Tell this to any future investors in your fund. I totally see now why you are abandoning trading/hedge fund and heading into another area.
Another arrogant young dude who got a lucky winning streak getting caught by the reality of having no edge in the long run. NUMBERS DO TELL THE WHOLE STORY , my friend. Besides selling a book, he can also start an advisory service when his fund blows up, becoming a full-time salesman I have yet to meet an arrogant trader who makes it as a trader in the long run... Humility is the hallmark of any long term succesfull trader. Guys like Timmay come and go like bubbles......
Wikipedia definition of doublethink is: â The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them. ... To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one deniesâall this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth. Welcome to 1984!
yeah you're right- that would spoil the fun. I think he really is driving down to FL to come after me and EPrado.