ludoonchart
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Finance Researcher Building educational content on Wall Street markets | @zscdao
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Warren Buffett was asked if anyone could turn $10,000 into $15 million using Ben Graham's principles: "yes, if they didn't try and do too much the first week, it requires patience which a lot of people don't have" "why doesn't everybody do it?" he answered - "because people would much rather be promised that they're going to win a lottery ticket next week than that they're going to get rich slowly" this is him explaining why he doesn't care if the stock exchange closes for two years, why he refuses to buy high-tech companies he can't predict, and what he says is the single biggest trap for investors in volatile markets "if your stock goes down 10% and that upsets you, it means you think the market knows more about the business than you do, and in that case, you're the patsy" "if you're in a poker game for 30 minutes and you don't know who the patsy is, you're the patsy" bookmark & watch this video below
ludoonchart110,205 Aufrufe • vor 9 Tagen
Ron Baron thinks saving your money is the stupidest thing you can do "regular guys keep their cash in a bank hoping to make 4% - but the government prints money so fast that your savings lose half their value every 10 years" "normal people trade every single day trying to make a quick buck - we find one absolute monopoly, put a billion dollars into it, and wait 15 years" "when everyone on wall street laughed at Spacex we didn't care - we gave them $700 million, completely ignored the news, and watched it become a $200 billion company" watch him explain why he never keeps his money in cash
ludoonchart893,936 Aufrufe • vor 2 Monaten
why Ron Baron makes billions while most people lose everything when asked how he turned a little money into $40 billion by just ignoring the news - he dropped the cold truth: "guys stare at screens all day trying to guess what happens next - we buy a company and literally don't look at the price for years" "when tesla crashed in 2019 everyone in finance panicked and sold - we didn't care at all, kept all our shares, and made $4 billion" "regular guys sell the second a stock drops a few bucks - we buy a good company and just leave it alone even when everyone is freaking out" Baron didn't make $40 billion by guessing what happens tomorrow. He made it by just sitting on his hands and doing absolutely nothing while everyone else panics bookmark and watch him explain how he actually plays the game
ludoonchart515,732 Aufrufe • vor 2 Monaten
this is an old interview with Alex Karp, but it proves exactly why he won: "if you want something to really work, something really complicated, you cannot hire people who are motivated by a paycheck. they have to live and breathe it." back in 2009, long before going public, early shares were valued at $0.35. they have since pulled more than a 70x return. Karp got there by doing the exact opposite of the silicon valley playbook most founders try to monetize on day one. they build a weak product, hire a massive sales team, and focus entirely on squeezing cash out of early clients Karp spent three years building with zero revenue. he refused to hire a single salesperson. instead of chasing a quick payout, his team focused entirely on solving an impossible technical problem if you chase the money first, you attract mercenaries. if you build around a massive idea and demand absolute obsession, you build an edge that no competitor can copy stop optimizing for short-term revenue. build something undeniable, and the market will eventually have no choice but to pay you bookmark and watch the archive interview here
ludoonchart308,695 Aufrufe • vor 1 Monat
Ken Griffin's ultimate rule for survival is brutally simple when asked how Citadel survived a near-death experience in 2008 to become a $60 billion empire - he dropped pure reality: "we lost 50% of our capital and our flagship fund was down $8 billion - that's when you realize your textbook risk models mean absolutely nothing" "when you are bleeding $500 million a week you don't survive by having conviction - you survive by aggressively protecting cash" "today we execute 20% of all US volume - we don't hold losers praying for a bounce, if the math breaks, we liquidate immediately" Griffin didn't build Citadel by predicting the future. He built it by completely removing human emotion and ego from the equation when the market collapses. bookmark and watch him break down the reality of risk
ludoonchart483,758 Aufrufe • vor 2 Monaten
Nassim Taleb built his fortune by realizing that to survive wall street, you must be perfectly comfortable looking like an absolute idiot speaking to microsoft's top engineers, he shared the exact math from 1987 that built his empire: "it started with the crash in 1987. i realized that if you position for a massive 20-sigma event, your portfolio is so mathematically convex that you could literally wait 400 years for it to happen again, and you would still be okay" "so i told myself i will only specialize in extreme events. you sit there and wait 3, 4, 5 years. everybody on the trading floor tells you you're an idiot. they tell you you're not profitable" "and then suddenly the crash happens. the crowd blows up, they completely disappear, and you take absolutely everything" watch his full 1-hour microsoft masterclass on the math of extreme risk
ludoonchart420,134 Aufrufe • vor 2 Monaten
Ron Baron believes that trading for a quick 20% gain is the fastest way to stay broke "most guys buy bonds or keep cash just to feel safe making 4% - we have never owned a single bond because paper currency is designed to lose its value every day" "the crowd buys a stock with a 3-month plan and panics at a 10% drop - our minimum holding period is 10 years, because that is how you turn a million into a billion" "regular traders obsess over next week's chart patterns - we only care if the founder has the drive to double the size of the business every 5 years" Baron didn't build a $40 billion fund by guessing the next trend. he built it by finding generational monopolies, backing great founders, and doing absolutely nothing for decades watch him break down his exact investment strategy
