Traders: Do you try to predict or react to market movements?

Gringotts Bank said:

Profitable trading is not simple. If it was, we'd all be rich.

Then you would come back with "well you just need to be smart about it and apply some maths and statistics". How many quants make it onto the Forbes or BRW rich list each year? None. What percentage of managed funds beat the index year in year out? A tiny fraction, and yet they have access to the best and brightest Ivy League graduates.

What I'm saying is that there's a missing element that never gets talked about.

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James Simons, a 69-year-old publicity shy former math professor, uses complex computer-driven mathematical models to make bets on stocks, bonds and commodities, among other things.

His earnings last year were $1.7 billion.

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What I'm saying is that there's a missing element that never gets talked about

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Trembling Hand said:

Whoops... wrong there matie,

http://www.nytimes.com/2007/04/24/business/24hedge.html?pagewanted=all

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notting said:

Published: April 24, 2007
I wonder how he faired over the next couple of years!

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Trembling Hand said:

No need to worry about his returns,
View attachment 46969

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notting said:

Published: April 24, 2007
I wonder how he faired over the next couple of years!

I am not taking a position on this debate just thought it was amusing to note the date of the article. Presumerably his systems would have allowed him to preserve the majority of his gains during the crash and following whipsaw from hell. Presumearbly.

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notting said:

Published: April 24, 2007
I wonder how he faired over the next couple of years!

I am not taking a position on this debate just thought it was amusing to note the date of the article. Presumerably his systems would have allowed him to preserve the majority of his gains during the crash and following whipsaw from hell. Presumearbly.

Click to expand...