Neiderhoffer

[smilingsynic]

Quote from austinp:


For awhile this gossip topic was interesting to me. Now it's run the course. In all reality, what impact does VN have on any of our lives? None. What do we stand to gain = benefit from his ascent and/or demise? Nothing.

His demises collectively represent an object lesson on the dangers of hubris. Pride goeth before a fall, said Solomon. (Then again, this is a guy who married well over a hundred women, which seems a bit much considering it's enough of a challenge to deal with just one, thank you).

I re-read Roger Lowenstein's book on LTCM once a year for that very reason.
Brains do not necessarily translate into long-term success in this business, and the "big boys" can fall just as readily as the small fry (they just make more noise when they fall, since they're so big).

These are truths that cannot be reinforced enough.

Success can breed confidence, and confidence can bring forth arrogance.

Everyone has it within themselves to do serious damage to their accounts.

 

[Cutten]

Quote from steve46:

Hedging a short put position isn't just about trying to offset using futures. There are in fact many types of hedge techniques including timed hedges, graduated hedges and tranche hedges using other option positions, using other related instruments. As an example, in institutional markets (like CDO's) the most efficient hedges are "like kind", that is you offset a tranche of CDO's with another tranche of CDO's using a reduced form normal copula or structural variance gamma models. In my view, what is the point of trying to talk about it with folks who aren't really interested. From the begining this thread was really about whether "Mr." Neiderhoffer's fund blew out or not...and thats fine, I can take it for what it is.

What has this got to do with naked-put Niederhoffer? At this late stage, it's clear that the only hedging Vic employs is of the Texan and Brazilian variety.

 

[Wayne Gibbous]

Quote from epiktetos:

I am not sure but I read somewhere that almost half of the money (or considerable amount) in the fund was Vic's own.

According to the article, that money was mostly his wife's. He signed over his assets to her. She must have been some kind of burned when she found out he was noodling around with Laurel, and when LK had Vic's kid...divorce was right around the corner.

Can you say liquidation? But he, somehow, talked her into staying married and "sharing" the wonderful man that is VN. The great man that lies, cheats, and wipes out investors.

 

[Robert Weinstein]

Great article by the newyorker

Cant wait to see part three "Return of the Neiderhoffer"

May the trend be with you.....

 

[dtan1e]

Quote from 1Reason:

Great article by the newyorker

Cant wait to see part three "Return of the Neiderhoffer"

May the trend be with you.....

this is funny, though its not exactly a funny event, i think the thing is N is a public figure, if he's not, it becomes just another biz venture whereby, he can just go start another fund/ biz, i'm sure most of all the traders that make it blow up at one point or another, some even a few times but if you r famous like N it becomes a lot harder b/c u got a big name to deal /w

 

[arealpissedgoy]

Quote from Wayne Gibbous:

According to the article, that money was mostly his wife's. He signed over his assets to her. She must have been some kind of burned when she found out he was noodling around with Laurel, and when LK had Vic's kid...divorce was right around the corner.

Can you say liquidation? But he, somehow, talked her into staying married and "sharing" the wonderful man that is VN. The great man that lies, cheats, and wipes out investors.

His last kid was a selective surrogate birth. He really wanted a male heir to the code his first wife wrote for him to sell naked puts.

 

[JimmyJam]

Time for a new term:

Pulling a Neiderhoffer, for all you big-time gamblers who go ALL-IN when the trend is moving against your directional trade. :eek:

JJ

 

[dtan1e]

Quote from JimmyJam:

Time for a new term:

Pulling a Neiderhoffer, for all you big-time gamblers who go ALL-IN when the trend is moving against your directional trade. :eek:

JJ

this sh go into the english dictionary, to be a Neiderhoffer or calling someone a N...

 

[marketsurfer]

the "pulling a niederhoffer" or "niederhoffering" is already discussed in "education of a speculator" although in a different context.

i believe we should wait for VN to provide a statement/article of unfiltered and unhyped facts of what occured and why. It's my contention that there is much more here than meets the eye, or was discussed in the published articles.

regards,

surf

 

[LMeyers]

Quote from marketsurfer:

................................

i believe we should wait for VN to provide a statement/article of unfiltered and unhyped facts of what occured and why. .....................


surf

You must be joking.

Even after the passage of so many years, his victims/ investors from last time around are still waiting for a plausible explanation of his actions.


In the meantime, I guess we will just have to make do with the excellent explanation posted here by Pabst.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1636234#post1636234