& blow away.

Legendary investors? What does stockcircle say?

I highlighted 1-year performance with Green and 10-year performance with Yellow.

Rated: incarcerated

What should be obvious is that there are a lot of urban legends out there. Just because an Australian YouTuber keeps on repeating that Stanley Druckenmiller has been making 34% per year for the last 30 years, that does not make it true. Nor do unverified populist articles that sing into existence a 2.6 Billion Dollar gain on a single trade by Bill Ackman – just look at the portfolio percentage gains below. What is an extra billion between newscasters?!

Where is the 2.6 billion jump at?

Compounding is another thing people like to throw in for good measure, and it may or may not be true, but certainly sounds awesome. Did I mention Einstein?

I do appreciate that Millions or even Billions are awfully hard to make high percentages with. For one, you cannot use an Offshore Forex Broker for trading, that is for sure. Yet, I had to get you to start rethinking whom you idolize, and what are you trying to learn/copy.

You can actually piss me off with the word, portfolio. Somebody once asked about my portfolio changes during the pandemic. I do not have a portfolio! – I responded. Nor is opening put spreads for 40 days and closing them in 20 should be considered one, Felix – an ex investment banker should know that.

The Druck has one, you can see his net worth dropping 1.5 billion in 2021.

Investing has a lot less prospect than trading, particularly currency trading. You will need good data, tremendous insight, insider info, and to play in rigged ways (i.e. move the market yourself or swim with the black pools) to shine at all. The bottom line is that a trader does not have to commit unethical, borderline criminal acts for results that would put investors to shame. It is no secret that I’m going for the 10-year percentage of Druck, and ultimately a 10-100x that is possible to achieve, but you are still an idiot for experimenting with crypto.

Having great investment results and playing nice don’t go hand in hand. The Marewick Of Wall Street always adds the pronoun “snake” before Bill Ackman, and I remember how passionately Duch hated Warren Buffett.

As a trader, there are ways to act dirty, i.e. spoofing, but you may not need anything that the FBI would incarcerate you for.

After talking down investing, here is some fuel for folk tales to dance to…

As for trading, I could never figure out what people are doing trading bitcoin futures on USDT basis, which is a token issued by a company that has filed for bankruptcy.

Bonus Shapiro.

Endo the Mayo.

Truth be told, it isn’t true that no one ever saw any potential in me. My last supervisor said to me once: you’re gonna be a billionaire and you are gonna make me a millionaire. My current supervisor? He said he was going to start calling me Quincy Jones.

It’s either that or I would have to retire on a monthly 250 GBP pension that is good enough for 1/5th of my recurring living expenses.

My 7th AI Album.

If I had a business card, now I could have it say: Maintenance Engineer – Professional Trader – AI Music Producer.

I never had one. I was never important enough to have one. What would I have put on it?

When I was 41, having lost everything for the 3rd time, starting from scratch in a 4th country, Ionut told me at the Pullman Hotel: you must be the best English-speaking kitchen porter ever! – I guess that was business card worthy, but then again, who would I give one to?

Belmont (South San Francisco), 2001.

This was my very first job at the tender age of 28 when I had to get up in the morning and perform physical feats without questions, risking my health for money. In short, employment. All I had to do for the privilege was move to America and stop being vegetarian. I worked for a Persian guy who could not say “wörk”, only work just like the marewick of Wall Street can’t.

Ah, competition! I welcome that.

I would be in 3rd place currently with 125%, but the year is young & I have 9 more Aces up my sleeve.

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Of course, I traded a bit more after this post, so these are the final numbers for May 2024.

I like the 350 longs and 349 shorts combo. 35.3% was the final gain.