Looks like Victor Niederhoffer blew up again

[Brighton]

Tale b is an a**shole. I've known the guy since 2000.

I wonder if he's happy or if he's carrying around a lifelong grudge because

a) he hasn't made the super-mega bucks and people of markedly less intelligence have, and,

b) now that he's an acadmic/intellectual/essayist/thinker, or whatever it is he calls himself, he's still not at the heights of "the academy" and he's probably never going to win a Nobel prize, which of course has been bestowed on many smaller minds.

I watched a long talk (YouTube) given by Taleb and Nobelist Daniel Kahneman, and as Taleb entered the stage, the first thing he did, and continued for the next five minutes (it seemed), was complain about the lights. Kahneman just sat there, bemused.

 

[Pekelo]

How and the hell do you blow up on a 3.5% market down move ?

I am telling you it is hogs. Even our RM lost a shitload when trying to short them, making it his first bad call. They are up like 45% since early February....

 

[JamesVU2000]

Rumor at one of the big houses is that Victor Niedderhoffer blew up again for the third time. This time with personal funds, as well as a trust his wife had. Pretty sad, but not totally unexpected.

I remember checking out his site last year, and this senile old bat has some crazy inane nonsensical ramblings. Just brutal to read. I always wondered how he kept up the high living, and now we know that his wife had some serious coin that came her way by inheritance.

I wonder if he will have the guts to come clean. He has never admitted that his methodology is wrong. He trashes Buffett whenever he can, too...lol. He thinks that the only ones who can profit are the ones who take the most risk, so he will ALWAYS disregard risk. In fact, he actively searches out risk.



Shame on you, Victor! Thankfully your parents aren't around to see this. I know your father was a hardworking man who would be turning over in his grave if he knew the schemes you were involved in, all because you didn't want to do an honest day's work. Disgusting.

He cannot short and he doesn't use TA to find support and resistance. Hope this is not true.

On a risk adjusted basis Taleb has been outstanding

 

[JamesVU2000]

His twitter updates last 3 days has him buying spoos all the time

 

[smallStops]

...

How and the hell do you blow up on a 3.5% market down move ?

I assume he was naked short puts but to blow up he had to be leveraged way beyond reality.

he never thought of the downside.

 

[OddTrader]

Rumor at one of the big houses is that Victor Niedderhoffer blew up again for the third time. This time with personal funds, as well as a trust his wife had. Pretty sad, but not totally unexpected.
...

Shame on you, Victor! Thankfully your parents aren't around to see this. I know your father was a hardworking man who would be turning over in his grave if he knew the schemes you were involved in, all because you didn't want to do an honest day's work. Disgusting.

The good thing is he can always keep some personal funds for next round. lol

 

[Visaria]

The greatest living speculator and the the father of statistical arbitrage.

A trader among academics, and an academic among traders---- Thank you for posting the video.

Soros, Tudor Jones, Dalio, Steinhardt, Kovner, Druckenmiller et al would be on the list for greatest living speculator. Vic Niederhoffer would be on the list of failed living speculators tbf.

I recall having to correct his statistical inferences which had no merit some years ago. I've posted on the forum somewhere about it. The man lacks method as Taleb once wrote.

helmhotz (surf), i admire your loyalty to the man. Unfortunately, in terms of trading and speculation, your loyalty does you a disfavour.

 

[helmholtz]

Soros, Tudor Jones, Dalio, Steinhardt, Kovner, Druckenmiller et al would be on the list for greatest living speculator. Vic Niederhoffer would be on the list of failed living speculators tbf.

I recall having to correct his statistical inferences which had no merit some years ago. I've posted on the forum somewhere about it. The man lacks method as Taleb once wrote.

helmhotz (surf), i admire your loyalty to the man. Unfortunately, in terms of trading and speculation, your loyalty does you a disfavour.

VN is a tiny minnow swimming with the likes of the palindrome. But over all he has returned far more to his investors than he lost.

 

[helmholtz]

Tale b is an a**shole. I've known the guy since 2000.

He has treated me decently in my few conversations/meetings.

Here's a review of his book party---

http://www.dailyspeculations.com/wordpress/?p=1386

 

[Visaria]

VN is a tiny minnow swimming with the likes of the palindrome. But over all he has returned far more to his investors than he lost.

Is there a need for you to talk like him as well? Can u not be your own man?