How good one performs is only a small part of what I am talking about. Although, VN has an admirable record in the markets even with the large losses at the end, his real contribution are the 10 plus very successful 100 mil plus fund managers who have come from his stable. Other than Julian Robertson-- I don't think any other Hedgee can claim this. In addition, the guy teaches what he knows on his site. Can't think of another real player of his size that does that. Add in the athletic ability for a geeky professor type and it equals American hero even with the flaws. surf
22 things you need to know about trading from Vic Niederhoffer
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How good one performs is only a small part of what I am talking about. Although, VN has an admirable record in the markets even with the large losses at the end, his real contribution are the 10 plus very successful 100 mil plus fund managers who have come from his stable. Other than Julian Robertson-- I don't think any other Hedgee can claim this. In addition, the guy teaches what he knows on his site. Can't think of another real player of his size that does that. Add in the athletic ability for a geeky professor type and it equals American hero even with the flaws. surf
Are you kidding? No , I guess not. You are completely off base and further identifying that you really don't know the business. Geez, you are worrying me more that you maybe teaching a child your story. I grew up in the world you seem to aspire to. My pop said, no dice make your own way. I am no where near that life, but am still working for it. My kids have yet to go on a vacation more than 500 miles from home, and I still show up to work, trade every day. You are a fake and a fool. I really wish clowns like you would quit getting responses, but here I am responding.
Everyone here, please make one last response to this guy and never respond again to his stupidity.
Cripes what a tool!
Quote from Pekelo:
My hero is Karen...
But seriously, she doesn't use big words, humble, survived 2008 with a similar strategy, keeps making money and donates to charity. What's there not to like?
What's her last name? Does she exist off the TOS soundstage?
surf
The world I aspire to? what world is that? I only know of one. Otherwise, I fail to see any sense or reason in your diatribe--- I am a fake and a fool for pointing out facts? Show me where I am wrong rather than the gonzo hate vibe---- Don't be a hater, self or or to others.
What am I missing, perhaps another ET'r can tell me. thanks, surf
Oh, I get you do understand my "diatribe", and you are a perfect example of a "hanger on". I offer no hate. I only offer the facts that you are one of many phonies who use the internet to promote themselves and I wish more people would nail you and others to the wall and end such stupidity.
http://www.bloomberg.com/news/2013-05-03/jeff-vinik-s-hedge-fund-to-return-investors-money.html
jeff vinik, knows how to do it.
jeff vinik, knows how to do it.
VN is a sharp guy and a great squash player but he's a degen gambler. He had a ton of stat-models which showed some edge, but as soon as he took a hit he would resort to selling skew in teenies and made no attempt to hedge in futures. Of course it wouldn't have made a difference as you cannot hedge your gamma in futures when you're selling naked 1000P at $3 with SP at 1400.
Going all-in on a naked index put is simply irrational. He's damn lucky that he got $20MM back from the CME.
Soros alluded to it in his book; that he was selling premium from very early in his career.
Buffett did a similar trade and lost many billions, but at least he sold ATM and he did it OTC.
"Do as I say... not as I do"
Going all-in on a naked index put is simply irrational. He's damn lucky that he got $20MM back from the CME.
Soros alluded to it in his book; that he was selling premium from very early in his career.
Buffett did a similar trade and lost many billions, but at least he sold ATM and he did it OTC.
"Do as I say... not as I do"