Friday, March 12, 2010

June 24, 2009

John Henry

John Henry and Mr. Volatility have many things in common. For more of the scoop on John, read this article: Red Sox Owner Gets 91% on Oil After Striking Out on $3 Billion.

“Henry started his Financial and Metals Portfolio in 1984. Two years later, it gained 61 percent; in 1987, when the Dow Jones Industrial Average tumbled 23 percent in one day, the fund soared 252 percent.”

“If he bets on a position and the market moves against him, he bails, taking a small loss. When he’s right, he holds on for gains.”

“‘We’re right 38 percent to 40 percent of the time,’ he explains. ‘The key is how much money is allocated to the winning trades.’”

Peace


Categories: trading

4 Comments »

  • Mr. V - I’m admittedly a bit of a newby in the investment world, but trying to absorb as much as possible. I was wondering how your emerging put strategy and Crash of 2009 discussion, referenced in your 6/23/09 post, squares with the Jeremy Siegel article about the Dow hitting 10K in ‘09. Thanks for any thoughts you’re willing to share on this….

    Comment by JP — June 24, 2009 @ 10:29 am

  • It is right and good you share your wisdom Mr. Volatility. To give is to love and to love is to live.

    Comment by Su Kim — June 24, 2009 @ 11:52 pm

  • Mr. V,
    You are the one who started this ball rolling in Miami, I owe you half a sandwich for a lunch sometime (remember?). Love your site.
    http://www.bostonwealth.net/2009/06/25/sp-500-update/

    Comment by katzo7 — June 25, 2009 @ 2:06 am
  • Mr. Volatility

    I do remember. I hope to be back in Miami soon. Lots of waves in Miami as in the markets. Opportunity abounds.

    Comment by Mr. Volatility — June 25, 2009 @ 11:45 am

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