ludoonchart436,110 Aufrufe • vor 2 Monaten
David Tepper explained what actually builds your career in the markets. and it's definitely not a perfect track record talking to students, he was straight up: your success just depends on how you bounce back from taking a hit "if i go through my career, it was a lot of disappointments. there's a lot of things that didn't go right. but that's not what's gonna define you. what's gonna define you is how you recover from those things and how you move on. you just never stop." another solid lesson from Tepper is about staying true to yourself. when he was at Goldman Sachs, the head of M&A told him to buy a stock that was on the firm's restricted list. Tepper just flat out refused to do the trade. because of that, the guy killed Tepper's chance of making partner later on. but he has zero regrets: if someone tells you to do something sketchy, just don't do it, even if it hurts your career the takeaway: the markets will inevitably punch you in the face. the key is not to get stuck, learn from it, and keep moving forward bookmark and watch the full talk here
ludoonchart325,530 Aufrufe • vor 1 Monat
David Tepper on why he left Goldman Sachs: "i left Goldman Sachs. i was thinking about going to another wall street place. i didn't want to do that. that was crazy. after you work on wall street, it's a choice: would you rather work at Mcdonald's or on the sell side? i would choose mcdonald's over the sell side." the whole point of the sell side is pitching other people's ideas and living off commissions without risking your own money. for Tepper, that’s just noise and sales, not investing the real game is having skin in the game. if you aren't betting your own capital on your own calls, what’s the point? he’d rather flip burgers than go back to working for fees. bookmark and watch the full talk below
ludoonchart309,153 Aufrufe • vor 1 Monat
Ken Griffin just explained exactly why you keep losing money when asked how Citadel made the biggest profit in wall street history during the 2022 crash - he exposed the cold truth: "in 2022 the market crashed 20% and regular investors got wiped out - we didn't panic, we just ran the math and walked away with $16 billion in pure profit" "people sit at home drawing lines on charts hoping to guess the next big trend - we spend $1 billion a year on computers that execute 7 million trades a day" "we don't care if a company is good or bad - we execute 20% of all us volume every single day just scooping up the pennies that retail traders drop out of fear" Griffin didn't build a $60 billion empire by predicting the future. He built it by exploiting the fear and greed of regular people with cold, ruthless speed bookmark and watch him break down the reality of the game
ludoonchart381,608 Aufrufe • vor 2 Monaten
Barry Sternlicht on how to actually catch massive runners: "pay attention to the big themes because that's what will help you earn ten times your money." most guys get chewed up by the daily noise. they stare at the 1 minute chart trying to scalp pennies, fight algos, and burn their brains out on random chop the big guys do not trade the noise. they trade the actual trend Sternlicht made his money by zooming out. instead of fighting for scraps, he looks for huge market shifts where the big money has to go over the next few years you do not get a 10x return by clicking buttons all day. you get it by finding a massive wave before the crowd wakes up, sizing up, and just sitting on your hands stop trying to outsmart the daily chop. find the big theme and just let it run bookmark and watch him break it down here
ludoonchart253,677 Aufrufe • vor 1 Monat
David Tepper on why you never fight the money printer: "i don't love the us markets on a value standpoint, but i sure as heck won't be short... you can't be short anything." most guys love to play the hero. they see a chart that looks overbought, read some doom threads, and step right in front of a moving train just to prove they are smart they will sit there in a massive underwater short, paying heavy fees, while central banks literally print cash and hand it to buyers Tepper built his track record on knowing when to step aside. he knows that when governments push easy money into the system, you do not overthink the valuations when the liquidity taps turn on, you do not stand in the way. you either buy the cheapest assets on the board, or you just stay out stop trying to short a market that is floating on free cash. do not fight the fed bookmark and watch the archive here
ludoonchart236,681 Aufrufe • vor 1 Monat
In this rare interview, John Templeton was asked when is the exact right time to sell a stock, after building one of the greatest investment track records in history: "when you find another share that is a 50% better bargain in relation to its true value, you never sell except when you find something else much more attractive" "why did you move your office 1,000 miles away to the Bahamas?" - "because if you want to have an investment performance better than other people, you must not buy what other people buy, and being far away makes it easier to be different" this is him explaining why share prices only hit true bargain levels under the force of desperate selling, how he funded his way through Yale playing poker against classmates, and why common sense and self-control matter more than intellect "investing at the point of maximum pessimism is the only way to get a true bargain, but it requires buying what everyone else is desperately selling" "happiness is not an end, happiness is a process, you become happy as you try to do things that are useful and worthwhile" bookmark & watch this rare interview below
ludoonchart38,516 Aufrufe • vor 8 Tagen
