Life is short, make as many millions as you can. If this fund blows up, I say start another one. and another. as long as you make money, good money. then run for politics to overall the system. make more bank!!! Just don't put too much of your own money in....
I think that's the problem. He is said to be broke or very close. He put a ton of money into running for office and then into MFG right before the implosion.
nothing happens until somebody sells it. It doesn't matter how skilled a trader you are, you will never raise money on your performance unless a good people person who moves around in circles where people have money can sell it. And anybody who can get elected to any office, whether it's city council, governor or president is just the "people person salesman" and if you have a skill, you need them, because it stands to reason, if you like and are good at trading you probably don't like people all that much (unless they are also traders.)
Not to mention his divorce cost him half of his original fortune. How can any of us have confidence leaving money with any broker now? I really don't understand how the regulators can allow this blow to confidence in the financial system.
So it's the old Sgt. Shultz defense...I see nothing. Apparently justice is blind, completely blind. Campaign contributions can do that.