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#71
06-22-2007, 07:07 PM
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Re: $1.4 Million Day
You obviously dont know anything if you think Henry sucks.
And btw give me a heads up when you know of other good investments. We could have fun simultaneously (obv not for the same amounts though) 
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#72
06-22-2007, 07:22 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] Jesus, for those who don't get it: Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? [/ QUOTE ] Classic example of people who already have money basically not doing a damned thing and amassing more fortune. What a scam capitalism is. [/ QUOTE ] except the part where he risked $2,000,000
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#74
06-22-2007, 08:04 PM
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Re: $1.4 Million Day
Instead of shipping me any monies, could you send me a pm on how to get started in successful investing as you do. Sort of like the feed a man a fish or teach a man to fish thing. Thanks.
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#75
06-22-2007, 08:12 PM
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Re: $1.4 Million Day
[ QUOTE ]
Instead of shipping me any monies, could you send everyone a pm on how to get started in successful investing as you do. Sort of like the feed a man a fish or teach a man to fish thing. Thanks. [/ QUOTE ]
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#78
06-22-2007, 10:06 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] [ QUOTE ] What a scam capitalism is. [/ QUOTE ] What's the better alternative? [/ QUOTE ] LOL at a poker player condemning capitalism! The height of absurdity. The scam is is not capitalism per se, but collusion between the bankers and government. Of course, if the public doesn't bother to educate themselves, they are to blame. It's just like poker--an aggressive player will run you over until you start playing back. At this point the bankers are running over the taxpayers because the taxpayers are hypnotized slaves who are not fighting back. What is required is an overhaul of the entire government. Don't vote for any Democrat or Republican, period. Only vote for candidates that are financially independent (i.e. can't be bought). And stop paying taxes. The transitional solution is a balance between Libertarian + Green. America needs to go into detox for its war addiction. Does capitalism = war profiteering? Not necessarily, but it's all we see in our history, so it appears capitalism can only be a scam predicated on slavery. Game theory is sticky. Competition is good within a cooperative framework. Competition and cooperation are not mutually exclusive. They are interdependent. Social Darwinism is a radical misinterpretation of Nature and leads to poor outcomes for 95% of the global population. If we treat the economy only like a poker game, then just 5% of the people will be winners, and we all lose when this happens because we are not separate. [/ QUOTE ] I wish I were more educated about these things so I could raise more hell and help break out the guillotines, but unfortunately I have an illness that has made that difficult. Stay the course bro there are more of us than you know. The day will come when those selfish souls who subjected so many to the tyranny of the plutocracy will reap the rotted fruits of their iniquitous labors.
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#79
06-22-2007, 10:13 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Jesus, for those who don't get it: Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? [/ QUOTE ] Classic example of people who already have money basically not doing a damned thing and amassing more fortune. What a scam capitalism is. [/ QUOTE ] What's the better alternative? [/ QUOTE ] A gigantic asteroid.
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#80
06-22-2007, 10:22 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Jesus, for those who don't get it: Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? [/ QUOTE ] Classic example of people who already have money basically not doing a damned thing and amassing more fortune. What a scam capitalism is. [/ QUOTE ] It doesn't seem like you're understanding that he actually did something. [/ QUOTE ] He did nothing but speculate on an outcome and trade fortunes with another degenerate. He created no new wealth. He provided no service, saw to the manufacturing of no product, labored to discover nothing useful or novel, tendered no aesthetic or uplifting experience for anyone other than himself and a few idiots in here who think they'll profit by emulating his reckless wastrel ways.
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