I drink 270g of pure sugar during a hard 3h bike ride. While allowing me to complete the hard work, it also helps with not feeling empty afterwards and eating uncontrollably. As long as I don’t gain weight It’s all good.
“ If Madoff got lucky and his portfolio doubled in a year, then he too would have been able to make customers whole.”
Maddoff didn’t have any portfolio since the late 80’s. So no trading, all fake records. Redemptions of principal and made up profits were paid with other customer funds.
This is true, but incomplete. Such unsophisticated investor has to control his frequency of trading, and also the frequency of trading of his etf or mutual fund. Any fund needs to do trading, re balancing, etc. So there's a double layer where ppl get charged 'the vig'.
For many of the reasons expressed here, specially the 'business culture' and 'hustling factor', China is the country that reminds me most of United States.
As an excercise for the reader, would be interesting to test the performance of a buy and hold strategy of stocks a.) Going below IPO price, b.) Going below 50% IPO price. A second filter that can be applied is the time span between first day of trading of such event.
Indoor climbing/bouldering is a nice alternative for ppl who find lifting boring. Despite mostly engaging upper body, it really gives you a good workout with the added problem solving challenge, balance and flexibility training.
Maybe this is the beginning of "Twitch Trading". If ppl like seeing other ppl playing video games, trading stocks/futures could find an audience. The question is what would be the incentive for a competent trader/algo to let ppl see it's trades.
As far as I know eToro already allows users to copy other traders strategies. The incentive for the trader to allow others to copy their strategy is likely some % gain based on the number of copyers, so if you develop a successful trading strategy and allow others to profit off it, you also profit. Just a hunch.
what would be interesting though, but much more of a niche, would be if some successful quant traders did an in-depth review of some "alpha" or strategy they ran some time ago, which is no longer profitable. They could discuss their tools, analysis , trading metrics, performance, and some discussion of why the strategy stopped working.
It would give a good window into the work-flow and skills required to do this successfully. Even if it's retrospective, going back a few years.
Possibly general solicitation of funds from retail investors. But I agree with you that if you're any good, you're not going to be asking retail for money, you're heading straight to UHNW individuals and whatnot.