Looks like Victor Niederhoffer blew up again

[helmholtz]

Thanks Banjo.

And more people threw money at him after this? That is shocking. The Human psychology behind perception being greater than reality amazes me.

Interestingly, you are correct. There are multiple managers who have blown up spectacularly only to come back with more backing and capital than ever before. That's the way the market works. Doesn't make sense until you understand big risk equals big rewards.
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The belief is if the guy can lose huge, he can also win huge. No one likes a grinder in the big time, might as well buy Govt Bonds

 

[helmholtz]

depend on your entry point and if you exited before his bankruptcy. the client had to be his own personal market timer which was something clients try to avoid.

He has never filed bankruptcy. Stop making this crap up and spreading untrue rumors.

 

[Banjo]

t's worth noting that Niederhoffer is not important, from a capital-markets point of view. While he was being profiled by Cassidy, his hedge funds managed at most a few hundred million dollars, most of them his own. But what he lacks in size he makes up for in ego and in sheer color: Cassidy doesn't neglect to delve into Niederhoffer's personal life, which includes weekly commutes between his wife, in Connecticut, and his mistress, in New York.

http://upstart.bizjournals.com/view...08/the-third-fall-of-victor-niederhoffer.html

 

[zdreg]

Oh ok. So blowup in this case means scorched earth blow up, not like 50% draw down blowup.

So essentially the guy is net loser to his end client all said and done. A few who came out unscathed got lucky and withdrew early. The rest lost it all, does that sound right to the guys in the know here?

this is for the hero worshipers on this thread: here is the difference between neiderhoffer and the pros at goldman. neiderhoffer lost a big bet on the thai baht. goldman bought stock in a publicly traded hotel chain with real estate assets, at roughly the same time, obviously real assets and primarily in thailand. the stock 3x with in a few months.

 

[zdreg]

t's worth noting that Niederhoffer is not important, from a capital-markets point of view. While he was being profiled by Cassidy, his hedge funds managed at most a few hundred million dollars, most of them his own. But what he lacks in size he makes up for in ego and in sheer color: Cassidy doesn't neglect to delve into Niederhoffer's personal life, which includes weekly commutes between his wife, in Connecticut, and his mistress, in New York.

http://upstart.bizjournals.com/view...08/the-third-fall-of-victor-niederhoffer.html

article is seven years old. what does his wife have to do with anything?

 

[zdreg]

He has never filed bankruptcy. Stop making this crap up and spreading untrue rumors.

he bankrupted his companies through trading errors. i never mentioned personal bankruptcy.

 

[zdreg]

Thanks Banjo.

And more people threw money at him after this? That is shocking. The Human psychology behind perception being greater than reality amazes me.

there is no difference between him and a ladies man.there is sizzle and a little steak.

 

[Banjo]

article is seven years old. what does his wife have to do with anything?

It demonstrates moral character, people don't change.

 

[drownpruf]

this is for the hero worshipers on this thread: here is the difference between neiderhoffer and the pros at goldman. neiderhoffer lost a big bet on the thai baht. goldman bought stock in a publicly traded hotel chain with real estate assets, at roughly the same time, obviously real assets and primarily in thailand. the stock 3x with in a few months.

He lost the vast majority in SP puts during that time. "Premium was meant to be sold"

 

[jem]

the bottom line is that he is a talented guy in some area, including squash.
Historically bad trader when volatility comes around.