John Arnold of Centaurus
The Globe and Mail ran an article today. The end of the article:
Michael Covel, author of a book about trading called Trend Following, said some skeptics believe successful trading is in the end all about luck, but he added, “To some degree, I think that’s somewhat disingenuous, specifically when you have some traders in business for 20 years.” In terms of how it’s done, it’s all about volatility, and there are few markets as wild as natural gas, which gyrates daily, often because of the weather. Among Mr. Arnold’s employees is a full-time meteorologist. “The good traders don’t really care if it’s natural gas or corn or some obscure Chinese stock. All they care about is if there’s enough movement and enough liquidity,” Mr. Covel said. “I’m sure Mr. Arnold is agnostic to the market. He just wants to find the opportunity. And if Mr. Arnold has the golden touch, all props to him.”
As a quick clarification, I was not referring to Arnold being in business for 20 years. He is after all only in his early thirties.
