Thomas petterfy, my hero

Discussion in 'Economics' started by trader198, Nov 10, 2013.

  1. Bob111

    Bob111

    ---The stories were harrowing that a few told me. People die to get into this country and you complain about how someone is "luckier" than you.---
    took me only 13 years to get the citizenship :)
    half of them i wasn't even allowed to work anywhere.
    it's like being on payroll after prison. one DUI(forget about something serious) and you will be deported(along with your family)
    at least US citizenship test was fun-the officer looked at my papers and asked only one question: it says you aren't' working anywhere.what do you do for a living? prepared for that i showed him my last 3 tax returns . i trade for a living.. the guy like-wow! i have no further questions(about can i write or speak or whatever ),you good :)
    btw-out of probably 100-150 people - i was only a white guy. rest of crowd probably from pakistan or india. they aren't' wearing any shoes and probably can climb on electric poles with their bare feet. that's how huge and ugly their nails are. wearing their saris and sandals..they will be great and productive citizens for this country.yep
     
    #11     Nov 10, 2013
  2. The immigration laws are pretty disgusting. If it were up to me we would have an open immigration policy. You want to come here and work? Come on in.

    The problem is guys like trade2live have created so much social welfare that open immigration wouldn't be very feasible.
     
    #12     Nov 10, 2013
  3. Bob111

    Bob111

    well..they(corps) done it.. it's called H1 visa and it's pretty disgusting too..when they hire folks from 'cheap' countries and refuse to employ your own citizens..so-come and work is not that pretty ether. ask forks from IT field,if they are happy about it
     
    #13     Nov 10, 2013
  4. This makes no sense unless you can explain yourself.
     
    #14     Nov 11, 2013
  5. just21

    just21

    #15     Nov 11, 2013
  6. Pekelo

    Pekelo

    So were Soros and Nicolas Darvas*. Anybody see here a pattern?

    * Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market."

    "Arriving in the US in 1951, Darvas trained with his half-sister, Julia, to be a ballroom dancer, becoming extremely succesful and touring the world by 1956. He discovered investing in 1952, when a Toronto nightclub, unable to pay him in cash, instead paid him with shares. It was on a two-year tour of the world that he initially developed his 'Darvas Box' method of screening stocks - a method of picking stocks based on the stock's price and volume - and later went on to refine this to remove any human element from his trading to susbtantial success. Nicolas Darvas is regarded as one of the best traders in the history of the market and his method, whilst complicated and difficult to master, has been rigorously tested and has been found to be one of the best trading systems yet developed. "
     
    #16     Nov 11, 2013

  7. The fact that he was an immigrant should tell you that he WAS lucky. Immigrants have it harder than others by definition . I have been an immigrant in several countries so I think I know what I am talking about. A smaller part of them become succesful , even fewer hugely succesful. Again luck always plays a role. Of course no denying he is brilliant, visionary hard working etc. But if you don't understand the role of luck in life and if you don't take success stories in the media with a grain of salt knowing they are romanticized, then you are a fool. And if you don't realize that keeping the American dream alive with stories like this also helps justify inequality and "the system" in the US, then you are an idiot too. The american dream is a great story but it's not the truth, not everybody has equal chance to make it . Is social democracy better ? No , I would rather be in the US , but if you are poor and unlucky social democracy may be better. Comparing Obama to social democracy or worse socialism of the Eastern block is totally off base.
     
    #17     Nov 14, 2013
  8. zdreg

    zdreg

    " socialism of the Eastern block is totally off base. "
    not if obama and his kindred have their way. he is an admirer of chavez and of juan peron.
     
    #18     Nov 14, 2013
  9. d08

    d08

    I wouldn't say that luck was a big factor with him. He isn't Paulson or a speculator that hit the jackpot, he built things up from nothing one day at a time. I'd just say he's 'wicked smart' and possibly not even a sociopath like most billionaires (but who really knows).
    Being an ex-Soviet citizen myself, communism really screwed things up for everyone - the effects are very long term. One thing is people like Peterffy leaving, there have been so many like him - people that could've benefited the local economies instead if the system would've been different. Soviet system also created 'Homo Sovieticus' and this group of people have a very significant adverse effect on all ex-Soviet countries, the rampant capitalism of early 90s created massive inequality and demoralized the population as well - despite what it looks like from distance, these things affect the lives of people even in 2013.
     
    #19     Nov 14, 2013
  10. nursebee

    nursebee

    <iframe width="420" height="315" src="//www.youtube.com/embed/N2QtDExs6lM" frameborder="0" allowfullscreen></iframe>
     
    #20     Nov 14, 2013