John arnold has made billions of dollars as an energy trading giant. But his game rules are about to change.
Young and promising natural gas businessman
John Arrow earned nearly $654.38 billion in natural gas trading, but their rules of the game are changing.
(Fortune Magazine)-You can hear john arnold choosing his words carefully. In August this year, Arnold sat at a conference table in a boring government building in Washington, D.C., hardly fitting the image of a 35-year-old arrogant billionaire gas trader.
(Fortune Magazine)-You can hear John Harold choose his words carefully. He is attending a meeting in a monotonous government building in Washington, USA. In August, John Harold almost became a 35-year-old natural gas billionaire.
He twisted his hands and twisted his wedding ring while waiting to speak. He filled his glass, filled it again, and filled it again. Then, before he gained motivation, he stuttered a little and politely advocated some rules that would restrict others and allow him to continue doing what he did.
He twisted his hand and bow tie, waiting to speak. He filled the cup with water several times, then stammered some words and politely laid down some rules. These rules are to restrain others and let them continue to work.
For one of the least-known billionaires in the United States, this is a rare public appearance, but the risk is high. Arnold testified at the hearing of the Commodity Futures Trading Commission (CFTC).
For American billionaires, living on the streets is very rare. However, the forest farm is too high, and Harold tried to prove a statement made by the US Commodity Futures Trading Commission.
In recent years, commodity prices have fluctuated greatly-first skyrocketing, then plummeting-and federal regulators are considering drastic changes to control speculators, who are blamed by many people for price fluctuations.
Commodity prices have become very unstable, especially in recent years-at first they were sky-high and then plunged back to their original prices-and federal officials are considering changing some rules to control these speculators who make prices fluctuate abnormally.
Arnold will tell you-if he wants to tell you anything (which he seldom does)-that he is a speculator. However, he may say that this is not a bad thing. However, you can call him whatever you want-in recent years, no one has made more profits in natural gas trading than him.
Harold will tell you-he will tell you something-that he is a speculator. He might say that it is not a bad thing to want to be a speculator. But in recent years, when natural gas trade becomes a national natural gas trade, no one can get more benefits.
Centaurus Energy, his hedge fund, is located in Houston and manages more than $5 billion in assets. In its seven-year business, the return rate has never been lower than 50%.
He owns the Sagittarius Energy Fund in Houston, which holds more than $5 billion in assets and has never been less than 50% of its value in seven years of business.
It is reported that Arnold's wealth constitutes a large chunk of the fund, which will make him the second youngest self-made billionaire in the United States, second only to mark zuckerberg of Facebook (assuming you believe the theoretical valuation of the social networking company).
The play reports that Harold's wealth can build a huge fund, which makes him the second youngest self-made billionaire in the United States-ahead of him is Mark, the founder of FACKBOOK (you can believe the theoretical wealth of social networking companies).
Arnold has the mind of an economist, the experience of a senior natural gas worker and the iron stomach of a gambler on a river boat. However, perhaps the most striking thing is his incredible ability to make huge profits from a disastrous environment.
Harold has the mind of an economist, the experience of an experienced natural gas trader and a huge appetite like a gambler. Perhaps the most remarkable thing is his amazing ability to absorb wealth in a disastrous environment.
His career began as a child prodigy trader in Enron in his twenties. He survived the disaster, not only with a good reputation, but also with the highest bonus among all employees. He used the money to start a new fund.
In his twenties, he started his career as a trader in Enron-at that time, he not only escaped the disaster intact, but also provided a large bonus for his employees, which enabled him to plant a new fund.
A few years later, he made a profit of 1 billion dollars by betting that the price of natural gas would fall, while a talented natural gas trader in Amaranth made an extremely disastrous bet in the opposite direction. Recently, with the bursting of the commodity bubble in 2008, more fund managers were involved. Arnold foresaw the coming collapse and his funds almost doubled again.
A few years later, he bet that the price of natural gas would fall, because he heard that some natural gas investors made the opposite decision, which made these people suffer heavy losses; As a result, Harold earned 654.38 billion+. In recent years, some fund investors went bankrupt because of the sudden appearance of commodity bubble in 2008. However, Harold once again predicted the collapse of a mirage, and his assets quadrupled.
But now he faces the biggest test of his career. His magic depends on his ability to make huge bets. However, CFTC vowed to impose trading restrictions on the biggest players in the industry. Observers say this may be a dose of kryptonite for super traders.
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