Turns out Goldman traders are not at all what they’re hyped out to be, once they are deprived of their Goldman platform. Many went and started their own hedge funds and failed. One guy even managed to lose 7%. 7%! In this market! I guess he was long gold. How else one loses money in this market.
I’m almost disappointed. It’s as if Dr. Evil from bond movies turned out to be just an old grandpa with a cat – no handlers, no masterplan, no secret weapon. Once stripped of their magic lever that Goldman provided them they can’t walk on their own.
T’fy, blya! Such a major disappointment.
7 thoughts on “Former Goldman Prop Traders Can’t Survive in the Wild.”
I like “T’fy, blya!” very much…:)
As far as losing 7%, who knows for what eventuality his portfolio is constructed, S&P500 may collapse 40% over the next 6 months and this guy will be up 150%, what would you say then?
That’s just playing devil’s advocate, of course.
He already closed his fund. Too late now. As for the what happens next we never know. All we can make is a calculated guess. A good calculated guess 4 years ago from an average person would be “Don’t cross Bernanke.” Strange it was too much for a Goldman guy.
Not enough English words to describe Goldman traders’ arrogance, as I see. 🙂
Yes! It’s rather frustrating.
You’re living proof that any idiot can talk shit on the internet. You wouldn’t know your ass from a hole in the ground. “One guy even managed to lose 7%. 7%! In this market! I guess he was long gold. “
I like to talk shit. But what is your lament? That he didn’t lose 7%? Or that he lost it in some other way, say, short Treasuries?