Roy Niederhoffer on crypto...

[ET180]

Your remark has one assumption and one stated fact. The stated fact is obviously wrong. Roy Niederhoffer has never written a book. His brother, Victor Niederhoffer, was the author of a well received book The Education of a Speculator.

https://www.yourdictionary.com/talking-one-s-book

 

[SunTrader]

..., Victor Niederhoffer, was the author of a well received book The Education of a Speculator.

In between his blowups. Bought it. Was mostly a self-congratulation life story.

PitBull was much better - story-wise and trading-wise.

 

[zdreg]

n between his blowups. Bought it. Was mostly a self-congratulation life story.

What do expect from a paddle ball chamption of the US, who came from the slums of Brooklyn?
He is a great salesman, He had the ability to raise money after each blowup.One of his achievements was to expose corrupt dealings of major banks, when dealing with retail currency traders.

 

[zdreg]

He's pretty sharp. I like the basis of his arguments.

He is not only extremely sharp, but also has a very good track record to boot.

 

[The_Krakenite]

PitBull was much better

Ouch. I have that book in my library, just never got to reading it (yet) because I hardly see anyone mention it worth reading.

I had been planning to get to Triumph of the Optimists soon, because all my other books are so 'end of the worldish' right now. I had also been planning on 'Diary of a very bad year- Confessions of an anonymous hedge fund manager', but maybe I should just get to 'Trading Sardines', since Linda Raschke seems to get some fame in the Wizards' books.

And... today I almost picked up 'Den of Thieves' at a thrift shop. But... I have a digital copy in my inventory as well... so finally I skipped on picking up something. Amazing!

 

[johnarb]

Ouch. I have that book in my library, just never got to reading it (yet) because I hardly see anyone mention it worth reading.

Pitbull is a great book. I read it over 10 years ago. Martin Schwartz is a very good story teller. If my memory is correct, he was in one of the Market Wizards book

 

[virtusa]

You've got the wrong person mixed up with wrong charts...

I am sure that the second charts is spot on. And that's the most important one for future.
It shows the evolution since 2010, so 12 years compounded daily returns in a decline.

 

[SunTrader]

What do expect from a paddle ball chamption of the US, who came from the slums of Brooklyn?
He is a great salesman, He had the ability to raise money after each blowup.One of his achievements was to expose corrupt dealings of major banks, when dealing with retail currency traders.

He was the son of NYPD police officer. Generally, no almost always, you don't grow up in a slum if that is the case.

Maybe you were thinking of Howard Schultz, founder of Starbucks, who grew up in public housing in Brooklyn to a single parent? Yet made billions and billions.

Anyway to paraphrase tRump I like my expert traders to make, not lose, money.

 

[GlobalMacro90]

Curious @Pekelo and @JackMorgan what parts of Roy’s arguments do you disagree with?

 

[blink18]

Bear in mind, this was 4 months ago...

Nobody knows the future. Stop wasting your time with "predictions".