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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • Pressure Makes Diamonds  0 comments
    Apr 7, 2011 10:42 AM

     Prior to taking this job I was working in banking where I received a salary, benefits, paid vacations, the whole nine yards.  Now I am in a business where my pay check lies solely on the profits I make for the firm.  Most people ask me how do you do it? Aren’t you nervous about not making money? The answer is no, if your nervous about making money in this business please stay away. Being nervous will cause you to make stupid mistakes because your are more focused on not losing rather than winning. In a psychological business you must be prepared for the worst, but never expect the worst. For me I treat this business much like a sport. When the game is on the line I want the ball in my hands. Instead of a game on the line it is money and there is no obstacle to stand in my way. The pressure lies on you!  If you feel that you’re not one to perform well under pressure I suggest you stay away. This is the type of business that weeds the weak out quickly. Yes your going to lose money, but what really matters is what happens after that. Do you get up and continue to fight and win or to you give up and leave defeated. Personally, I hate losing and will not be defeated by the market.

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