Discussion in 'Economics' started by keithclark, Dec 15, 2012.
I'd say Soros
Not even close.
James Simons' Medaillon Fund had better annual returns and far greater consistency.
Apart from that, Simons isn't running around wanting to raise other people's taxes like Soros does.... (people which earn significantly less than he does...)
24% compound average annual returns more than double the S&P500 during the same period over 28 years!
This is another investor that few will recognize outside of Wall Street. Steinhardt achieved a track record that still stands out on Wall Street: 24% compound average annual returns more than double the S&P500 during the same period over 28 years! WhatÂ¡Â¯s more amazing is that Steinhardt did it with stocks, bonds, long and short options, currencies, and time horizons ranging from 30 minutes to 30 days. He is credited with focusing on the long-term, but investing in the short term as a strategic trader.
Later in life he told of the six things that investors need to stay grounded:
Â¡Ã¶Make all of your mistakes early in life. The more tough lessons early on, the fewer errors you make later.
Â¡Ã¶Always make your living doing something you enjoy.
Â¡Ã¶Be intellectually competitive. The key to research is to assimilate as much data as possible in order to be to the first to sense a major change.
Â¡Ã¶Make good decisions even with incomplete information. You will never have all the information you need. What matters is what you do with the information you have.
Â¡Ã¶Always trust your intuition, which resembles a hidden supercomputer in the mind. It can help you do the right thing at the right time if you give it a chance.
Â¡Ã¶DonÂ¡Â¯t make small investments. If youÂ¡Â¯re going to put money at risk, make sure the reward is high enough to justify the time and effort you put into the investment decision.
Always trust your intuition, which resembles a hidden supercomputer in the mind. It can help you do the right thing at the right time if you give it a chance.
Imo, this is generally a girl thing hence "Womens intuition". men tend to ignore intuition.
Also, I think this needs to be developed over time. Can't trust your gut without a intellectual foundation.
Personally I would say Ben Graham or Jesse Livermore. Disregarding returns.
They seem to have the most fun doing it.
24% a year
hopefully he doesn't post on ET
or some prop trader will laugh him off the board for being such a loser
why did jessie livermore commit suicide if he was having so much fun?
There is no contest here, it's al qaeda. They invested ~250K and parlayed it into at the very, very minimum 4 Trillion ROI in the form of damage to the U.S. economy. That's a return of 1.6 billion percent on their investment over a decade. Try to beat that! Osama bin Mohammed bin Awad bin Laden is the greatest investor in history.
cut your losses short?
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