Neiderhoffer

wow talk about prescient!
Quote from steve46:
07-02-06 07:33 PM

Had occasion to speak with Mr. Neiderhoffer several times during my training. Certainly he was an intelligent person, and I have no knowledge of him socially. The gentleman who trained me did know him socially and his comment "The man's an odd duck"....

I found over the years, that it does not take tremendous intellect to have success in the markets, but rather a combination of intellect, discipline and the ability to put things in context. I have mentioned the need for "context" in a couple of my posts recently. Without it a smart person can think him/herself into a corner, finding themselves at a dead end. That is what happened to to this guy. Except for the celebrity he was able to cultivate along the way, and his family's money, he would be out on the street today, looking for a job at a boutique firm.

There are many intelligent, competent professionals working for Wall Street firms who obtain excellent results on a consistent basis. YOU FOLKS do not hear of them, because their are people WITH MONEY who do not want you to know they exist. Mr.Neiderhoffer is old news. A guy who had promise but couldn't maintain his discipline. In this business it is the equivalent of falling on your sword. You only do it once.

Naturally there are (still) Neiderhoffer "groupies" on the fringes of the financial community, and just like the empty headed rock groupies, these folks generally have not had much in the way of success on their own. They tend to believe that this man has some mojo that might rub off on them if them just stand close enough. Aint gonna happen.

I wouldn't pay 10 cents for his book.

Steve
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=14410&perpage=6&pagenumber=36
 
Quote from nkhoi:

wow talk about prescient!
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if he actually spoke with VN, he would be aware it was Dr. Niederhoffer. "family money" what a joke, his dad was a cop! this guy has no clue at all which is evident in that post.

so please, enough!

surf
 
Quote from marketsurfer:

if he actually spoke with VN, he would be aware it was Dr. Niederhoffer. "family money" what a joke, his dad was a cop!

so please, enough!

surf
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So are you implying that VN will only respond to people if they refer to him as Dr.? Sounds like a prick to me.
 
Quote from sprstpd:

So are you implying that VN will only respond to people if they refer to him as Dr.? Sounds like a prick to me.
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No, actually everyone just calls him "Vic".
VN NEVER refers to himself as Dr. Neiderhoffer (Not even on his own book covers- Didn't you notice?), with one exception; He does use the "Dr." title when dealing with medical doctors. They tend to be far less careless when they think the patient is a fellow M.D.

P.S.- He's not a prick.
 
Wareco;

One of two things is true, either you don't understand English

or, you figure I won't stand up for my family...

http://www.elitetrader.com/vb/showt...546453&highlight=Associated+Press#post1546453

This was resolved a long while back. You've been here long enough to have read the news report that was posted above. You and Reardon have had plenty of time to read it, to understand it and to apologize, but you haven't....Its called character, and from my point of view, you don't have any..

Who is "busted" now you pathetic asshole?
 
Since when did this thread become about Steve, what about Neiderhoffer and his fund going under? It looks like this is not a rumor but pure fact.
 
Yes Tim, excellent question

Apparently if you offer an opinion contrary to Marketsurfer or Wareco, and they can't debate it honestly, what they resort to is personal attack.

Suddenly Neiderhoffer has to be addressed as "Dr" (give me a break) and somehow the rest of his family are on the street pushing shopping carts....how believeable is that?

In the end Tim, it IS about character and in my opinion, it is pretty easy to see who has it and who doesn't.
 
Quote from Comanche:

A big component of short puts is implied volatility and is the main cause of short option blowups. While he may not have lost much on his delta, the huge blowup in implied volatility coupked with it is what likely caused his forced liquidations as margin calls probably went through the roof.

In all my years of trading, EVERY single book blowup I have seen is in short volatility.
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Including btw LTCM - although most people think it was bonds.
 
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