Niederhoffer new book

Quote from marketsurfer:




niederhoffer was the world's number one ranked hedge fund manager for years. he was also george soros' head trader. yes, if you could do this, you would be a genius.

best,

surfer:)
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I heard Soros himself say that Niederhoffer wasn't much of a trader.
 
Quote from marketsurfer:


niederhoffer was the world's number one ranked hedge fund manager for years. he was also george soros' head trader.
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Soros distanced himself from Niederhoffer, he writes about it in "the alchemy of finance" i think or maybe soros on soros. He wrote that Niederhoffer strategies work in rangebound markets and burn money like crazy in runaway explosive markets. Was he right or not? So Soros fired VN before VN blew up the Quantum fund. Soros also got pissed with Niederhoffer because he talked all the time how honest he was... that made Soros suspicious.

Another thing I don't like about VN is his insistent name-dropping, Soros, Trout, Toby Crabel blah blah that sounds like a salesman not like a rational, intelligent trader.

PS I got interested in the markets a long long time ago thanks to "the alchemy of finance".
 
Quote from buzzy2:



Soros also got pissed with Niederhoffer because he talked all the time how honest he was... that made Soros suspicious.
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I've met so many people in the past in different business that claim honesty but my experience is that they're the worst to trust and they always disappear.

Dragn
 
Quote from Babak:

Just my humble opinion. :) Everyone is free to make up their own minds.
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babak, surf is a bit verbose but i think you'll find his proofs persuasive. he has a way with word(s)..

:p
 
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