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That kind of drawdown is typical of someone who's using a straight Kelly money
management formula. Great ride if you've got the stomach for it. The way I heard
it, he traded the account up to around $1.7 million, lost a million, finally ended
above a million.
> -----Original Message-----
> From: robert.cummings@xxxxxxxxxxxxxxxx
> [mailto:robert.cummings@xxxxxxxxxxxxxxxx]
> Sent: Wednesday, April 25, 2001 11:40 PM
> To: Ed Kiers
> Cc: robert.cummings@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Answers on Larry Williams
>
>
>
>
> I understand just wanted to give a little fact about that 1987 trading
> contest. Heres what Larry Williams doesn't tell you about that contest. He
> took $10,000 to $1,000,000 then turned around and lost $2,000,000 a feat
> more remarkable than the first I think.
>
>
> Robert
>
>
> At 08:36 AM 4/26/01 +0200, Ed Kiers wrote:
> >A: That is what he did in 1987. He won some contest, published his actual
> >trades and this record has not been beaten yet.
>
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