I have a verified track record of %220 since 2017. How do i get a job?
The Sharpe ratio of my returns is 5:1 and has a market cap of $1billion in maximum asset allocation. I'm not familiar with the lingo here. I merely just spent 11 years studying everything about George Soros and Warren Buffets investment styles. How do i use this to become a pm?
Go to prestigious uni. Get into HF. Your talent will show. You'll become PM in no time. Then leave to start your own fund.
Why would you want a job
Because i had to sell because of health costs. But if i had a job i can get benefits and still win/win.
.
what’s been your top holding/strategy?
idk what that means
lol I mean dude I get that you're not familiar with the "lingo", but this is just basic english
So you’re not familiar with the lingo. But you know what a sharpe is but not a not holding / strategy?.
hmmmmmmmmmmm
This question comes up every few months, and I always try to be kind, cause even if the questioner is clueless, well, we were all clueless once. But here, I find it hard to believe that someone A) knows what a sharpe ratio is, but B) doesn't know how improbable 10:1 sharpe on a billion dollars is. Pretty sure you're trolling us, so sure, I'll troll back. :-)
You said you spent 11 years studying George Soros and Warren Buffet, and now you want to know how to get a job? Well, seems like the obvious path -- just send George or Warren an email ([email protected] or [email protected]) mentioning your 10:1 sharpe and 220% returns. They're always looking for new talent, and your results sound very impressive, so I'm sure they'd be in touch to schedule an interview pretty quickly.
If you don't hear back from them within a week or so, then maybe broaden your search to the second tier shops (for instance, try emailing your details to [email protected] or maybe [email protected]) and work there for a year or two to build up some experience, and then try again with Soros and Buffet. Good luck! And after you get the job, don't forget to pay it forward to the next person on WSO who is looking for a break...
Thank you
Are these emails legit? Idk man… I kind’ve deserve it. I’m willing to die for this. Nothing else. But the reason I need a job is while that is the max allocation. My initial investment capital was peanuts. I also sold my biggest position to pay for surgery months before the calls went in the money. I fell in love with 1 stock at .51 cents and it went to $61 in 10 months.
Sure, lots of professional traders will put a couple percent of their book into "lottery ticket" bets each year, and occasionally you get lucky with a big windfall. It feels great when it happens, and you're entitled to brag a little bit. But don't fall into the trap of telling yourself that bet was skill or that you could do it again consistently. A 100x return in ten months is just wild luck.
Always remind yourself -- Wall Street has hundreds of thousands of people who are just as smart as you, and their firms have far more resources than you do (entire teams of PhD quants, personal connections with important people that border on insider knowledge, market color knowledge about trades you don't know about, they spend tens of millions of dollars annually on data and computing resources, etc etc). Always ask yourself, do you really believe you are such a genius that you single-handedly figured out a winning strategy that the rest of wall street missed? If so, then good for you. :-) But be willing to consider the alternative.
Walk into Citadel's main lobby, with your audited returns.
How do I “audit” my returns? Do I get them stamped by the irs? Or?
Audited returns mean an auditing firm like Ernst & Young or KPMG. But that's for already established hedge funds, nobody expects you as an individual who's trying to get a job to hire an auditing firm.
You could bring a broker's statement to the interview with you. But honestly, even if your trading strategy really is successful, nobody will believe it if you don't have experience working at another hedge fund already. You can certainly mention it in your interview, though, and the interviewer won't believe you have a real strategy, but you might convince him that you're smart enough to be able to come up with one if they hire you and give you access to their training and resources.
Like this?
OK, I suspect you're trolling, but just on the off chance you're not...how did you compute that 10:1 sharpe ratio if (in your own words) you "don't know the lingo"? Did you get that number from a broker statement or something? Or did you write your own program to calculate sharpe? Assuming you wrote your own, where did you get the estimates of risk to use in the formula?
Yea, whatever the max drawdown vs the net performance is what is extremely high in my track record. I think it’s actually called gain to pain ratio. Aka timing?
Oh, that's not the same thing as sharpe ratio at all.
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