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Momentum

The Compound and Friends

CHAPTER

How MBF Works

"I was the insurance of the clearing firm for a lot of the trades that we didn't do, right? That was the greatest business because I would ensure you're trades and I got a little smidgen every time. But in terms of managing back then, when it wasn't computerized, who knew what was going on?" "We trade big enough to we trade as big as the market is," he says. 'If there's an opportunity, whether it's X, there's a position that we're going to trade to the limit'

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