I haven't finished re-reading the new market wizards since I've been brushing up on my Excel skills, but I wanted to post about some of the returns of these guys.
Nothing really exciting on the markets. My portfolio finished up and LB had a great day (up a little over 8%).
I also bought a suit today for $340, ouch! Although I'm sure that's probably cheap compared to other suits. Anyways, it's a Ralph Lauren and I think it looks nice. I might put up a pic of it later on. I'll pick up the suit on Sunday, since they have to fix a few things (I'm a bit on the tall side).
The one thing that has been on my mind: the job I'm interviewing for has some crazy hours. I don't mind working many hours, but the schedule for this job (for certain days) will be around 5:30am to 6pm. The starting time will always be 5:30. I'm not exactly the morning person! I can go by on 4-5 hours of sleep, but for working I'm used to getting up around 5:30 not being at work!
As for right now, that's the least of my problems: I need to get the job first!
Some Market Wizard Returns (stocks, options, currency, and futures)
Randy McKay: He started his account at $2k and in seven months was up to $70k. He had his first million dollar year after his second year of trading!
William Eckhardt: Since 1978 to the time of publishing, he averaged better than 60%/year with only one losing year.
Monroe Trout: During a five year period his average return was 67% and he was profitable in 87% of all months
Al Weiss: His average annual return exceeded 29%/year and the most he has lost in a year was 17%
Stanley Druckenmiller: Since taking over the multi-billion dollar Quantum Fund he averaged over 38% in his first three years.
Richard Driehaus: For the 12 year period since 1980, he averaged an annual return in excess of 30%!
Gil Blake: In his first twelve years of trading he averaged a 45% annual return. In this time period he never had a year with a return below 20% (his worst year was a 24% gain!).
Victor Sperandeo: Up till 1990 he had 18 consecutive winning years with an average annual gain of 72%.
Blair Hull: He started with $25k in late 1976 and by the start of 1979 had multiplied his stake twentyfold. He then averaged roughly 100%/year in the years after 1979.
Very impressive results; something to aim for!