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Robert Bianchini wrote:
> A few years, I heard the rumour that Larry Williams was taken to court for
> managing a fund that lost money in a particular year yet Larry's personal
> trading account made money. Apparently, Larry was allegedly accused of
> placing the winning trades in his own personal account and was placing the
> losing trades in the fund's account.
FWIW, his explanation was that he had traded his account in his normal
gut-wrenching fashion, but didn't dare swing quite so freely with other
people's money; thus his losses weren't made up by the occasional huge
gains he counts on. No guarantees, but it sounds at least possible.
Owen Davies
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