before he lost it all and then some...my God, how many more times is it mentioned that he made money for years. Does it matter when you lose it all? Does it matter you went to Wharton but later end up as an overdosed drug addict? I dont understand your line of reasoning at all.
It's human nature. They SAY they want to make a big return.. and SAY they are "willing to assume the risk which goes along with the try". But that's not what they REALLY mean in most cases.. They place a big chunk of their money with the guy they HOPE is smart enough to make the BIG gains without losing their capital. Personally, I wouldn't entrust my $$ to anybody who had even ONE "blow up" on his big-money record, as it would show he had yet to learn the market's most important lessons.
Yes, perhaps a more apt description would be placing the money in the trunk of a burning car about to go over a cliff. I love visuals, don't you? Meanwhile, VN seems to have a firm handle on how to make outsized returns by taking super-high-octane-outsized risk. However, those returns are only impressive when viewed while facing away from the flames at the bottom of the cliff. And downwind. Don't let the smoke get in your eyes. Hmm. Bad analogy. It seems the smoke did get in your eyes... <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/57tK6aQS_H0&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/57tK6aQS_H0&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
You're so naive. Odds are he lost nearly all of prior years' gains for all of his investors. THAT'S human nature, too. When investors are making good/big returns, they don't make significant withdrawals from their accounts.... they "let it ride"... generally ADD to their accounts, too. (Most of their other investments are likely sucking, so they don't trim back their one significant winner.) You're arguing like all you got is theoretical book learnin'. Stop it.
Yeah but in a very complex and esoteric way based on gravitational cycles, growth patterns of the desert willow, and aboriginal music beats...
Thoreau, if you want to restore a bit of credibility , tell us exactly how much you lost for your investors over the years. People would be more tolerant on this board if you acknowledge it, take full responsibility and stop hiding under aliases to justify yourself.