InvestorQ : Are there any such examples of mercenary trades?
rhea Babu made post

Are there any such examples of mercenary trades?

3 years ago

One of the greatest traders of all times, Stanley Druckenmiller was a perfect example of a mercenary trader. No doubt, his fund returned over 30% for 30 years in succession. One of the most outstanding examples of a mercenary trade was his bet against the British pound in 1992. The trade was bold, the risk was measured, it was a change of tack and the fund had bet a substantial portion of their capital on the trade. Not surprisingly it earned $1 billion in 1992. So much for mercenary trades!

For a mercenary trader it is the outcome than the process that ultimately matters. This is best summed up in “Zen and the Art of Motorcycle Maintenance”. To live only for some future goal is shallow. It is the side of the mountain which sustains life, not the top. Here is where things grow. But of course, without the top you cannot have sides. For at the end of the day, it is the top that defines the sides. That precisely talks about a typical mercenary trader’s need to focus purely on the final outcome. The outcome matters and the means are not too important. Of course, you need to get your process right.