Where do you think this magic sauce money generator comes from? Suddenly you have big money and BOOM you can beat the index and the typical return on capital? It doesn't work like that.

Smaller accounts have way larger returns. Particularly for traders.

I think he's having a stroke.

Better than a grease fire

If I had 200M, I'd def put it in very conservative investments.

The Edgar Wallace pub is something else. This is pure early 1970s Rotterdam ferry. Excellent collection of posters advertising cheap cigars.

That Tooth visits strip clubs is a great reveal!

Also: I did really well at poker yesterday so I bought $70 in tickets. When I win I'm going to give away an expensive laptop to one of the SMP regs.

Tried a rye beer today. Good looking beer and not offensive, but not one thing nor the other. I'll let this guy take over...

Stroke of genius maybe.

You named yours genius? Mine is called Albert.

Not a bad comeback, by the way. Your shortest post ever? Stroke for sure.

You guys are shockingly unimaginative. And you have no idea how making money in the market/business works if you are loaded vs not so much or vs loaded and lazy exploited by others that manage it.

First of all for the index to have 7% you need the winners to be way above that. So of course the winners are great ideas in action topping 10-20% per year at their early periods. These ideas can happen if you have 200 mil and not if you have 200k or 1 mil.

Yes of course i use options and have great returns on a few thousands dollar positions every time but i would be doing even better if i had to manage even more up to a point because i would make commissions (and spreads) even more irrelevant and i could afford to apply my ideas in a continued version rather than 2-3 moves per trade, one in, one out maybe 2. I could take 20 trades per cycle to exit and enter optimally.

If you have to manage 200 mil you can start by using Kelly in the following sense. You never put at risk more than 20% of your assets at a time or if you do you have hedged positions. You can target investing in IPOs before they are out. You can invest in your own ideas even. You can buy depressed value real estate and improve it and resell it. You can build homes and sell them or rent them (the biggest exploitation out there) . You can even play the post IPO market after very significant research per company the way it works ie; buy what you find and sell 90% of it when it doubles, never sell when it drops, let it go to zero if it has to and keep eternally the 10% of all your winners, triple position every time an idea drops 50% and you still have confidence in it but then stop after that and wait and always execute on profits to move to the next target.

You can target also options on many different companies instead of only a few (this means you get now a lot more buy/sell signals per month) and invest in some well selected successful companies.

If you do all this well with discipline and research you can easily beat the index. Of course you can do it because this is what a successful company does anyway or a great hedge fund if not too big. What is the % annual return of the top 10 high tech companies past 20 years? Take the worse of them in that list. Create your own company. There are unreal big opportunities in Greece right now for example. You can buy land and develop it, build a great home or fruit garden or both and then sell it at 50-100% profit. You can create solar farms even. Design the home of the future even. You can have a start up or help people from Stanford create one. How about you find the top 5 from each class in different fields and get them all together to cooperate, listen to their plans and offer them 1 mil to start some ideas they have. How do you think it all starts? If you win 1 in 10 only you are ahead if you do it with proper kelly fraction of your money. You need millions to do that properly not 1 million.


Tons of things you can do with 200 mil you cant do with less money.

When you have 1 mil what risks do you think you can take in terms of starting an idea? Its not such an easy game. Most of them fail. So you need to have a lot more to be able to defeat volatility and do it without stress.


You do not see that i am not telling anyone here to go take 10k and buy tickets. I only say that if you have great ideas in general and experience in markets you can put 100-500 in it every time you get a mega jackpot (if you put anyway constantly 500 every month on drip investing or other derivative portfolios boosting deposits) instead of using it that month (probably 1-2 times a year it happens) to buy more of the same you do every month.


What exactly is the chance good investing will take you to 200mil before you are super old? That is the only way to quickly go there. A sensible person always chases small probabilities to have a remarkable outcome if done properly and not in excessive bold ways. You can definitely enjoy big returns you cant have with less money

You want to argue that what you can do better on avg by using $500 per year in some fund? It will build a little position over time but who the hell cares for it. It wont ever change your life and the other can.


Some people can realize amazing dreams above a certain level of cash. If you have another way to get to 200 mil so quickly tell me about it.

