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yes he had losing years, which i think many don't realize. also there were others besides him that were not successful and ended with large losses.
there is another cautionary tale of speculating on future outcomes. two noble prize winners in economics, started a hedge fund and investors saw it as a "safe bet", if you will, that they would get handsome returns...the end of the story, the hedge fund went broke. one can read about it in a book titled "when genius failed, the rise and fall of Long Term Capital".
Last edited by acorn54; 02-23-2019 at 08:34 AM.
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