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Video Interview: Charlie Munger (May 9th, 2019)

Charlie Munger

Charlie Munger speaks with Yahoo Finance for an interview with advice on investing and life choices that make a person wealthy.

He is often referred to as Warren Buffet’s right hand man. Over the years the two of them have become business partners on investments. Although he is famous for working with Warren, he runs firms of his own and is a chairman of Costco wholesale.

As of March 2019, Munger is estimated to be worth 1.8 billion according to Forbes Magazine.

The Trading Space

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Video Interview: Ray Dalio (March, 2016)

Who is Ray Dalio?

Ray Dalio is a legendary investor and founder of one of the largest hedge funds in the world.

He wrote a book called Principles that I read and highly recommend checking out! Especially if you have anything you’d like to get better at or are starting a business, his advice for it is clear and thoughtful.

“Central banks will get so desperate they will give money away” is a excerpt from this video and man was it accurate. Ray Dalio predicted the future in 2016 because know we have billions of dollars worth of negative yielding debt.

The Trading Space

This isn’t my video — only one that I linked to my website as to create a collection of important, notable, interesting financial information.

The goal of The Trading Space is to create a space where people can spend less time looking for helpful and relevant information. People can come here expecting to spend less time browsing and more time learning.

Interested in my content? Follow these links to start learning!

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Video Interview: Stanley F. Druckenmiller (September 6, 2018)

This is an interview by Kiril Sokoloff with Stanley Druckenmiller.

Who is Stanley Druckenmiller?

Born in Pittsburgh, his parents divorced in middle school. He went on to study English and Economics in college. Later, dropped out of his third year of a graduate Ph.D program for economics because it was “too theoretical” and accepted a position as an analyst at Pittsburgh National Bank in 77’.
Later in 88’ he worked under George Soros and Quantum where they famously “broke the Bank of England” when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits.
He left Quantum after taking huge losses in tech and focused on his own Hedgefund, Duquesne Capital Management, which posts an average annual return of 30 percent without any money-losing year, for 30 years.

“If you’re extremely confident, taking a loss doesn’t bother you,” Druckenmiller told author Jack Schwager about what he learned from Soros.

“Soros is also the best loss taker I’ve ever seen. He doesn’t care whether he wins or loses on a trade. If a trade doesn’t work, he’s confident enough about his ability to win on other trades that he can easily walk away from the position. There are a lot of shoes on the shelf; wear only the ones that fit.”

The Trading Space

This isn’t my video — only one that I linked to my website as to create a collection of important, notable, interesting financial information.

The goal of The Trading Space is to create a space where people can spend less time looking for helpful and relevant information. People can come here expecting to spend less time browsing and more time learning.

Interested in my content? Follow these links to start learning!

Connect to my LinkedIn:

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Video Interview: Steve Cohen (November, 13 2018)

Who is Steve Cohen?

Steve Cohen, the legend with Glenn Fuhrman: On Investing, Philanthropy and Art .

In 1978 after graduating from Wharton for Economics, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co.. His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.

In 1992, Cohen started S.A.C. Capital Advisors with $10 million of his own money, and another $10M from outside capital.
As of 2009, the firm managed $14 billion in equity.
For years Cohen ran SAC Capital, one of the most successful hedge funds ever.

In 2012 Steve Cohen was forced to shut down SAC Capital after the firm pleaded guilty to insider trading charges that cost Cohen $1.8 billion in penalties. He was banned by the SEC to manage “outside” money until 2018.

Investing morality aside, Cohen’s real-life results are undeniable. He was the third highest-earning hedge fund manager of 2012 when he personally made $1.4 billion.

In 2018, he recently founded Point72, and new hedgefund with currently 13 billion in assets under management. He made 700 million this year and still has one of the best track records ever for returns on assets.

The Trading Space

This isn’t my video — only one that I linked to my website as to create a collection of important, notable, interesting financial information.

The goal of The Trading Space is to create a space where people can spend less time looking for helpful and relevant information. People can come here expecting to spend less time browsing and more time learning.

Interested in my content? Follow these links to start learning!

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Video Interview: Stanley Druckenmiller (June 3rd, 2019)

In this video Stanley Druckenmiller is featured interview at The Economic Club of New York. Interesting points addressed include: the effects of quantitative easing, issues with calculating GDP (considering technology) and current Liquidity in the global market.

Stanley Druckenmiller

Personally, he is one of my favorite hedge titans. Historically he has seen lots of success in Pig positions with George Soros. But generally, he isn’t seen as a pig and I’m sure with all of the experience he has gained that has changed.

Personally, I really like his demeanor during interviews. He seems calm, cool, collected and thoughtful in every response.


The interview starts at 5:20.

The Trading Space

This isn’t my video — only one that I linked to my website as to create a collection of important, notable, interesting financial information.

The goal of The Trading Space is to create a space where people can spend less time looking for helpful and relevant information. People can come here expecting to spend less time browsing and more time learning.

Interested in my content? Follow these links to start learning!

Connect to my LinkedIn:

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Video Interview: James Simons (March 6th, 2019)

This interview is about quantitative investment strategy, career of the Trading Legend, James Simons. He is a mathematician who altered the game of trading. BIG TIME.

His Life

He went to MIT for a Mathematics undergrad, and UC Berkely for a Ph.D in Mathematics. He discovered the Chern-Simons secondary characteristic classes of 3-manifold and was elected to the National Academy of Sciences of the USA. Later, he worked for the National Security Agency (NSA) to break codes, then taught mathematics at MIT.
Most importantly, he then went on to found Renaissance Technologies in 1982 and currently has $110 billion in Assets Under Management.

Importance:

He is often said to be the best money manager in history.

With a +71.8% avg return on assets from 1994 until 2014 (which is bizarre to think that if you were able to invest 1M in his fund, you’d make 710K in a single year, before fees, for doing nothing — after fees however, you’d probably only see a 35% return which is still stunning. Accounting for the 35% return, if you invested 1M in 1994, you’d have turned it into 400M in 20 years, or an avg of 20million a year, for zero work. Assuming you knew him, and had the credit available to get lended 1M, which actually isn’t that hard, this isn’t some possibility that is out of the relm of reality. The hardest part is having the exclusivity to-then lend his/or a similar fund your money especially since you’d be lending such a small amount of money. Still a cool idea nonetheless).

Recent Feat

He had a hedge fund personal income of 1.6B in 2018 which was the highest of that year, followed by Ray Dalio at 1.26B.

Both guys incredible at what they do and have a HUGE impact on education in the US , by creating insightful educational videos or donating absurd amounts of money to educational programs and working to get higher qualified teachers in high schools — particularly for mathematics. Which, I find pretty cool since I personally spent a decent amount of time studying mathematics at CU.

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