[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Fw: LBR



PureBytes Links

Trading Reference Links

Just to clarify, I did NOT write:

In a message dated 98-10-19 20:32:03 EDT, fpi@xxxxxxxxxxxx writes:

> :You might also want to check out the "legendary" traders Larry Williams and
>  :Jake Bernstein. The year after LW won the Robbins World Cup, he and JB
>  :formed a fund that was later closed after losing more than 50% of their
>  :investors' money. Maybe that's why they're on the lecture/seminar
circuits.
>  :
>  :All LW is doing is living off his fame for taking $10K and turning it into
>  :$1million. What he really doesn't tell you is that he actually took it
into
>  :$2million and then took that $2million and turn it into $1million (imagine
>  :that: $1 million drawdown!!).

I wrote:

In my 20 years of investing & trading, I have 3 times given others some
money to trade.

One of those instances was LW, as Gaius describes. As I recall, the 50%
drawdown occurred in approximately 6 months.

FWIW, the other two times turned out to be losers also. 0 for 3 & wiser for
it.

FPI