Ron Baron put $1.7 billion into SpaceX while it was private - it turned into $15 billion
he just placed a billion dollar order at the IPO and said "10 trillion, 20 trillion, 30 trillion and I could be very low"
he started with $100 million in 1992, made his clients $61 billion in profit when he was a kid he drove an ice cream truck, now the president of the NYSE comes to him for advice
"I pushed all the chips to the center of the table to be tied to the most successful man on the planet, clearly risky, but that's my game"
"never bet against the guy with superpowers who would never give up"
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He spent 21 years as an options trader, made a fortune betting on the crashes that destroyed everyone else
then wrote the book that predicted the 2008 financial crisis before it happened
when he was a rookie on the trading floor, a veteran grabbed him and said:
"you see that guy? he made $7 million in 7 years and lost it all in 7 seconds okay kid, now you can go"
"one day of your life as a trader will represent 98% of your total variation and it is not predictable"
"banks make, make, make small, everybody thinks you're smart then you lose everything and it was 'a bad environment' banks lost in 2008 more than the entire history of banking, and of course they kept their bonuses"
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