A real baller trader - from phone to Porsche
I know theres a lot of you out there wanting to be traders, desperately gobbling up anything and everything you can find to appear as if you have an understanding of how the markets work at those interviews...well fellas, guess what - trading is not about regurgitating LIBOR rates in front of a inattentive VP, its about instincts. It's about understanding how business works.
And here's a 17 year old kid who seems to be a born trader - he started out with an old cellphone and kept trading up on Craigslist till he ended up with a Porsche. Now thats some real ballin' tradin'
Unfortunately, what he did is not new. A guy a few years back started with a paper clip and traded it all the way up for a house.
Who cares if its new.... He executed and got a porsche- give credit where credit is due
That's an HBS essay if I ever heard one.
This dude is my hero.
ive completely traded myself into the biking game. starting with just about nothing, ive craigslisted my way (buying an upgrade and then selling the original thing for more)to a >$1000 road bike (bianchi giro on racelites) and >$2000 mountain bike(cannondale team optimo) (retails, approx.), plus a baller fuji singlespeed and bikes for my family. Last summer i moved 15 bikes through my parents garage. I'm a complete craigslist addict, i literally cant go a day without checking it and im probably checking it atleast once an hour. I'm actually going to pick something on craigslist at 4:30 after work hahah.
everyday im hustling...
Haha, best song ever!
For real though...this is just some kid that was slightly motivated and had time on his hand...not some genius savant.
In fact, I read an article that said he took a loss ($5k or $6k) just to get the Porsche so he could be the only student at school to have one. That's not a smart decision, not to mention that he has to get rid of it because he can't afford the repairs and maintenance on the $9k Porsche and said that he would get something more practical like a "Cadillac Escalade" lol.
So again, I don't see where there is genius at work.
Regards
The guy is a legend. IB interview?
Reason for the "more practical Cadillac Escalade" switch according to the article? High gas costs....what?
Yeah he probably should've stuck with the Bronco...
How does this happen?
I read an article on this story about a week ago and have been monitoring Craiglsist since to see how realistic this is. Maybe it's just the Chicago Craigslist that is fairly dead, but in the barter section there is absolute crap. The best things available are crappy old boats and crappy old golf carts.
blong, where do you live? How did you get started? The concept sounds very interesting, but I'm not sure I see it realistically happening.
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