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How Many Trade the Macro Trends?

Here are the top earners for 2005:

1. James Simons $1.5 billion - Renaissance Technologies
2. Boone Pickens $1.4 billion - BP Capital Management
3. George Soros $840 million - Soros Fund Management
4. Steven Cohen $550 million - SAC Capital Advisors
5. Paul Tudor Jones $500 million - Tudor Investment
6. Edward Lampert $425 million - ESL Investments
7. Bruce Kovner $400 million - Caxton Associates
8. David Tepper $400 million - Appaloosa Management
9. David Shaw $340 million - D.E. Shaw
10. Stephen Mandel $275 million - Lone Pine Capital

You can’t make this kind of money with short term in and out trading.

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