4 times 25 are also 100...
I am not looking for the quick profit. I am looking for a consistent performance. Instead of being lucky once, achieving 100 percent annual return, I prefer four years at 25 percent.
Four years in which I know exactly what I am doing, being always in control of the situation.
When passion becomes a calling...
...and a calling becomes a profession. And there aren't many professions with a reputation worse than a banker's, broker's, or even more perfidious, a trader's.
This special species is often stigmatised as ‘gamblers’. People generally point to them as the cause of major (financial) crises.
How it all started ...
At the end of 2007, I used an asset manager in Marbella to deposit a seven-digit sum in a private bank.
Quite a large amount of that money quickly vanished like ice cream in the sun. As my account continued to shrink, they drove ever larger cars.
YOU are supposed to know ...
Friends and family often ask what our proprietary trading firm considers as today's best investments: Whose stock should I buy? What’s the deal with gold? When will the price of oil go up again? Or should I wait for a while...?
And all I ever do is shrug and say: I have no clue! This is when I get this look of incredulity just before they say: But YOU are the stock market expert, you're supposed to know these things?!
The explanation is simple: You CANNOT predict prices - never ever!