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Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds a
by thingylab 14y ago
Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed" ?
- encoderer 14y agohttp://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0...
- confluence 14y agoNone of them were amateurs.
- encoderer 14y agoBS. http://en.wikipedia.org/wiki/Cornwall_Capital http://en.wikipedia.org/wiki/Cornwall_Capital They started with $100k pooled together from 3 guys' life savings. How much did they make? Exactly. The wikipedia article, short as it is, covers through 2010 when that $100k grew to "100 to 300 Million." Read the latest write-up of them in FT. It's a billion dollar venture now.