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of stocks within a new landscape or new economy. What will be new to them is an inevitable bear market."

BEING THE BEST.

Henry loves competitiveness. He says he is motivated by being the best at what he does. Yet he acknowledges that no one can be the best all the time. "I know the markets will ultimately decide that, but to see your ideas tested in the real world is energizing over the long term."

He says he could have managed his own money as a speculator, but he wanted a business and he wanted it as a profession. He also wanted a simple organization where the goal was best returns, not necessarily being the largest.

Net Performance [%] Financial and Metals Program

1984

     9.90*

1985

  20.70

1986

  61.50

1987

  252.40

1988

    4.00

1989

  34.60

1990

  83.60

1991

  61.90

1992

–10.90

1993

  46.80

1994

  –5.30

1995

  38.50

1996

  29.70

1997

  15.20

1998

    7.20

1999

–18.70

2000

  12.90

Compound average annual return

  29.33

*Trading started in October 1984.
The timing of additions and withdrawals materially inflated 1987 rates of return. The three accounts that were open in 1987 achieved rates of returns of 138 percent, 163 percent, and 259 percent.

BASEBALL PASSION

In addition to his futures trading business, Henry owns a recording studio and has one in his house as well. During college, he played in a band as the bassist.3

Henry is also a big supporter of the Democratic Party. In addition to making large contributions, he hosted a dinner for President Clinton at his home in 1997.

But baseball is his passion. In October 1998, Henry bought the Florida Marlins from Wayne Huizenga for $150 million. He had owned a 1 percent share of the New York Yankees since 1991. Having been involved with the Yankees for almost a decade, he says he has seen upwards of 150 games per year.

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