Surf, am curious - if you had what you define as a true edge, would you go 'all-in' on it? Or, not obviously entire net worth, but all-in from your designated account (for that edge's exploitation) standpoint?
Just to add to my response, i have experienced true edges personally several times. Once was in FX when the mini and micro contracts were introduced. They would lag or lead between dealers--- we killed that situation for a small fortune. An other time was with a prop firm arbing locked and inverted markets between exchanges. You could basically buy and immediately sell at a profit. You woyldnt take the trade unless the profit was guaranteed. It was sick but capacity constrained.
Yes, I have nailed retail FX dealers in the past as well. A few months ago there was some idiot on NADEX running an algo on extremely short duration (5m) digitals that was only good for a one lot, but I think I got about a grand off of him before he shut it down over a couple of weeks. He would leave bids/offers that were ITM on the book right up through expiration. So yeah, they are there still to be found... a fool and his money, lol.
# 18. Health is the number one asset without question. Freedom to do what you want, when you want, and how you want is the second greatest asset. It is better to just have enough money to be completely and totally free than to be really wealthy but chained down for any reason.
platitude. 'just enough money' is not enough to achieve your first tenet. a mark cuban or a bill gate get better healthcare than you or i by virtue of they outsized wealth. they have better survival curve vs 'just enough money' to pay for condo on beach
I completely disagree--- gates and the other UHNW's can pay for bespoke and personalized medical care--this doesn't mean it's any better. Look at Mike Jackson as an example--- he would have been better off on Obama Care ( likely still alive ) than his high priced doctor. Another example is Steven Jobs. All his money could not save him from the inevitable. When I say just enough money, that is completely relative. For some its a $70 million house and jets, for others its a Ferrari, range rover and nice condo on the beach, and for still others its just being debt free---- surf