David Tepper on the classic trap of trading against liquidity: "i'm constructive because of the easing right now but i'm also miserable because of the levels. nothing's cheap anymore... but i'm not fighting the fed." a lot of traders blow up their accounts by trying to short all-time highs. they look at overheated sectors, see insane multiples, and bet on a crash just because things look way too expensive Tepper’s logic explains why that's a mistake: liquidity always beats valuation the market can be completely detached from reality, and a bubble can stay stretched way longer than you can stay solvent. if central banks are pumping money and cutting rates, fighting that momentum is just financial suicide your logic might tell you the prices are stupid. but the ultimate rule of survival is simple: never stand in front of the money printer bookmark and watch the talk below
ludoonchart207,609 Aufrufe • vor 1 Monat
Paul Tudor Jones on the real secret to surviving the market: "i'm always thinking about losing money as opposed to making money. don't focus on making money, focus on protecting what you have" in this interview, Jones explains why defense is the most important part of the game. the pros know that if you just focus on not losing money, the profits will take care of themselves. they never let a bad trade blow up their entire account. if the setup is wrong, they cut the loss immediately and move on stop treating your portfolio like a lottery ticket. protect your downside at all costs and the upside will handle itself bookmark and watch the video below
ludoonchart145,733 Aufrufe • vor 1 Monat
George Soros on why having too much conviction is a trap: "for others, the mistake is a source of shame. for me, admitting mistakes is a source of pride." most traders treat their positions like a religion. they marry a thesis and defend it to the death. when the chart actually goes against them, they feel embarrassed Soros is famous for putting on massive trades and then violently reversing them a day later if the data changes. he has zero problem contradicting himself. he never cares about looking stupid to the public if your self-worth is tied to your market analysis, you will freeze when it's time to cut a bad trade. you'll make up excuses just to avoid the sting of being wrong treat your ideas as disposable. the second a setup is invalidated, kill it and move on. pride doesn't pay the bills. flexibility does bookmark and watch the 1998 interview below
ludoonchart171,984 Aufrufe • vor 1 Monat
in 1996, a young options trader named Nassim Taleb realized that the smartest financial engineers on wall street were actually building massive ticking time bombs to explain why the smartest minds on earth were guaranteed to eventually go bankrupt, he used the brutal reality of the thanksgiving turkey: "think of a turkey that is fed by a butcher every single day. for 1,000 days, the turkey’s statistical models prove with absolute certainty that the butcher is his best friend and the system is perfectly safe" "then, the day before thanksgiving, a single unexpected black swan event happens. the turkey's entire historical data becomes completely useless, and his entire existence goes to zero in a split second" "you can fool yourself with complex risk formulas, but you can't fool reality. the crowd trades exactly like the turkey-they collect daily pennies, feeling secure because a crash hasn't happened recently" "we engineer our capital to be the exact opposite. we assume every standard model is a lie, and position our portfolio to print absolute millions when the illusion of safety finally breaks" Taleb didn't survive decades on the trading floor by trusting academic formulas. he survived by assuming the worst, dropping his ego, and betting heavily against the turkeys watch his legendary 1-hour masterclass at google breaking down the absolute illusion of risk
ludoonchart191,360 Aufrufe • vor 2 Monaten
Vegas banned him. So he wrote an algorithm, moved to Hong Kong, and extracted $1 Billion from the betting crowd. As this Bloomberg documentary shows, Bill Benter didn’t guess. He mathematically exploited the public's emotional mispricing. Today, millions of dollars are being extracted from Polymarket using this exact same framework. While the crowd trades on "vibes," algorithms are siphoning the pool. Bookmark this, then read the 77-year-old math framework below to build your edge
ludoonchart291,794 Aufrufe • vor 3 Monaten
Paul Tudor Jones on the simple math of winning: "i can actually be a complete imbecile. i can be wrong 80% of the time, and i'm still not going to lose" in this interview, Paul Tudor Jones explains the real secret to surviving the market: only taking trades where the upside is massive compared to your risk. when you make 5 times what you risk on a trade, you can literally lose five times, win just once, and still break even. the pros do not care about ego or win rate. they cut their losses fast and let their winning trades run to the moon stop trying to be right every time. focus on how much you make when you win bookmark and watch the video below
ludoonchart94,276 Aufrufe • vor 1 Monat
George Soros on the illusion of predicting the market: "financial markets are usually unpredictable. so one has to have different scenarios. the idea that you can actually predict what will happen contradicts my way of looking at the market." retail traders are obsessed with being prophets. they draw a hundred lines on a chart, convince themselves they know exactly where the price is going, and marry their analysis. when the market inevitably does something else, they freeze. their ego won't let them pivot, so they just hold and hope until they get liquidated the guys who actually pull money out of the market don't predict a damn thing they don't care if the chart goes up, down, or sideways. instead of trying to outsmart the future, they build a system of reactions. they map out every possible scenario in advance, so when the market makes a move, they don't have to think, panic, or feel. they just execute the math trading isn't about having a crystal ball. it's about being so adaptable that you can extract profit no matter how wrong your initial guess was bookmark and watch the video below
ludoonchart116,274 Aufrufe • vor 1 Monat