Did you check if Victor was still alive?
Naederhoffer SUES the CME
- Thread starter highlifejoker
- Start date
Did you check if Victor was still alive?
I don't pay attention much to his daily youtube channel, but last I checked in the last few weeks or so he's around, he just doesn't make that many appearances lately.
Yes I checked on Wikipedia. He's 78, still alive! Wonder if he won his lawsuit or not though.
This is atypical lawyers making a case to rack up billable hours. Justice is for those that can afford it in America. The CME has more money so they will probably settle out of court if the case becomes long and protracted.
If you are going against the club bring a club
Akuma
If you are going against the club bring a club
Akuma
%%
Good points\ not that trading is gambling =its not. [RISK business is not the same as gambling]
Mr Goldblatt told jack Schwager, in his Top Trading Hedge Fund book, when he was 12 years old he could not figure out why '' all the gamblers were so stupid not to bet on that 99to 1 odds dog ?? '' You guessed it \that dog lost.LOL
ThanksHe has a youtube channel! i didn't know that.
I did a quick search, Larry Williams is also on his latest video from March 26th.
Larry is actually older than Victor, but Larry still sounds very spritely, but poor Victor sounds like he is on his last legs.
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It is interesting how much being broke can age you. In any public recording of Vic the last decade or so, I don't think I've found one where he can barely keep his eyes open.
How broke did he get after his losses in 2008? The way i remember he lost 75% in his funds, so didn't completely blowup. And you don't have to give back your fees earn't from previous years.
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It was 2007 when he blew up for the 2nd time. And I doubt he had re-stocked back all the silver from the safe he had to pawn off after the 1997 fall-out. Remember, he had to mortgage his mansion?
But, I'm just SPECULATING here (get it? Speculation, haw). The average investor will be screaming about blow-ups if they just lose half their equity. I think losing all the way down to just 25% of your equity pretty much counts in many people's eyes, but I know what you mean.
After Cordier the Options-King lost OVER 100% equity for clients, some may try to argue that losing 100% of capital isn't a true blowup because you haven't gone into negative territory. Haw!
I can tell you that shorting strangles is NOT easy business. His book may make it out to be, but... alas. Trading nat-gas also goes by the name Widowmaker for a reason. I think John Arnold was right to get out of trading after making his first billion. Give these commodity guys enough time, and they will go the way of Brian Hunter.
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My guess is he wasn't completely broke financially but broken psychologically to the point of being depressed.
Too many blowups will do that. Same happened to Livermore, was clearly depressed towards the end. The worse thing is to blowup towards the end of your career. Early on and you can still recover.
Too many blowups will do that. Same happened to Livermore, was clearly depressed towards the end. The worse thing is to blowup towards the end of your career. Early on and you can still recover.