The Great AdapterQ: That must be an experience.
A: Yes [laughter]. If two years ago you said I was even going
to China, much less trading over there, I would be surprised. It’s
quite an experience.
Q: Do you find the same flaws and phobias of human nature
there or do you find the Chinese to be more disciplined in their
approach?
A: After my first trip I saw some of the traders and met some peo-
ple, and I thought, wow, what an opportunity, because I thought
these people are the hardest workers, They’re supposed be smarter
and more disciplined. You think of all that. You’re like wow, what
a great resource, what a perfect person to turn into a disciplined
trader. After about six months, I realized they are no better than
any average American kid whom I used to trade with.
Q: Human nature is universal.
A: Yeah [laughter].
Q: Now some of them I had to teach capitalism. I have a lot of
drive and passion, and I think you really just had to instill that in
them. Some of them don’t take to it well. The ones that do, and
run with it become good traders. There are some kids over there
who produce right along with me and some out produce me. So
I’m thrilled.
Q: That’s great. In China do they trade their own stock market
or do they trade Nasdaq with you?
A: No, all the U.S. equities.