Victor Niederhoffer in Vogue Magazine??

[Landis82]

Quote from stock777:

Not to bash VN, but if you are selling puts you don't have the right to claim something happened 'out of the blue'

That's why there's a market for the puts you sold.

If not for the possibility of the unexpected, you would have to work for a living, not sell insurance to hedgers.


This is so obvious, I'm embarrassed to even mention it.

+1

 

[marketsurfer]

Quote from Anaconda:

Well nice to know you're not biased.

But here is a question. Would you personally invest in his fund? Isn't he raising money again or already has launched?

You do claim to have a significant net worth, so, are you or do you intend to be a seed investor?

??? i wish!! i am just a humble writer and a minor hedge fund hack.

I am not aware of any new fund launch or capital raising activity.

best,

surf

 

[Landis82]

Quote from Thunderdog:

Groovy.

Meanwhile, those of us who don't know him still await from those of you who do know him, the net percentage returns he generated on managed money after accounting for the two "mishaps."

+1

Actually, I PERSONALLY know the trader who was at Deutsche Bank who took the other side of VN liquidating all of those puts back in 1998 and my buddy made $45 MILLION for the trading desk that week. It was his best week ever times 9.

 

[jem]

Quote from marketsurfer:

oh man, that purple jacket and his eccentric manner really bugs you, Jem?? Pretty funny, imho!

have you considered VN's side of the story that he was FORCED out of the postions by a cabal on the floor? A lawsuit was filed based on this allegation and settled in VN's favor. There were obvious shenanigans going on--- I am not privy to the exact details--- but one must consider this possible fact prior to casting judgement and comparing VN to your evil empire of wall street.

best,

surf

I will say that purple jacket did set me off a bit.

I could give a crap about the floor excuse.

When you trade with leverage you make more money at the risk of blowing up your operation. is there any trader who does not know that fact.

Is this some sort of revelation. Oh my - locals were hunting for uncle points? Thats their freaking job. Your buddy writes about his penchant for brinksmanship. What would have been different about this.


Lets just cut the shit.

He writes well. He plays squash well and he gambles his fricken ass off.

As his PR. guy you should reposition him as a swashbuckingling hemingway like trader - hanging out with jimmy buffett while selling puts.

Stop it with this other shit.

 

[Pekelo]

Quote from marketsurfer:

what your forgetting in VN has traded since the 1960's. the CT mansion was started to be built in 1987 on the eve of the crash.

What you forgetting is:

1. He worked for Soros between 1982-90, thus management fees contributed to the CT mansion I am sure, not just trading his own account.

2. ", while still at college he co-founded with Frank Cross a company called Niederhoffer, Cross and Zeckhauser, Inc., an investment bank which sold privately held firms to public companies."
So he had other type of income, not just profits from trading, by '87....

But since you are such a good friend of his, why don't you ask him how much he made strictly from trading until '82????

Also I am curious, why did he go to work for Soros, when he could have just kept trading for himself?*

*other friends of Vic also can chime in

 

[marketsurfer]

Quote from Pekelo:

What you forgetting is:

1. He worked for Soros between 1982-90, thus management fees contributed to the CT mansion I am sure, not just trading his own account.

2. ", while still at college he co-founded with Frank Cross a company called Niederhoffer, Cross and Zeckhauser, Inc., an investment bank

*other friends of Vic also can chime in

sure, he was also a professor at BERKELY and has a PhD in economics.

Do you really think the other famous traders don't or didn't operate different businesses??

seriously, the playa hatn is getting old.

regards,

surf

 

[Pekelo]

Surf, really, at your age you should be able to construct a valid argument...And hating? I am probably the most objective and unbiased poster in this thread...

Quote from marketsurfer:

seriously,

...you have no idea of how good a trader he was before '82. Again, why don't you ask him?

Well, since I agree with you about using first hand sources, let's see what Soros said about Vic. From Soros on Soros:

 

[Landis82]

Quote from Pekelo:

Also I am curious, why did he go to work for Soros, when he could have just kept trading for himself?*

I could confirm his employment with a friend of mine that traded for Soros for many many years upon joining the Quantum Fund in 1985, and who is now with Druckenmiller at Duquesne Capital, but I don't want to bother him with such a "silly" question.

 

[Landis82]

Quote from marketsurfer:

sure, he was also a professor at BERKELY and has a PhD in economics.

Do you really think the other famous traders don't or didn't operate different businesses??

seriously, the playa hatn is getting old.

regards,

surf

As a Cal alum, I take serious offense to your
inability to spell BERKELEY correctly.

http://www.calbears.com/

Go BEARS!!!

 

[Rtrader2525]

Quote from Landis82:

+1

Actually, I PERSONALLY know the trader who was at Deutsche Bank who took the other side of VN liquidating all of those puts back in 1998 and my buddy made $45 MILLION for the trading desk that week. It was his best week ever times 9.

What kind of lick did DB give him for a 45 mm win?