Ever heard of a Japanese loner named Takashi Kotegawa? The hermit turned his college part-time work savings, the yen equivalent of $13,000, into over $150 million in 8 years. The most expensive things he has bought recently, circa the video, are two Nintendo Wiis and he only eats cup ramen.
http://caps.fool.com/blogs/check-out-this-japanes…
The Mizuho trade disaster helped him out tremendously though. Watch the youtube videos of him (AKA BNF trader), even if you don't know any Japanese it's clear how eccentric he is.
Man, that's crazy. He looks like an insanely boring person to talk to -- definitely good that he does his thing alone. I wonder if he considers himself to be "happy?"
You say eccentric, I say autistic.
trading savant
Judging from the video, it doesn't seem to be the case that he looks at charts or level II's. Strange.
Reminds me of a modern Japanese Jesse Livermore.
I would really like to sit down with him and discuss the things hes doing/his strategy.
It kind of reminded of that scene in Limitless when he starts to trade lol.
220% average annual growth rate, HOLY SHIT
impressed but wouldn't want to be him
$150MM, well there are some days I don't have it in my wallet ;-)
The best trader I have ever met was almost identical to this guy with respect to personality. He was completely emotionless for the majority of the time, and when he did show emotion, he was more or less an asshole. Thanks for this upload.
What good is making nearly dynastic wealth like that if you're going to eat ramen and 'ball out' by purchasing two wii consoles....
His condo is super baller tho
He says he doesn't do it for the money, that it's simply a game for him. He actually bought a massive office building with half of his wealth because he realized that he couldn't trade in the style he does with such a large amount of money. Notice that in the video he also bought $7mm of Lehman Brothers after it tanked, expecting the company to recover:
http://www.youtube.com/embed/2LEmIOR521o
He also decided to wait out the bottom of the recession (probably because he was traumatized by what the Japanese call "LEE-MON SHOCKKU"), so he didn't make much gains since. At his peak his net-worth was $200mm and actually $150mm is where he has fallen to and I don't know if he is still trading full-time in recent years.
This guy and another lone trader are mostly famous in Japan for being loners and accomplishing this, as extreme social withdrawal is on the rise as the economy stagnates. It's a vicious cycle of culture and economy: http://en.wikipedia.org/wiki/Hikikomori http://en.wikipedia.org/wiki/Parasite_single
^Thanks for the info [quote=Putz]http://en.wikipedia.org/wiki/Hikikomori http://en.wikipedia.org/wiki/Parasite_single[/quote] Disagree with ^ and the underlying assumptions of the articles. Context dependant, can have a positive connotation as well:
The first phenomena was called a hermit in eras past. Saints, thinkers, and artists went through periods of seclusion: http://en.wikipedia.org/wiki/Hermit
Especially where life revolves around the family business, all members often live in close proximity if not the same dwelling. Younger members were not necessarily free from responsibility or expenses, and in agricultural societies children are a source of wealth - they work the farm. Examples: http://en.wikipedia.org/wiki/Kibbutz http://en.wikipedia.org/wiki/Cooperative_farming
Agree with you though, the economy is taking its toll on people trying to be independant.
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