It takes a certain intelligence to understand VN. His ideas are not for people like you so im not surprised at your conclusions. Surf
who is your fav trader to follow?
- Thread starter cashclay
- Start date
It takes a certain intelligence to understand VN. His ideas are not for people like you so im not surprised at your conclusions. Surf
you remain stubborn and thats ok with me. Which intelligence is required? A bit of insight into stat arb or understanding bankruptcy law? 
To understand how to blow up twice?
he did not blow up twice, he blew up several times more often. The 2 blowups are only the major ones after which he had to completely shut down his funds. And it is not accurate that he made all his clients whole.
Surf, let's assume at Matador Vic returned 50 percent per year for 6 years and then blew up with a 77 percent gamma roast.To be kind to your boy,I'll assume he compounded those returns.At the end of the day, after all the gamma smoke cleared, Vic returned 17 percent per year.
17 percent per is indeed respectable,but is it really when the much hyped mean reversion machine is a shill for selling the shit out of the downside wings ?
As you question the intelligence of Vics detractors, perhaps you would like to lead us from the path of ignorance and illustrate how much notional Vic became long when he watched,or should I say snooze while his sub 5 deltas wings exploded in his mug.Then simply divide the capital of his fund (pre 77 percent implosion ), into the underlying notional of the suddenly deep ITM puts Vic blindly sold and tell us what his leverage was.
Perhaps you could enlighten us dummies and tell us what Vics gamma was at the short strike relative to his capital as well?
Appreciate your help
17 percent per is indeed respectable,but is it really when the much hyped mean reversion machine is a shill for selling the shit out of the downside wings ?
As you question the intelligence of Vics detractors, perhaps you would like to lead us from the path of ignorance and illustrate how much notional Vic became long when he watched,or should I say snooze while his sub 5 deltas wings exploded in his mug.Then simply divide the capital of his fund (pre 77 percent implosion ), into the underlying notional of the suddenly deep ITM puts Vic blindly sold and tell us what his leverage was.
Perhaps you could enlighten us dummies and tell us what Vics gamma was at the short strike relative to his capital as well?
Appreciate your help
Why not do what Vic did?
Follow their signals and blindly sell an obscene number of 80 percent spot puts and pray you don't suffer the inevitable 75 percent drawdown in your first year...
Should you survive in year 1 and put up big numbers,call Surf and have him raise capital for you..
Follow their signals and blindly sell an obscene number of 80 percent spot puts and pray you don't suffer the inevitable 75 percent drawdown in your first year...
Should you survive in year 1 and put up big numbers,call Surf and have him raise capital for you..
Just to be clear --The comment was directed at a particular poster who is clearly not swift enough to "get it".
As far as your other questions, you will have to ask VN himself.
surf
I honestly don't believe that you are swift enough to "get it" either. Plenty of options guys have explained the flaws of approach over the years and you still cover your eyes and ears and pretend none of it ever happened. It's remarkable.
Wow, how many times do i have to repeat it. I am well aware of VN's flaws. The guy is far from perfect.
However, he teaches a way to think about the financial markets and solve your own investing issues rather than a "do as i do" approach.
This is the brilliance of VN-- his ability to teach his massive knowledge and wisdom. The evidence of the success of his market students support this ascertation 10 fold.
When someone says they get no value from his work only reflects the incredible stupidity of the person saying it
Despite the obvious flaws, VN remains one of the greatest living speculators and is an American hero.
Peace
Surf
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