What is the route for small guys? Costs for compliance now for hedge funds make anything less than 100M unfeasible. There are tons of CTA but you need a strategy that can really differentiate yourself from the crowd.
You can't have "knew how to trade" and "a matter of incentives that pushed them to excessive leverage" in the same sentence. And I worked at Salomon pre merger as well as their acquiring firm Smith Barney. Brilliant guys who had a propensity to blow up...
Lehman CEO walked away with hundreds of millions after blowing up his firm. It is a free option for these guys, any good trader will recognize that it's OPM and push it to the max with excessive risk taking.
Meriwether blows up the first time to the tune of 4 billion plus,them gets his ass handed to him in his second hedge fund,once again using excessive leverage.. Think you mean self serving dirtbag as opposed to good trader...
are you trying to say you do not know what is low and what is high..... buy low sell high. what is so difficult about that. the problem starts when you try to predict the market. with all kind of theories which cannot be proven. you can see what is low and what is high...….the proof is before you.
the market is not driven by GOD or extraterrestrials it is driven buy buyers buying low; sellers,selling high. so what is low and what is high? find out that.