Ramtin Naimi

speaker

1,391 appearances 1 recordings 1 series first heard Jul 2025 last heard Jul 2025

Ramtin Naimi’s voice in public audio — every appearance, attributed to the second.

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Invest Like the Best with Patrick O'Shaughnessy · Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435] · 29 Jul 2025 podcast

I decided that I wasn't going to go to college and I was going to start a hedge fund straight out of high school.

I got a Series 65 license, which is the license you need to start a hedge fund.

There was a local financial advisor that I spent some time with for a summer and he did PWM for some high net worth individuals.

And some of those guys saw me trading on my screen.

They're like, oh, if you start something, we'll put like 10, 15, 20,000 bucks into it.

I ended up raising a fund in January of 09.

I rolled my money into that fund, which is the largest check in the fund.

And then I raised digital $3 million from 45 individuals.

So lots of tiny checks that didn't really mean a whole lot to anybody and launched a fund in January of 09.

So timing was definitely on my side.

focused on concentrated positions and triple levered ETFs, momentum trading on high vol tech stocks, and then derivatives on those two strategies to get even more leverage on the first two strategies.

I just had no idea what I was doing, but thankfully the market was forgiving of a strategy like that, but extreme volatility along the way.

I had certain months where I was down 37%, one month that I was on 51%.

August of 2011, I remember as distinctly being one of the worst months of my life because it was the European debt crisis.

When Greece was on the crux of defaulting, I think the market had 13 consecutive down days and I was short vol.

I actually experienced why you could actually go into debt running a venture capital firm.

But thankfully, I recovered from that.

It took a few months, but that was a very, very painful month.

I was in the Bay Area, and I just kept hearing more and more about tech.

And I didn't particularly enjoy running a hedge fund.

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