Question about politics and trading

Discussion in 'Politics & Religion' started by Robertwiz, Dec 31, 2012.

  1. Hello,

    I have noticed that odly there are people from both parties who are top traders:

    1. George Soros, Hard core Democrat

    2. Bruce Kovner, Hard core Republican

    I am wondering the following:

    1.From anyone's experience, what party does the average successfull independent trader tend to belong too?

    2. Does your trading career affect which party you support to any degree?

    3. Would you ever support a candidate you generally disagreed with if you knew that having them in office would be good for your style of trading?

  2. "party" means gathering of people who have been invited by a host for the purposes of socializing, conversation, or recreation. What these two are are gangs. The aforementioned are not top traders, they are bankers with very particular agendas. Their first allegiance is the gang, the second is to the way makes money (private central banking in the case of Soros). The third allegiance is to their foot soldiers and you come in 4th or 5th. The title doesn't really matter. All that does is what gang they belong to. Politics is gang-warfare. It's not about policy or any of the BS the news entertainment reports that the lemmings fall for.

    1. Being successful at trading does not have any particular correlation to which gang you support running the country. Many understand it's just a game of semantics. either way, you have arbitrage and traders of both Keynesian and Austrian economic schools of thought being successful at their particular niche.

    2. No. There's more to life than regulations regarding prop-trading. Both gangs have supported legislation to crush small traders in order to protect the big party donors and funders (the federal reserve and a few too-big-to-fail banks. It's a lot like pro-wrestling - in front of the camera they fight and pretend to hate each other and behind close doors they go out to dinners and ensure their two-party dictatorship lasts. Politics is a business, it's not about our rights or any of the other BS they would like us to believe.

    3. No. Voting is not a horse race. You don't go out to pick the winner. Voting for Romney obviously would have been the choice that would be easier for traders but that requires a very basic thought-process that measures societal progress and life quality by some BS figures that aren't even real instead of real progress and growth.
  3. 1) Almost completely Republican. :)
    2) You have to expect that the GOP will keep taxes lower and perpetuate a more permissive regulatory environment so that you can become as wealthy as Soros and Kovner. :cool:
  4. Hmnnn.. JP Morgan has a lucrative gig supplying EBT cards.

    OTH, members of Congress, regardless of party beat the market.


    I'll have to get back to ya on independent traders. Probably have to agree with Nazzdack though.
  5. Those douches are exempt from trading on inside info. :eek: :( :mad:
  6. Good question.

    Obama has been good for the market.

    Remember back in '09 Barry said ""What you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it,"

    Well Barry was right................. now for the 64k question "Would you support him"?

    Ewwwwww....where's that barfing emoticon????

  7. [​IMG]