I hope this young punk reads ET. He can probably improve his returns by learning how to draw a straight line.
This sounds quite low, given he allegedly made $2bn... If $119 bucks is all he got, that's like a 6% cut. Also, it was all stock, which is weird. I imagine he really got paid quite a bit more and the $119 is just the publicly disclosed portion.
Even if he did generate around $2bn, I'd be satisfied with $119 Million. That's a hell of a deal when you're trading with someone else's money.
OPM. = a free option. You win you win big. You lose big you get to play again-- no room for wuzzies or saps in the game. Scared money is the only loser.
Exactly. I'll take that opportunity any day! I wouldn't give a damn if I made $100bn for them and only received $1bn, I'm satisfied. LOL
"Och-Ziffâs main hedge fund, which has trailed the performance of the U.S. stock market in recent years, is up 0.31% in 2014 through March, an SEC filing show." And people pay how much for this?