Andrew Krieger Michael Marcus Warren Buffett is an investor who is the third richest man in the world He had a net worth of $ 842 billion (2019) Warren Buffett donates $36 billion to Gates and family charities He serves as the chairman and CEO of Berkshire Hathaway Warren Buffet owes his fortune to his investments and especially to his perspective of profitability in the long term He has a vision of the financial markets over time and invested his money in what he understands and what he knows, besides he decides to invest when a market or an action is really cheap and it anticipates a strong rebound of the course to come, it is here what differentiates Warren Buffet of some particular traders who try to copy it but do not manage to its interesting results It turns out that a lot of traders tend to say that they invest like Warren Buffet in the long run
But they are mistaken about this notion since some of them will seek to make profits over several weeks or months while Warren Buffet will aim for a rebound of the course on 1, 2 or even 5 years, before taking profits, something that is unable to do the majority of individual traders in search of quick profitability.
Buy when no one wants to buy This is Buffett’s first advice, that is to say, to buy and invest in stocks when they are not worth much In 2008/2009 some bank stocks totally collapsed Warren Buffett was quick to buy them en masse because no one else wanted to buy, the banks then exploded upwards allowing him to rake several billion dollars Buy a solid company that will bounce I never invest in something that I do not understand In 2001–2002 there was the crash of technology stocks and Warren Buffet who had stood out of this market did not see his portfolio affected
Richest Forex Traders Bet on the long term We are not aiming for profitability after a few months, but we are aiming for several years (Warren Buffet still has shares that he bought in the 80s’ and that he still has in his portfolio, for example, Gilette or Coca-Cola).
Invest a portion of your portfolio on an investment idea Warren Buffet advises to invest 1% to 2% of his portfolio on a promising company whose activity is very low if successful some investors will win the jackpot and conversely even if the company goes bankrupt this represents only 1 / 100th or 2 / 100th of the portfolio We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful Price is what you pay Value is what you get Rule №1: Never lose money Rule №2: Never forget rule №1 It takes 20 years to build a reputation and five minutes to ruin it If you think about that, you’ll do things differently It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price One Thousand Ways to Make $1000 Invest Like a Billionaire Warren Buffett Talks to MBA Students Warren Buffett on Business Back to School A graduate of the London School of Economics (LSE), George Soros has set incredible records in financial markets For example, he is known to have made $ 1 billion in profits in a single day from a simple transaction in the Forex market
This man was stigmatized in the press for being the one who “blew the Bank of England ”.
This American trader of Hungarian origin has indeed earned $ 11 billion by speculating against the pound sterling and pushing it out of the monetary system George has written a lot of forex books and is also a remarkable philanthropist who has donated more than $ 32 his philanthropic agency, Open Society Foundations he had a net worth of $8 billion (2019) Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes Stock market bubbles don’t grow out of thin air They have a solid basis in reality, but reality as distorted by a misconception Never let your losses run or trade without a stop loss The Age of Fallibility The Crisis of Global Capitalism Soros on Soros The New Paradigm for Financial Markets In Defense of Open Society The Tragedy of the European Union Financial Turmoil in Europe and the United States My Philanthropy The Alchemy of Finance Stanley Druckenmiller Richest Forex Traders began his career in the financial sector as an oil analyst for the Pittsburgh National Bank He graduated from “Bowdoin College” Stanley Druckenmiller multiplied the jobs before working for George Soros himself in 1988, he also had an important role in the case of the one who blew up the Bank of England After 12 years of trading and management for the “Quantum Funds” fund, Stanley Druckenmiller left the company and developed the hedge fund “Duquesne Capital Management” which was also one of his great successes allowing him to appear today in Forbes ranks 124th among the richest people in the United States with a fortune estimated at $ 44 billion The way to build superior long-term returns is through the preservation of capital and home runs When you have tremendous conviction on a trade, you have to go for the jugular It takes courage to be a pig Once you make a lot of money, it’s incredibly enjoyable to give it away It’s a way to satisfy the soul Everyone sort of lives with their rulers in the past and doesn’t look at coming changes Bill Lipschutz was born in New York and during his studies, he always excelled in mathematics, he was a brilliant student who succeeded in each of the subjects taught by his teachers In 1982 he had his university degree in finance Regardless of academics, Bill had a certain pleasure for reading and especially for books dealing with stocks and the Forex market During his studies at “Cornell College” (University of Liberal Arts in Iowa) before graduating in finance, Bill Lipschutz invested $ 12,000 in the stock market, in just a few months he had transformed his initial capital in excess of $ 250,000 thanks to his knowledge acquired on the stock market However, he then saw his profits melt like ice in the sun given the unstable stock market nature of his time, so he decided to turn to a form of trading that he considered more stable forex trading To date, Bill Lipschutz is a known forex trader in the financial sector for generating more than $ 300 million in this market in a single year He was formerly Global Head of Foreign Exchange at Salomon Brothers Bill Lipschutz’s net worth is unknown but he was viewed as one of the Top Richest Forex Traders
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.
