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Man, I lost it at "A 30x return is easy - rare, but easy." Re: story, I've casually followed his story. I'm also very dubious of the allegations against him a
by caminante 10y ago
Man, I lost it at "A 30x return is easy - rare, but easy."
Re: story, I've casually followed his story. I'm also very dubious of the allegations against him and claims about his performance.
- MR4D 10y agoI agree with your second point. As to my wording on your first point, I should explain a bit more.... "Easy" means that it's not technically hard to do. For instance, anyone who's lucky enough can win 30 times their money in roulette. It's "easy", but rare - only 2-3% of people do it. For contrast, "hard" to me would be something like trading gamma-delta option spreads. Technically, just about any investor do the former (although they'd have to be lucky), while few can do the latter. Final point - I consider being lucky consistently is damn near impossible (although statistically, I guess it happens to a few of the 8 billion people out there).