Making $100mm from trading with no LPs/outside capital

Discussion in 'Wall St. News' started by pinetboltz, Jan 26, 2019.

  1. ironchef

    ironchef

    The con you mentioned is not a con in my book, it is a pro. I don't have to answer to anyone.
     
    #11     Jan 29, 2019
    apdxyk and pinetboltz like this.
  2. pinetboltz

    pinetboltz

    lol, maybe you're just more enlightened than most then

    being recognized publicly as a success and associated with a strong brand still counts for a lot in some places, especially with the social pressure. example is in parts of NY, the founder/ceo of a no-name startup firm wouldn't quite be seen the same way as a typical VP of an investment bank, even if the entrepreneur's stake could be valued in the tens of millions, while the VP is barely making his paycheck last the month

    also from personal observation it just seems like the pedigreed types like to hang out with each other, which gives certain level of exclusivity not necessarily accessible to those in category 2
     
    #12     Jan 30, 2019
  3. ironchef

    ironchef

    You don't understand sir, we mom and pop retails are loners, don't like to hang around famous people and don't want others to know who we are.

    The only thing I care about is financial freedom: Free to do what I like, live where I want and am quite happy I am a nobody. Not that I don't know what you are talking about since at one time I commuted to work at Midtown, NYC from SoCal.

    Best wishes to you.
     
    #13     Jan 30, 2019
    apdxyk likes this.
  4. Sig

    Sig

    That's funny, in the Bay Area it's exactly the opposite. In fact an i-banker type would probably try to spin that they did some startup related stuff to get any positive attention at all. I don't think a single person in my MBA class that was in investment banking before school went back to it, but a lot went to startups.
     
    #14     Feb 1, 2019
  5. Pekelo

    Pekelo

    David Webb is an investor:

    • Owns about 35 stocks at a time, with an average holding period of “five-plus’’ years
    • Long only, never short
     
    #15     Feb 1, 2019