Niederhoffer In Trouble..... Again !!

[asiaprop]

before he lost it all and then some...my God, how many more times is it mentioned that he made money for years. Does it matter when you lose it all? Does it matter you went to Wharton but later end up as an overdosed drug addict? I dont understand your line of reasoning at all.

Quote from 1outernational:

Sure. No one wants to lose money. Just some sophisticated investors understand that risk is needed to make big returns and are willing to take that risk with a small portion of there assets. Victor produced outsized returns for years.

 

[Scataphagos]

Quote from asiaprop:

"... What I DONT UNDERSTAND is people who still entrust this guy with a dime. From now on, those who invest with him deserve to lose. Enough said!!!

It's human nature. They SAY they want to make a big return.. and SAY they are "willing to assume the risk which goes along with the try".

But that's not what they REALLY mean in most cases..

They place a big chunk of their money with the guy they HOPE is smart enough to make the BIG gains without losing their capital.

Personally, I wouldn't entrust my $$ to anybody who had even ONE "blow up" on his big-money record, as it would show he had yet to learn the market's most important lessons.

 

[Gabfly1]

Quote from 1outernational:

What you (Asia and thunderfly) are missing is victor wasn't paid to safeguard assets...

Yes, perhaps a more apt description would be placing the money in the trunk of a burning car about to go over a cliff. I love visuals, don't you?

Quote from 1outernational:

...let us know if you can figure out a way to make outsized returns without taking big risk. I have not been able to figure that out. Thanks.

Meanwhile, VN seems to have a firm handle on how to make outsized returns by taking super-high-octane-outsized risk. However, those returns are only impressive when viewed while facing away from the flames at the bottom of the cliff.

And downwind. Don't let the smoke get in your eyes. Hmm. Bad analogy. It seems the smoke did get in your eyes...

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[Scataphagos]

Quote from 1outernational:

Why not ask the investors who made fortunes over the years ? Why not ask the investors in managers who were trained by victor who are among the top in the field?

You are missing that he made much more for investors over time than he lost in the blow ups.

You're so naive. Odds are he lost nearly all of prior years' gains for all of his investors. THAT'S human nature, too.

When investors are making good/big returns, they don't make significant withdrawals from their accounts.... they "let it ride"... generally ADD to their accounts, too. (Most of their other investments are likely sucking, so they don't trim back their one significant winner.)

You're arguing like all you got is theoretical book learnin'. Stop it.

 

[asiaprop]

care to show us proof other than anecdotal checkers lore?

Quote from 1outernational:

Why not ask the investors who made fortunes over the years ? Why not ask the investors in managers who were trained by victor who are among the top in the field?

You are missing that he made much more for investors over time than he lost in the blow ups.

 

[Gabfly1]

Quote from 1outernational:

@ thunderfly

If you only knew how intersting your choice of adjective is.

Quite humorous.

"Adjective?" Do tell.

 

[atticus]

I thought all he did was sell otm puts.

 

[Wayne Gibbous]

Quote from atticus:

I thought all he did was sell otm puts.

Yeah but in a very complex and esoteric way based on gravitational cycles, growth patterns of the desert willow, and aboriginal music beats...

 

[TraDaToR]

Quote from 1outernational:


You are missing that he made much more for investors over time than he lost in the blow ups.

Thoreau, if you want to restore a bit of credibility , tell us exactly how much you lost for your investors over the years.

People would be more tolerant on this board if you acknowledge it, take full responsibility and stop hiding under aliases to justify yourself.

 

[Gabfly1]

Quote from Wayne Gibbous:

Yeah but in a very complex and esoteric way based on gravitational cycles, growth patterns of the desert willow, and aboriginal music beats...

Not to mention hundred-year-old books and LoBagola's elephants.