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RE: Answers on Larry Williams



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I think yours is a probably a more accurate account. I simply can't 
remember now.

Robert


At 03:22 AM 4/26/01 -0700, David Rosenthal wrote:
>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.
> >