Did they blow up a fund or not? They had a seemingly perfect strategy that ignored a black swan possibility that happened. The rest of what you said is immaterial.
The Midas Formula. Trillion Dollar Bet. Good documentary....I must have literally watched this 40 times over the years, There's nothing genius about this hedge fund. They generated like 30% for the first two years, before blowing up in spectacular fashion. To Sum it up....the Roullete ball landed on 00. When they placed bets on every number. A Hurricane Katrina happened....when they were all expecting and assuming droughts would always happen, Now, the Exciting and Sexy Part, if a trader anticipated a 00 event or a Hurricane Katrina happening....they could seriously make some Bank in the market by Buying Options, , before that event happened. Timing, understanding and process is Everything,
I can't even look at that guy. Wait, that is a guy, right? I understand branding and having a "look", but that beret is beyond goofy. and shouldn't he be fawning all over KST? What a joke.
Easy to attack others when you're a complete anon. Where's your video demonstrating how brilliant and articulate you are? Or is this you with your monobrow? At least we know the sexual preference is correct!
You ever been quoted in The New York Times? You have a master’s or a PhD? You ever conducted any research? Have you ever taught a class? Have you ever received accolades and rave reviews from your students?