Every year Warren Buffett has lunch with the highest bidder for a charity auction. This made me think, if you could have lunch with any trader of your choosing (alive or dead) who would it be and why?
I’d pick Jesse Livermore because he’s the ultimate retail trader. A lot of hedge fund managers today became billionaires because they’re managing other people’s money which slowly becomes their money through management fees. Livermore did it all himself and made a killing. His ability to independently make himself wealthy is what traders genuinely aspire for and that’s why I’d prefer to meet him over the guys who 2 and 20ed their way to affluence.
I’d pick Jesse Livermore because he’s the ultimate retail trader. A lot of hedge fund managers today became billionaires because they’re managing other people’s money which slowly becomes their money through management fees. Livermore did it all himself and made a killing. His ability to independently make himself wealthy is what traders genuinely aspire for and that’s why I’d prefer to meet him over the guys who 2 and 20ed their way to affluence.
