only about $20K with him, but that was a lot to me then. Maybe the regulators thought the case was too small? The BD got into big trouble with the SEC for "due diligence failure"... unfortunately, that was not the only BD I was with in my career which had that problem. Due Diligence is a really, really big deal... as the Madoff case highlights.
If you're good you're good. But you must be exceptional because I'll be honest. Everytime I come across someone with so many opinions, they usually follow that up with plenty of excuses. .....and you know where that leads My apologies. Now that I think about it, I haven't seen any MM posts coming from you I know when I'm wrong....and i have a pretty good feeling i'm wrong about you now.