This course is a broad overview and discussion of the salient subject areas that one will need to navigate to fully understand the commodity space.
Students will be introduced to what makes each of the commodity sectors tick from an international economic standpoint.
This course sets the record straight about what is a predictive indicator and what is a lagging indicator in the commodity markets.
This course investigates why certain traders become great and why others blow up. Be prepared to journal extensively and learn about your strengths and weaknesses.
Both the terms “stock operator” and “speculator” are outdated. There is so much more that goes on to prepare when you are a professional prop trader.
September 01 2010
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August 27 2010
You are responsible for your own decisions. No sense of entitlement. No one owes you anything. Own your own shit.
August 22 2010
Everyone needs a mentor.
August 16 2010
Treasuries are for trading, not owning. In order to combat hyperinflation, own precious metals.
August 03 2010
[...] What you see here, is an issue of Causation: Buffett is the richest man, therefore he has made nothing but prescient decisions during his life. This is of course a logical fallacy. I felt so strongly about this, and feel that the investing public is misled about how to trade and make money from investing, that I recorded a web tv episode on Buffett. [...]
your tv episodes are hilarious! keep up the good work.
You start off by saying he is miss understood, then you make a bunch of inaccurate statements about him.
Luck? No, he doesn’t have a 10 or 20 year record, but a 55 year record of excellence. He warned about the dot.com bubble, the overvalued stock market 10 years ago, and about the problems with derivatives.
You say he has had a bull market environment. He’s had a share of bear markets which he’s excelled, including the past 10 years. Early in his career he folded partnerships because he felt the market was overvalued. His record against the indexes is superior.
You say Buffett’s not buying Berkshire at these levels. Of course not, he already has 99% of his net worth in Berkshire, so he hasn’t bought in decades.
Random event? – No, he’s been right way too often for that conclusion.
Random luck does not necessarily care about 10, 20, or 55-year track records. One can be lucky for decades. A person needs to study causality, which is the whole point of this episode. I’m not saying he’s not talented…I’m saying Luck and Randomness have a lot to do with his success too.
I did not make any inaccurate statements about Buffett. You disagree with my points, but that does not make my points inaccurate.
I mention George Soros as also being very lucky too. You left him out of your comment, so my guess is you’re a fan of WB and the points I made were offensive to you.
[...] that delineated what my thoughts were about Warren Buffett. As you’ll see in the video, I have much admiration for the man, but I’ve always believed that blind love for him and Value Investing can get you killed in [...]
Martin, you didn't mention about how Warren Buffet accumulated stocks overtime through the usage of dynamic hedging. I had a mentor who was a pit trader at the CBOE, and he said that Warren Buffet was the largest options trader. He doesn't actively traded the options itself, he managed his position through a dynamic hedging. One of the guy I know teaching this strategy, has accumulated wealth through the accumulation on SBUX, and BBBY 5 years back. Most retail investors don't know the existence of this strategy, but I can't agree with you that Warren Buffet was a lucky guy.
Martin, you didn't mention about how Warren Buffet accumulated stocks overtime through the usage of dynamic hedging. I had a mentor who was a pit trader at the CBOE, and he said that Warren Buffet was the largest options trader. He doesn't actively traded the options itself, he managed his position through a dynamic hedging. One of the guy I know teaching this strategy, has accumulated wealth through the accumulation on SBUX, and BBBY 5 years back. Most retail investors don't know the existence of this strategy, but I can't agree with you that Warren Buffet was a lucky guy.