Why the Crowd Loves a Long Shot
Crowds consistently misjudge probability — and that creates rare opportunities for traders who know where to look…
Founder, The Opportunistic Trader
Larry Benedict is a 40-year trading veteran. Starting from the pits at the Chicago Board Options Exchange (CBOE), Larry grew his skills until he was running a world-class $900 million hedge fund – where he regularly traded position sizes in the millions of dollars. He even went 20 years without a single losing year… putting his hedge fund in the top 1% of Barron’s rankings.
That’s because, from 1990 through 2010, Larry’s hedge fund never had a single losing year. (It wasn’t until 2011 that he had a losing year, and even then, the fund was down less than 1%.) In 2008, when the financial world was in upheaval, Larry and his partners had their best year ever, making $95 million for their clients.
Now though, Larry fully devotes himself to bringing his trading secrets to everyday investors – with actionable, profitable options plays and other top-level strategies that made him a massive success.
Crowds consistently misjudge probability — and that creates rare opportunities for traders who know where to look…
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