Niederhoffer In Trouble..... Again !!

[hughb]

Quote from Wayne Gibbous:

I assume you mean this thread so I moved my reply here. I do try to be logical most of the time (when I'm not agitating or trying to be funny). Heck I thought this was one of my more logical threads...

Of course I know only the bare surface details of what has been happening to VN. I'm not an investor with him nor in his circle. "Opinionated," certainly, but then this is a trading message board. Aren't we all opinionated here to a large degree?

Several of Vic's defenders have made statements like "we don't know what we are talking about..." and "we are just trying to drag Vic down", etc. So what, exactly, is wrong about what has been stated?

Did VN not suffer several blowups? Did he really make ALL of his investors whole? I'm sure quite a few did make lots of money, despite the blowouts. But what if you had invested late?

Is Vic not on the state tax delinquent website? If this is wrong, shouldn't he tell them to take it down right now?

Did VN not cheat on his wife and have a child with LK? Is this any of my business? Hell no! But it is in the public domain and when someone posts something like an unequivocal "Victor is a great and honorable man...," excuse me if I disagree. I have never cheated on my wife. Why would this be brought up? It's all about character...

If any of us have stated anything that is not true, please inform us. I know we would all be glad to have the truth posted. We are still asking the question: Is VN a good fund manager that you would be happy to have invest for you?

As always, good luck and good trading to all!

Exactly. I neither hate nor love VN. It's simply the truth that he blows up and passes his hat around for another go at it. What's wrong with that? Why do people have such a hard time confronting the truth, especially when it causes them no expense or injury to do it? Notice how many times on VN threads that a VN worshipper will rebut the fact that VN blew up with the statement that VN made his investors money. Well, no shit, we all know that, why do they feel the need to omit that he lost nearly all of it? What purpose does it serve them to be selective with their facts?

Vic's story is not much different than anyone elses - he made money, he lost it. He was able to brand himself as an eccentric genius and therefore generates much discussion.

 

[Rodney King]

Quote from hughb:

generates much discussion

He generates much discussion because he has a high public profile, and the ignorami on e'trader don't have the knowledge or motivation to understand the players in the industry who don't have a high profile. I wonder how many of the e'trader crowd could name the twenty currently largest hedgefunds (or a reasonable subset) and how they trade...

 

[Gabfly1]

Quote from farmertrader:

...[pablum]...

Surf, you bought a farm? Seeing as how you have an endless supply of fertilizer, vertical integration only makes sense.

 

[Anaconda]

Quote from farmertrader:

It seems more of a hatred of success on this elitetrader board. OOne example is Marketsurfer. Marketsurfer was loved by all for his first 3 years or so on this site. As soon as he started getting real or percieved success outside of elite trader the tides turned and he slowly became vilified. The more success Marketsurfer obtained in this business, the greater the hate became on elite trader. It's the same dynamic with VN--a hyper succeful guy in all respect, yet elitetrader needs to put him down with much hate . It seems it happens tothose these posters relate to, therefore cant understand why they are succesful and the poster are not. they can accept unasseible geniuses having success but when these people are accesible it becomes unacceptable. the heard instinct in full effect. It's quite sad, as this site should celebarate success not denigrate it.

Surf, I don't think people hate you. They just laugh at you and on occasion, get simply annoyed by you. Personally, I think you add comedic value to this site and wish you luck in getting unbanned.

 

[Pekelo]

Here is a post from 3 years ago, explaining why most common sense folks here don't think of Victor as a trader:

Quote from nravo:

Just my take here. VN is neither an investor, nor a trader, nor even a speculator. He is a very very very bad insurance company. His strategy, if one wants to call it a strategy, is simply to write a ton of naked puts, betting a disaster won't happen. Any imbecile could do this and have a few years of good returns. Unlike an insurance company, however, VN doesn't buy reinsurance and when a disaster (a volatility spike) happens, he's out of business.

 

[Gabfly1]

Exactly. And the one-sided nature of performance compensation allows someone unfettered by conscience to game the system for what it's worth.

 

[Rearden Metal]

Quote from Anaconda:

Surf, I don't think people hate you. They just laugh at you and on occasion, get simply annoyed by you. Personally, I think you add comedic value to this site and wish you luck in getting unbanned.

I think of Surf as a 'benevolent bullshitter'. You can't trust a word he says, but other than that he's great guy.

Surf, deep down you probably already know that all the deception and insincerity only works <b>against</b> your best interests. Imagine if people could trust your word. Wouldn't that be so much better for you in the long run?

 

[nokomisjeff]

Quote from Rearden Metal:

I think of Surf as a 'benevolent bullshitter'. You can't trust a word he says, but other than that he's great guy.

Surf, deep down you probably already know that all the deception and insincerity only works <b>against</b> your best interests. Imagine if people could trust your word. Wouldn't that be so much better for you in the long run?

I don't think Surff worries much if he's trusted around here, despite the fact that everyone at ET is profitable and makes 7 figures a year.

 

[Rearden Metal]

Quote from purplemoses:

I see we are not even in the same universe, let alone the same page.

you truly have no clue or idea of what you speak and your profound hate for capitalism and success is apparent.

yet, you continue to lurk around these board in a ill fated effort to destroy whatever embers of capitalism spirt still exists.

disgusting.

See Surf; Your heart is totally in the right place!

Now wouldn't your message be all that much stronger if you could just manage to deliver it under a single username? All this multi-aliasing (and repeated shallow denials of said multi-aliasing) can only serve to weaken your message.

 

[Gabfly1]

Quote from Rearden Metal:

I think of Surf as a 'benevolent bullshitter'. You can't trust a word he says, but other than that he's great guy.

Surf, deep down you probably already know that all the deception and insincerity only works <b>against</b> your best interests. Imagine if people could trust your word. Wouldn't that be so much better for you in the long run?

That depends on his objective. Surf thrives on attention, therefore its value is absolute. Can you think of an easier way to get it than by posting annoying nonsense?