The Surf Report--part 2

Quote from marketsurfer:

All I know is he won the case. I don't know personally what actually occurred but the evidence appears to be in his favor.

Well one way you can determine if a persons ideas have merit is to look at the people who were taught by them. At least a dozen 100 million plus to billion dollar size hyper successful fund managers were taught by VN. Obviously, the evidence is his ideas have great value and shouldn't be dismissed.
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Having ideas and teaching others is his strong point. But trading is not.The guy is very smart and thinks way outside the box, which is very good....

But our ongoing debate for the last 5 yrs isn't about how smart he is, it's about you thinking he is a great trader....which he is far from. He was a trading disaster.

Hell....Soros was onto that very early.
 
Quote from marketsurfer:

Household items? My man, you are sadly mistaken--VN has more art value on each wall of his home than many homes are worth--

it was a world class collection of silver trophys and presentation pieces, not "household items".

One of many collections VN has amassed over the years--- why he sold it? I have no idea, but I do know he was forced out of his positions by a cabal on the floor-- which he subsequently challenged and won the case in court-----

like it or not, thats the way it is.

surf
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Perhaps it`s just a coincidence he blew up in `97...then liquidated his "collection" hard assets in `98?
 
VN had livermore disease. Great trader who didn't care about money.

Quote from marketsurfer:

Yeah, that's a great book! I think it sells for $100's on ebay if you can find it.

Yeah, he blew up 2 funds. the first blow up was caused by being forced out of positions by ?? on the floor--- he subsequently sued and won the case proving what actually happened.

The second time--- I don't know what happened---

He was paid to take big risks by the investors--- sometimes risk doesnt' work out.

You don't think VN trades his own money outside of the funds?

Thats all I am going to say, because I really don't know the all the details,


surf
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SURF ALERT SURF ALERT SURF ALERT

There has been a definite shift in the underlying price drivers. signaling its time to close shorts

TAKING profits HERE at 1138.25 and going FLAT

50 points.


surf
 
the drivers are doing a great job.

i think you said that this is the same system that you have for 5-10 years. historically, did it work better during bear markets?
 
Thank you for reopening and cleaning (most) nonsense from the surf report. Kindly move it back to the journal section, so that the legacy can continue.

Regards,

Surf :)
 
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