Breaking news: Niederhoffer still in business after market correction!

Thunderdog · Jun 5, 2006

Regarding your comment to marketsurfer:

Quote from archimedes:

...And you have a deeper well of weirdly blind devotion than some Mormons and Jehovah's Witnesses I've come across.

You may or may not know that this "well of devotion" reaches the ubiquitous Larry Williams, who marketsurfer regards as a masterful trader of unquestionable integrity. Perhaps that adds a bit of perspective.

And as for your assessment of VN, I think it is spot on. I have read both of his books, and I have yet to understand what nuggets of wisdom readers have taken away with them. True, VN has more money than I will ever see, but I don't hold in high regard the manner in which he got there. I would be disinclined to play smash-up derby with either my own capital or anyone else's.

marketsurfer · Jun 5, 2006

Quote from Thunderdog:

Regarding your comment to marketsurfer:

You may or may not know that this "well of devotion" reaches the ubiquitous Larry Williams, who marketsurfer regards as a masterful trader of unquestionable integrity. Perhaps that adds a bit of perspective.....

you are misspeaking regarding my views on LW.

masterful, highly skilled trader--- yes.

unquestionable integrity--- no idea.

surfer

Thunderdog · Jun 5, 2006

Quote from marketsurfer:

you are misspeaking regarding my views on LW.

masterful, highly skilled trader--- yes.

unquestionable integrity--- no idea.

surfer

http://www.elitetrader.com/vb/showt...=marketsurfer integrity williams&pagenumber=1

Quote from marketsurfer:

...BOTTOM LINE--- williams is legit, is a fantastic trader, and is a super nice guy.

surfer

Perhaps I am missing something?

marketsurfer · Jun 5, 2006

Quote from Thunderdog:

Perhaps I am missing something? [/B]

yes, the ability to read in context.

surfer

moo · Jun 5, 2006

How long can permabull-Victor last in a bear market?
I'd guess he blows up again within 18 mths.

Thunderdog · Jun 5, 2006

Quote from marketsurfer:

yes, the ability to read in context.

surfer

And that concludes another fine performance by the ever slippery marketsalamander.

drsteph · Jun 5, 2006

Quote from marketsurfer:

roy niederhoffer is vic's brother.

he runs a very succesful fund in NYC.

http://niederhoffer.com/NDF/General/Index.php

best,

surfer

Well, that's embarrasing. The two just looked so different back then that I assumed they were not brothers.

Shows you how much I know.

Johnny Walker · Jun 5, 2006

marketsurfer · Jun 5, 2006

Quote from Johnny Walker:

<a href="http://tinypic.com"><img src="http://i6.tinypic.com/11tboyh.jpg" border="0" alt="Image and video hosting by TinyPic"></a>

and we all thought cramer was a mad man.

great photo!

surfer

Rearden Metal · Jun 5, 2006

"There is no genius without a touch of madness"

~Seneca

Quote from archimedes:

Not only that, but VN confirmed this in his own book, Education of a Speculator. There is a beach anecdote, Soros is warning him, telling him to watch out for the waves, telling him he is going to get pulled under. that the waves were too big for him. I guess Niederhoffer thought this was funny.

Then there is the Yen story, where Vic brags about taking his fund to the brink of death, envisioning himself as Hemingway's Old Man & The Sea as he watches the screen for three days, waiting for a handful of ticks to blow him out. He survives within an inch of his life, goes home a complete wreck, and somehow thinks this is a cool story, that this is a story to inspire his investors and show his speculative manhood. Moron.

He telegraphed the blowout in his own book. It was written on half the pages. I'm telling you, the guy has loose wiring. Maybe some weird complex involving his parents, or something that happened in the Brighton Beach squash tournament.