Looks like Victor Niederhoffer blew up again

Recall that VN threatened Baron with litigation when Pabst reported (promptly deleted) the 2007 blowup, only for the WSJ to report it weeks later. The six buck par-put fiasco.
 
drownpruf said:
Recall that VN threatened Baron with litigation when Pabst reported (promptly deleted) the 2007 blowup, only for the WSJ to report it weeks later. The six buck par-put fiasco.
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Yeah, I remember, Surf spent days denying that VN had blown up and then when the news was out claimed that he was the first one to announce the blowup on ET.

What an act, still at it eh Surf. You keep this story in front of people and extend the thread and it does not help you buddy at all. I would bet VN would like to stay off the web and out of the press if this is true.
 
VictorBustoAgain said:
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.
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The guy is a total amateur.

He even said that trend following techniques - and technical analysis in general - are for losers.
 
My thoughts on victor.

I read the first 100 pages of his book after my boss lent it to me. I got bored of it. Who is so full of themselves they need a 1000 pages to write an autobiography? He's not Jesus nor Leonardo da Vinci.

I had a colleague who knew victor through some any rand club that victor started. Like surf, he was an admirer of victor. No one at victors level doesn't understand the blow up risks of a short vol strategy.

The size of his fund and his current net worth implies he's been taking his gains out of the fund each year. So he's not betting that he won't blow up but rather when.

I doubt he blew up. There's no evidence of it and OP is a troll. But we all know he will someday.
 
VictorBustoAgain said:
he will ALWAYS disregard risk.
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Rule number 1: Trading is all about risk management (assuming your trading system has a statistical edge to begin with, of course).

Disregard risk and you will end up in the poor house, sooner or later.

Took me a decade to understand that simple fact.
 
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