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Michael Steinhardt returned 99% in his first three months - then averaged 30% a year for 29 years straight how a gambler's son from Brooklyn who got $5,300 in stocks at his bar mitzvah built one of the greatest trading records of all time and why he says his...

33,752 次观看 • 23 天前 •via X (Twitter)

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Twenty-four years ago, my father stood on a piece of land he had bought with the sweat of his brow — a modest plot, but to us, it held a big dream. We planted fig trees, grapes, peaches, olives, and even corn. It wasn’t just land... it was a piece of our heart.** We would eagerly wait for Fridays. We’d pack our things, fill the teapot, and head to the land. There, beneath the shade of the olive tree, we would laugh, eat, and dream. But in 2008, the Israeli bulldozers came. They tore down the fence, leveled the two rooms, and uprooted the trees we had grown up with. Despite the pain, we returned and rebuilt — a full floor took the place of what had been destroyed. Then came 2012, and once again, our home was damaged. We repaired it and moved back in. But safety didn’t last. In 2014, it was bombed again. We repaired it once more — as if we were trying to plant a rose in the middle of rubble. By 2019, we had built three floors with five apartments, divided among my siblings and me. But our joy was short-lived. The warplanes came and destroyed everything. We returned, rebuilt, and lived — as only those with no other choice do. In early 2024, my grandfather’s old house was hit. We said, “Thank God, we still have my father’s house to live in.” Then my own apartment was bombed. I said, “Thank God, I can still stay in a part of my father’s home.” And today... we returned to find our house — the one that had sheltered us time and again — reduced to rubble. The Israeli soldier wasn’t content with destroying it. He wrote his name on the walls and took pride in what he did. I don’t know him. I don’t know why he did it, or who told him to. But I know one thing: my father is now searching through the ruins, wondering how to pitch a tent — just a tent — so we can have somewhere to live. A tent, so we can stay here, rebuild it, and live in it once again — until we die

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This is John Arnold, the best trader you've probably never heard of Starting w/ just $8M, he grew his fund to ~$5B before retiring at 38 From 2002 - 2012, his fund compounded 100%+ a year 🤯 In 06 alone, they famously made 300%+ In 07, he became the youngest billionaire at age 32 Here's his story: "At the time when Enron went down, Enron was the largest natural gas trader. I was the head trader at Enron. And so I had a very big reputation in the business. New York Times wrote a story in early 2002, talking about the amount of money that my trading book had made in 2001, which was in excess of $600 million. And so all of a sudden, it kind of validated me externally. And so I started getting a lot of calls from people saying, Enron went down. There must be a lot of opportunity in this space. Can we invest with you? And second quarter of 2002, there starts to be a new scandal hitting the papers on Enron almost every week including on the power trading side. And so that was a very different operation than what I was doing, but it was close enough to where all the potential investors kind of stopped calling me back. Because they don't know what's going on. They don't know if my track record was real or not. They don't know if I'm going to be tied up in court proceedings for years.... When I got started in the summer of 2002, I had $8 million from 3 investors one of which was me... From 2002 to 2012, we compounded over 10 years 100%+ a year on average. We had some years that were 300%, had one year that was pretty much flat, but on average. 100% a year..."

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