I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time You have to figure out how to make money being right only 20 to 30 percent of the time Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on Some people say, “I was only playing with the market’s money” That’s the most ridiculous thing I ever heard Bruce Kovner is best known as the founder and former president of Caxton Associates , a macro-hedge fund he led from 1983 to 2011 In 2016, Kovner retains his role as president of CAM Capital, a private equity firm that he has created to manage his own assets and those of other senior employees of the company Kovner is a self-taught billionaire and a philanthropist who is particularly interested in the performing arts Kovner was born in 1945 to a Jewish family in Brooklyn, New York In 1953, Kovner moved with his family to California, where his father worked as a mechanical engineer Kovner excelled as a high school student and athlete and won the presidency of students at the age of 16 After high school in 1962, he returned to the East to study at Harvard University as part of an academic scholarship After graduation, Kovner embarked on a long period during which he struggled to find a way forward He began a PhD program at Harvard’s John F Kennedy School of Government but left before completing his thesis He studied piano and harpsichord at the Juilliard School in New York and worked on political campaigns with little effect In 1973, Kovner married and started driving a taxi During this period, he was introduced to the commodities market and developed a keen interest in its operation Kovner studied markets the night after work He made his first merchandise trade in 1977 with $ 3,000 of his MasterCard Its initial investments have been successful and its funds have grown to more than $ 20,000 He never looked back Kovner started working as a merchant in the late 1970s, under the direction of Michael Marcus of Commodities Corporation, which is now a subsidiary of Goldman Sachs Kovner has a proven track record of being an insightful and disciplined trader who has made a lot of money for investors
After six years with Commodities Corporation, he resigned and created his own hedge fund, Caxton Associates, in 1983.
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The fund quickly gained notoriety for its pioneering approach to a global hedge fund strategy that seeks to capitalize on global macroeconomic trends invest in a mix of currencies, stocks, bonds, options, futures and other related instruments In 28 years as president of Caxton Associates, Kovner led the hedge fund to earnings in all years except one, 1994, when the fund declined by 25% The fund’s overall annual returns averaged 21% during Kovner’s tenure, exceeding the 11% annual gain of the S & P 500 over the same period The cumulative gains of the fund were more than $ 12 billion for the period Although his retirement from Caxton Associates in 2011 May have reduced his visibility and influence as an investor, he continues to exert considerable influence through his philanthropic activities He donated $ 60 million to fund a scholarship program at the Juilliard School Kovner also funds scholarships and provides funding to support chartered school programs in New York In 2016, Kovner sits on the board of the American Enterprise Institute, a political organization dedicated to expanding personal freedom and free enterprise in the United States He had a net worth of $ 5
2 billion (2019).
Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature Risk management is the most important thing to be well understood under trade is my second piece of advice Whatever you think your position ought to be, cut it at least in half If you don’t work very hard, it is extremely unlikely that you will be a good trader The first rule of trading — there are probably many first rules — is don’t get caught in a situation in which you can lose a great deal of money for reasons you don’t understand Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose Born in 1954 in Tennessee, USA, Paul Tudor Jones studied at the University of Memphis where he chaired one of the fraternities Following his degree in economics, he began working on the financial markets in 1976 by being hired by E F Hutton After two profitable years, he decides to apply to Harvard but believes that eventually, the school will teach him nothing useful to practice the job he loves Instead, he founded Tudor Investor Corporation
Paul Tudor Jones is known to have predicted and benefited from Black Monday.
Black Monday refers to Monday, October 19, 1987, when all the world markets suffered a huge correction That day the Dow Jones lost nearly 23% The causes that led to this disaster are various: the strong fluctuations of the dollar since 1985, the moral hazard due to a system of insurance on the risk of the portfolios as well as the beginnings of the automation of the operations of trading which would have had an effect of amplifying the variations of the values Shortly before the crash, through technical analysis and analysis of historical data from the S & P, Paul Tudor Jones came to the conclusion that the market was going straight into the wall In order to take advantage of it, he has massively shortened US stocks With a drop of more than 22% in a single day for the Dow Jones, Paul Tudor Jones has earned in one day more than 100 million dollars I’m always thinking about losing money as opposed to making money Never focus on making money, focus on protecting what you have Don’t be a hero Don’t have an ego Always question yourself and your ability Don’t ever feel that you are very good The second you do, you are dead I always believe that prices move first and fundamentals come second The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge First of all, never play macho man with the market
Second, never overtrade.
Andrew Krieger graduated from the “ Wharton Business School ” and became a well-known trader when he sold the New Zealand NZD (“Kiwi”) for $ 600 million About $ 1 billion when he decided to exit the market is just over $ 300 million in profit he earned on behalf of “Bankers Trust” for which he worked in 1987 Andrew Krieger is Also a trader who worked for George Soros and his investment fund in 1988 This trader is also a philanthropist who donated over $ 350,000 to help the victims of the 2004 Indian Ocean tsunami Andrew Krieger’s net worth is unknown but he was viewed as one of the Top Richest Forex Traders Michael is a commodities trader who, in less than 20 years, is reputed to have turned his initial $30,000 into $80 million His net worth is unknown but he was viewed as one of the Top Richest Forex Traders
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