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Its fascinating to me that someone in their early 20s in the 2008 worldwide economic recession to have that much economic success. The fact that this guy could

Its fascinating to me that someone in their early 20s in the 2008 worldwide economic recession to have that much economic success. The fact that this guy could see that massive data analysis with was a winning investment strategy and then out compete others with way more experience in financial markets is impressive. I’d be curious in the markets he initially invested in. Was this a market inefficiency specifically in China in the late 2000s? I’ve always assumed that quantitative analysis requires PhD level knowledge of markets and mathematics but maybe I’m being way too conservative?

pyuser583 1y ago
Being in your early 20s during the economic crisis, would mean spending your early to mid career during the economic boom of the 2010s. It would mean some harsh years at first, but it’s a good time to hit the market. I remember being told I’d never be successful, or make as much money as my parents. I only wish I hadn’t listened to those people so long.
naming_the_user 1y ago
People generally ascribe far too much importance to general market conditions when it comes to their individual success. A good market helps you become a bog standard boring wage slave, maybe get a mortgage, etc. The outsized success folks will go out and get what they need regardless, they aren’t waiting for it to come to them.
- ta20240528 1y ago
  As they are doing in huge numbers in Zimbabwe, South Sudan, Palestine,… This is nonsense. Other than the local mafia, almost all extremely successful folk live in extremely affluent markets.
  - naming_the_user 1y ago
    I am obviously not talking about failed states, market crashes in developed countries are usually at max a 25-50% setback.
    - ta20240528 1y ago
      Its no obvious. Check your cultural assumptions on an international forum when making sweeping statements that only apply to a small minority. For your own credibility.
- surgical_fire 1y ago
  This hustle culture "get rich quick" mindset is such a societal disease. Incredible that people would see the notion of having a moderately successful white collar career (maybe get a mortgage etc) as "boring wage slave".

pyuser583 1y ago

Being in your early 20s during the economic crisis, would mean spending your early to mid career during the economic boom of the 2010s. It would mean some harsh years at first, but it’s a good time to hit the market. I remember being told I’d never be successful, or make as much money as my parents. I only wish I hadn’t listened to those people so long.

naming_the_user 1y ago

People generally ascribe far too much importance to general market conditions when it comes to their individual success. A good market helps you become a bog standard boring wage slave, maybe get a mortgage, etc. The outsized success folks will go out and get what they need regardless, they aren’t waiting for it to come to them.

ta20240528 1y ago
As they are doing in huge numbers in Zimbabwe, South Sudan, Palestine,… This is nonsense. Other than the local mafia, almost all extremely successful folk live in extremely affluent markets.
- naming_the_user 1y ago
  I am obviously not talking about failed states, market crashes in developed countries are usually at max a 25-50% setback.
  - ta20240528 1y ago
    Its no obvious. Check your cultural assumptions on an international forum when making sweeping statements that only apply to a small minority. For your own credibility.
surgical_fire 1y ago
This hustle culture "get rich quick" mindset is such a societal disease. Incredible that people would see the notion of having a moderately successful white collar career (maybe get a mortgage etc) as "boring wage slave".