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greatest traders of all time
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kizee1
#1 Posted : Thursday, September 30, 2010 5:21:09 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
ladies and gents

here is a the list..from cnbc..no Warren Buffet..lol...

http://www.cnbc.com/id/37510862
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mlennyma
#2 Posted : Thursday, September 30, 2010 11:41:41 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Why did cnbc close shop here?
"Don't let the fear of losing be greater than the excitement of winning."
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kizee1
#3 Posted : Thursday, September 30, 2010 11:47:15 PM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
think the cnbc africa guys gave dstv exclusive rights to africa...
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sheep
#4 Posted : Friday, October 01, 2010 10:07:41 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
where is dreyfus and ken heebner?
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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mozenrat
#5 Posted : Friday, October 01, 2010 11:28:23 AM
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Joined: 5/18/2008
Posts: 796
WB is not a trader bwana
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kizee1
#6 Posted : Friday, October 01, 2010 11:51:39 AM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
what is he?
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youcan'tstopusnow
#7 Posted : Friday, October 01, 2010 12:15:23 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
kizee1 wrote:
what is he?

Investor
GOD BLESS YOUR LIFE
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quicksand
#8 Posted : Friday, October 01, 2010 12:18:09 PM
Rank: Veteran


Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
sheep wrote:
where is dreyfus and ken heebner?


Heebner made some bad calls in the subprime fiasco and Fortune magazine had to write up a follow-up article after a previous issue had praised his fund management acumen.
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Sober
#9 Posted : Friday, October 01, 2010 12:34:24 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
@mozenrat
whatever he is. he trades, and he is succesfull. period
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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drake
#10 Posted : Friday, October 01, 2010 1:05:12 PM
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Joined: 8/8/2009
Posts: 170
Nothing doing.

No doubt some of the guys that made this list deserve the props they get...but quite a few were JUST LUCKY as evidenced by their "casino-like" returns.

Which begs the question, "Who is a great trader?" One who consistently delivers Alpha or someone that returns 150% and follows that up with 2 down years?

+ Livermore blew up more than once, (and committed suicide after losing everything) post 1929.

+ Paulson is looking more and more like a one trick pony [APFund YTD ~ -11%]

+ John Arnold had obviously taken a good look at Enron's (one of the biggest energy players at the time) book before starting Centaurus.

+ Mad respect for Soros but he was more of a "portfolio-manager picker" (Niederhoffer, Druckenmiller etc) than a trader for Quantum. Betting against GBP was actually Druckenmiller's idea (that he found when drunk ) but Soros took credit for encouraging him to bet big.

Also, Soros sent his son to Niederhoffer to learn how to trade....that's saying something!

How Simons failed to top this list & Druckenmiller missed it altogether, I cannot comprehend.

P.S- Sorry to hijack the thread but are you guys watching this (& secretly rooting for Anthony Ward (Armajaro)?

http://markets.ft.com/te...055540&ss=WSODIssue

You, also might have missed this...

http://kenyanjobsandvaca...g-limited-jobs-and.html


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My 2 cents
#11 Posted : Friday, October 01, 2010 1:11:19 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
[quote=kizee1]ladies and gents

here is a the list..from cnbc..no Warren Buffet..lol...

http://www.cnbc.com/id/37510862[/quote]
Warren Buffet is NO TRADER. Look up the definition of trader.
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kizee1
#12 Posted : Friday, October 01, 2010 1:22:01 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
drake wrote:
Nothing doing.

No doubt some of the guys that made this list deserve the props they get...but quite a few were JUST LUCKY as evidenced by their "casino-like" returns.

Which begs the question, "Who is a great trader?" One who consistently delivers Alpha or someone that returns 150% and follows that up with 2 down years?

+ Livermore blew up more than once, (and committed suicide after losing everything) post 1929.

+ Paulson is looking more and more like a one trick pony [APFund YTD ~ -11%]

+ John Arnold had obviously taken a good look at Enron's (one of the biggest energy players at the time) book before starting Centaurus.

+ Mad respect for Soros but he was more of a "portfolio-manager picker" (Niederhoffer, Druckenmiller etc) than a trader for Quantum. Betting against GBP was actually Druckenmiller's idea (that he found when drunk ) but Soros took credit for encouraging him to bet big.

Also, Soros sent his son to Niederhoffer to learn how to trade....that's saying something!

How Simons failed to top this list & Druckenmiller missed it altogether, I cannot comprehend.

P.S- Sorry to hijack the thread but are you guys watching this (& secretly rooting for Anthony Ward (Armajaro)?

http://markets.ft.com/te...055540&ss=WSODIssue

You, also might have missed this...

http://kenyanjobsandvaca...g-limited-jobs-and.html





Livermore was a manic depressive, he didnt loose money in 29 infact he made cash by shortin the mkt, its said that JP morgan implored him to stop shorting it so as to restore confidence..as for the list it isnt listed in order of greatness...Simmons is a legend, hes the daddy of quant trading

soros not a trader? surely a guy credited with being behind the greatest trade ever re- shorting the GBP/DEM cannot be described as anything other than...
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drake
#13 Posted : Friday, October 01, 2010 1:42:48 PM
Rank: Member


Joined: 8/8/2009
Posts: 170
I never said Livermore didn't make money in 1929. He was worth ~ $100mm ( which is > 2.0 Billion today by some estimates.

What I said was that he followed that up by losing it all ...and in 5 years!

He was declared bankrupt in 1934 and killed his-self in 1940.

I never said Soros wasn't a (great) trader, what I said is DRUCKENMILLER FOUND THE GBP TRADE (when housed) .....though much of the credit unfairly goes to Soros.

In all it's years of existence, Quantum has, apparently, only had one down year (tech bubble) and you can only do that by switching PM's around (attrition) which is the same thing Steve Cohen does at SAC. This, I offer, is Soros' greatest strength.
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kizee1
#14 Posted : Friday, October 01, 2010 2:39:08 PM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
touche..
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The Merchant
#15 Posted : Friday, October 01, 2010 6:00:11 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
drake wrote:
I never said Livermore didn't make money in 1929. He was worth ~ $100mm ( which is > 2.0 Billion today by some estimates.

What I said was that he followed that up by losing it all ...and in 5 years!

He was declared bankrupt in 1934 and killed his-self in 1940.

I never said Soros wasn't a (great) trader, what I said is DRUCKENMILLER FOUND THE GBP TRADE (when housed) .....though much of the credit unfairly goes to Soros.

In all it's years of existence, Quantum has, apparently, only had one down year (tech bubble) and you can only do that by switching PM's around (attrition) which is the same thing Steve Cohen does at SAC. This, I offer, is Soros' greatest strength.

I completely agree. Same thing Louis Bacon does at Moore and that is why he poached Greg Coffey from GLG. It is hard to make those profits with the kind of capital these guys have. They still deserve much credit.
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Wa_ithaka
#16 Posted : Friday, October 01, 2010 7:46:54 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
King'ethia should also appear on this list
The Governor of Nyeri - 2017
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Njung'e
#17 Posted : Friday, October 15, 2010 10:43:16 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Wa_ithaka wrote:
King'ethia should also appear on this list


@Wa-Bushes,
Who is King'ethia (Mang'ethia?)Sad
Nothing great was ever achieved without enthusiasm.
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Sober
#18 Posted : Friday, October 15, 2010 11:01:06 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Are we taking trader as someone who built a succesful business empire on what he had.
Someone who made 10n from a million is better to me than defending a 200mn worth of empire for a duration.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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