08-02-2018, 11:52 PM
Funny scene from HBO drama "Silicon Valley", reminds me of a young Singaporean investor: http://www.straitstimes.com/business/inv...-investing
Quote:He considers a four-day position in Bumitama Agri his best investment. He bought the stock in mid-March after learning that the El Nino phenomenon would drive palm oil prices up this year.
Within four days, the counter surged from about 81.5 cents to close to 95 cents. His returns were about $675 - about 13 per cent.
Apparently, this scene is inspired by a similar move by Bill Gates: http://valleywag.gawker.com/the-peter-th...1567814812
But IMHO, the El nino story is likely pure luck (price movement in 4 days = noise) hope he didn't learn the wrong lesson.
Any buddies with similar stories to share?