i think tha's about it with that guy. I actually feel sorry for him. Maybe he's lonely? ----------------------------------------------------------------------------------- I don't get it, really I don't. I don't come after you or antagonize you. I don't understand why you feel the need to come in here and piss on someone else's candle, unless it is just a pathological craving for attention.
Let's say you discovered, quite by accident, that you had a knack for giving fantastic handjobs, and there was a strong demand from wealthy geriatrics for your services. If this was your best shot at getting rich, would you do it? Point being, money is not the sole criterion for a desirable career path, and in many instances not even the most important one. People who don't have enough money, or whose cash flow tends to fall short of facilitating the lifestyle they desire, tend not to understand this. But when you have enough cash to comfortably live the way you want to live -- assuming you don't have any dumb ego-driven desires, like the need to have a bigger yacht than the next guy -- this concept is much easier to grasp. My goal is to have it all -- to make an insanely ridiculous amount of dough (relative to the average joe's perspective) and to have the best life, which means focusing on work that is engaging, fulfilling, intellectually stimulative, and nourishing to my inner competitive drive. In respect to the financially lucrative aspects of trading, I consider it good fortune that my passion happened to coincide with a fairly efficient means of getting rich. With that said, though, if it turned out my passion had been for archaeology, or molecular biology, or some other field that offered stimulation and fulfillment but not wealth, I would have no problem putting personal fulfillment first. Conversely, if I saw an opportunity to get rich in a douchebag profession, doing work that made me feel bored or shitty on a routine basis, I would say thanks but no thanks. Again, the game as it is played is not "making the most money" but "living the best life." And it is the individual alone who defines what constitutes "best" (or at least it should be). Furthermore, the reason I have highly aggressive financial goals is not some pathological need to become "rich" -- and what does that even mean? -- but because as it so happens, in my particular area of focus -- global macro -- money is the long-term means of keeping score. If you achieve greatness in this field, the money comes rolling in in great waves. If the measure of greatness were something different, like joining the London Symphony Orchestra for a cellist, that would be fine too. I never said Fisher was an idiot (though his books are indeed fucking horrible). And as for the day trader versus mutual fund manager... the answer to "who is the smart one" is not cut and dry there either. If you think making 500K a year is the winning proposition by automatic default, you are once again showing your tendency to not think things through. It may well be that the 50K daytrader is happy, fulfilled, enjoying his work and his life, living in a beautiful area of the country while finishing work by 3PM each day, while the 500K a year mutual fund manager is stressed out, miserable, hates his bosses, hates his investors, hates the fact he is a closet benchmark fraud, has ridiculous state and city taxes to pay (along with ridiculous keep-up-with-the-joneses social obligations), and overall has a life that sucks. Such is not a guarantee, of course, but the point is that you cannot measure life success by salary. To underscore the point, I strongly recommend this essay by Epicurean Dealmaker on the realities of the investment banking profession. The final comment in your post was "if you don't know give up." I suggest you ponder your own advice (versus presenting viewpoints so shallow they make a parking lot mud puddle look deep).
Funny! that post was not meant to be pejorative or a personal attack, yet you turned it into one. But I am not surprised, it is par for the course to dismiss a billionaires advice yet embrace a publishing eccentric with a book full of ridiculous platitudes like <i> On the Importance of OwnershipââNever, never, never, never hand over a single share of anything you have acquired or created if you can help it. Nothing. Not one share. To no one. No matter what the reasonâunless you genuinely have to.â</i> Just maybe Seykota is right, we get what we want out of the market. surf PS-- i did enjoy your epicurean dealmaker link--- I know several folks in the IBank biz--- what it says is very accurate.
"Not meant to be pejorative or a personal attack"... oh lordy... do you even remember what you wrote? Here's a reminder: Yeah, that's not pejorative or personal at all. I can't decide if your memory is slipping or you are just keeping up the comedy routine... punching yourself in the face again... Look, here is the bottom line: The Felix Dennis book is excellent... Ken Fisher's books are shit... and while Fisher may have a larger net worth than Dennis, the difference is not huge (in relative terms) and Dennis came from nothing, whereas Fisher was handed the template, and the famous name, by his dad. You can disagree all you want, and those who prefer your judgment over mine are welcome to have it. The intrinsic quality (or lack thereof) of our respective interactions speaks for itself. Congrats! Me too. Does that make us cool?
Oh. I must have forgot that you also are a billionaire--- not a struggling wannabee billionaire ...... i apologize for the oversight. please keep the regurgitated wisdom coming. surf
Good grief! You know for this all knowing professional money manager/trader/t**t.....you do spend a hell of a lot of time on an Internet forum spieling B*S* out. ----------------------------------------------------------------------------------- My goal is to have it all -- to make an insanely ridiculous amount of dough (relative to the average joe's perspective) and to have the best life, which means focusing on work that is engaging, fulfilling, intellectually stimulative, and nourishing to my inner competitive drive. --------------------------------------------------------------------------------------- F*** SAKE!!!! I've read it all now! Which book did you get that crap from?
Be careful. Funny things can happen in life in 20 years.....don't get so blind sided by money (as it sems you are) you get railroaded along the way! -------------------------------------------------------------------------------------- Not yet. Give it twenty years or so... and will do.
Darkhorses: It's clear you are too good for us on this forum and despite your very best efforts we are simply not in your league.... Why spend so much time here with us peasents? Why not go? (please )