My mistake, TRS. I misquoted the date of this posting as "breaking news" that he was filing the suit now. That being said, it's still ludicrous. He isn't owning up to his own mistake.
good thing they put him out of business before he 'counted' his way to the poorhouse. Th cane is fully inserted today.
What I saw in Orlando was much different from the above outline. There was nothing in his presention about his economic theories, his track record, or stock market investing. It was only 30 to 40 minutes in length. Throughout the balance of the day, I asked other conference participants (including a number of conference presenters) what they thought of the "keynote". Most dismissed it as nonsensical. Clearly this was not the same speach as the one you refer to. Perhaps my conclusions are somewhat harsh. Given what I saw (if it reflected VN's investment philosopy) it was only a matter of time before he blew up. His most revealing statement during the presentation was, "I buy when others want to sell". Clearly this marks him as a contrarian.
If I have a $100 million in the market, any market, I will make sure as hell that every single penny of it is hedged so if I lose, I won't lose everything. I won't rely on others to treat me better. I treat myself better by managing my risk well. The guy didn't manage his risk. He was a gambler not a trader. A trader always manages his/her risk.
If you are properly hedged, you won't lose. But you won't make anything either. So why are you in the market? By the way nice thread necromancy. Let dead threads die peacefully.
Well 100% hedging defeats the purpose of investing/trading so there is no point doing it. The purpose of hedging is not to hedge away 100% of the risk although that would be ideal if the cost of hedging warrants it. The purpose of hedging is to manage and control risk to a level that is suitable to your tolerance level and financial capacity while you try to make positive return on your capital. What??!! You lost me there.
Check the date of the last post. This thread wasn't dormant, it was dead. necromancy: the supposed practice of communicating with the dead,
Whatever. A thread is a thread. As long as it still allows for comments it can still be commented. It's not a dead thread until it does not allow for comments anymore.