Trading Systems and Market Updates — Leon Cooperman
Posted by David Bean on
When comparing different types of investments, we like to look at the numbers. We asked the question, "How do we compare buy and hold statistics to automated trading system statistics?" I made this video last week and then after I made the video I nearly fell out of my chair when Leon Cooperman of Omega Advisors admitted that "Billionaire investors didn't get rich by using index funds". He did a great job of making my point below that active management or short term trading is a better approach in the long term. Here is the link to the interview. We...
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- Tags: algorithms, futures trading, Leon Cooperman, money management algorithms, portfolio results