Most Successful Speculation Ever PRINT THIS PAGE RESIZE TEXT by Addison Wiggin – May 2, 2011 "Bleeding America to the point of bankruptcy": Bin Laden dead, but the world's most successful leveraged bet lives on Dollar's bin Laden bounce doesn't last long… Abe Cofnas on the next big event to move currency markets "There are no investments anymore"… Doug Casey on how we're all being forced into speculation Mad grab for local tax revenue sparks revival of the "granny flat" "Wow, can I do that too?" readers react to a drug-and-bank corruption thread The man who executed the most brilliant leveraged bet in history is dead. "We, alongside the mujahedeen," Osama bin Laden was reported to have said in a speech delivered a few days before the 2004 presidential election, "bled Russia for 10 years until it went bankrupt and was forced to withdraw in defeat… "So we are continuing this policy in bleeding America to the point of bankruptcy." Al-Qaida pulled off the Sept. 11 attacks for somewhere in the vicinity of $500,000, according to the final report of the 9/11 Commission. By the end of fiscal 2011, the U.S. government will have spent $1.26 trillion fighting the wars in Afghanistan and Iraq, according to the Center for Defense Information. A total equal to nearly 9% of the national debt. "Every dollar of al-Qaida defeated a million dollars, by the permission of Allah, besides the loss of a huge number of jobs," bin Laden added in his 2004 speech. We don't know if Allah really gave his permission or not. But he certainly had plenty of help from eager participants across the West. Based on the figures above, bin Laden pulled off a 2,514,000:1 return. And that's just versus U.S. interests. When you figure in costs beyond direct war, the number is incalculable. Throw in the post-9/11 homeland security bureaucracy, for example, or the covert wars in Yemen and Somalia, future health care costs for wounded veterans, interest on the portion of the national debt that can be attributed to these costs… Makes you wonder why those students from George Washington University were cheering in front of the White House: Land of the (somewhat less) Free: Party now, pay later… Nor does it mean that just because the bad guy's dead the spending stops, the troops come home and the TSA is disbanded. Far from it. This morning, the State Department warned of "enhanced potential for anti-American violence" worldwide. Security's been beefed up at the New York airports. And so… bin Laden's leveraged gains keep piling ever higher.
The 15 Best Things Paul Tudor Jones Has Ever Said About Trading "The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge." "Intellectual capital will always trump financial capital." "The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE's?" (P/E is price to earnings ratio.) "Every day I assume every position I have is wrong." "Losers average losers." "There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market." “You adapt, evolve, compete or die.” "Trading is very competitive and you have to be able to handle getting your butt kicked." "If trading is like chess, then macro is like three-dimensional chess." “The whole world is simply nothing more than a flow chart for capital.” "Failure was a key element to my life’s journey." "Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt." “After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference.” “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms." "At the end of the day, the most important thing is how good are you at risk control." TraderPaul Tudor Jones.... http://video.sina.com.cn/v/b/114542530-1500481971.html
Lessons In Fiat Reality: "Why I Learned To Trade Less And Love The Farm" Submitted by Tyler Durden on 10/21/2012 13:22 -0400 Demographics Jim Rogers Reality Stephen Diggle is one of the least well known (except to his clients) and yet most successful hedge fund managers over the past decade - having made around two-and-a-half billion dollars during the financial crisis - but in the last few years, he came to a dramatic (and we hope enlightening for many) perspective. This fascinating presentation, in his own words, discusses "how , having made that fortune trading, came to conclude that wanted to preserve the real value of that fiat money windfall, had to get away from trading and buy, own, and operate real assets with real cashflows." - most specifically farms. From being ridiculed as a 'Cassandra' in the mid to late 2000s, Stephen's conviction then that the world was heading for a crisis was as high as his conviction now that in order to ride the wave of global central bank intervention and the implicit macro-economic waves that will crash on every shore in the forthcoming years, that farmland (preferably diversified) is the best risk-reward 'trade' in the coming decade . An intriguing tale of reality and un-greed and everything you need to know about agriculture (from demand to demographics and from fiat-debauchment to interventionist policies) but never knew to ask. An inspiring and insightful brief presentation that offers more depth than any Jim Rogers' mini-clip on CNBC. Inflationary concerns... and macro drivers... The 'real' price of land (in USD)... and in Oz of Gold... Probably the most famous proponent currently of investing in farmland is Jim Rogers , who remains among the most prescient of investors; unfortunately he is offered neither the time or space to detail this view among the mainstream media. We hope Stephen's presentation provides all the color needed to comprehend this global macro view. (h/t Grant Williams) Average: 4.642855 Your rating: None Average: 4.6 ( 14 votes) Tweet Login or register to post comments 17607 reads Printer-friendly version Send to friend Similar Articles You Might Enjoy: Rogers: "Volume Is Not Going To Come Back. We've Had A Great 30 Years. That's Finished!" Guest Post: Two No-Brainer Ways To Play Rising Food Prices For Marc Faber The Iron 'Ore' Lady Has Sung Marc Faber Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders The Commodity Matrix: What Is The Resource Of Tomorrow, And Who Will Benefit From It?
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