There are other life EV objectives too. What if in the right hands 200 mil becomes 1 tril over a lifetime or creates a new world movement or paradigm? How do all these great ideas out there begin? Money helps them a lot if properly designed.

If masque doesn't win the new laptop contest I'm going to get him the best keyboard money can buy anyway.

Lets make it very clear.

I have a way to gradually create wealth that with 90% chance and great discipline will make 3 mil over next few decades and secure a good life.

Now add to that a 90% chance to reach 2.9 mil and 1 in 10000 chance to reach hundreds of millions that then often result in realizing amazing dreams and open doors of unreal experiences.

You take the 3 mil?

There are many ways to defeat the lottery by risking with better terms but nobody in their right mind will allow themselves to get there when eg they have won 100k or 200k or 1 mil.

Let me make it clear. The best realistic strategy is to take 2$ play BJ all in every time or poker eventually take it to 1000 or try indefinitely to get there and then use it all for big jackpot events.

The only thing that beats lottery in the move to 200 mil from 2$ is improving the chance you have to win with it. So create your own lottery that has better chances.

What is missed here is that life wont chance if you have a little less savings. But the world can in principle change if the right person won 200 mil. So it must be an objective at all times you have any opening for it.


If you properly invest your saving and make a little nice position you will never go all in with it. So you will rarely reach 200 mil by playing carefully. Whatever chance you have to reach 200mil by playing carefully will not be compromised because you have 5% less of that money to work with.

Now enough break for today. Back to a combination of making money and solving problems in gravity, QM and geometry lol with the 2 areas not connected to each other currently. The first makes the second possible though. 200 mil would make it a lot more possible. One day it will become obvious what truly is the priority in this world.

ITT, we learn:

- Lottery is +EV in money terms and +++EV in life terms
- You can get far better return on $200 million than you can on $10K.
- Spread decreases as you take larger size.

Good times.

Instead of genuinely giving them the benefit of the doubt?

Must be where I'm going wrong.

You bet your a$$ spread is manipulated better if you dont have to buy right f*cking here and now or sell right f*cking here and now or hedge a position rapidly (options not stock) etc! Market gives you many chances, at least it does to me, before and after i actually execute that i cant exploit often with smaller positions. So a better control of execution because you do not actually care for immediate result gets better control of the market.


Ps: If i won 200 mil (no chance if i wont pass from a store till evening) everyone here that is active enough would get 100k and top gear of laptops, and photographic, telescopic etc equipment! (the others less active but old timers here get 20k and the same gear). Its the first correct move in this. You all have something very good to offer with proper chance, probably more than most of my random non immediate relatives!

You just HAD to upstage me, eh?

I'm starting to see why Greece is up to its eyeballs in debt.

It would be much more interesting if the poster collection were advertising cheap women. I hope they have updated their beer selection and are not stuck in the early 1970's. I remember that time well, in fact the whole loathsome decade. Not as bad as the 80's but then what decade was?

Pub gets decent reviews. I see it is near Somerset House. Need to visit both places.

Reviews-Edgar_Wallace-London_England

How many severed human heads* can you fit into a gunnysack that would normally be loaded with 100 lbs of corn?

thefree/dictionarygunnysack

*Average size.

Never mind, you mean loose corn not corn on the cob.

Every decade except the 60s and the booming 20s.

Source: someone who's lived barely 3 decades.

Yes because if someone won 200 mil and used it to fund their own physics dept and paid 300k per year for 10 top professors to teach endlessly all they know to 30 top grad students and post docs without ever having to publish anything unless it was a discovery for real it would be such a loss of value. Endless regular reasonable tests to maintain quality offered at all participants


Total luck of imagination guys. If then that group had as part time job to create applications of tangible value and share 10% of their profits with the group there is fat chance we would ever run out of money without first having delivered amazing value.

How do they pick up publishing experience and peer-review experience if they're not publishing? Do top professors enjoy teaching or want to teach? In my observations, no.

How would you attract top 10 professors when they probably don't do this for the money to begin with? Would they move their whole families just to work for you in some specific location?

And it's a lot easier to do well with a small operation. Keeping it small and manageable is not.

As a denizen of Las Vegas, I'm going to have to disagree with your first statement.

Your b) is a decent rule of thumb for those who have no ability to read and interact with their fellow humans.

One more than the previous record holder to avoid being labeled as a showoff.