Niederhoffer In Trouble..... Again !!

Pure leverage and no timing? Yes, I would say so.

Hi, surf. Nice outfit. New?

 

I would invest with him after a blow out. I would be betting I could take my original investment out before the next blowup and then I would let the other part ride for a few years.

 

Hey Smurf, could you ask 2 questions for me from Victor?:

1. What is the point of hiring talent if you don't use them? What were all those guys doing if their skill was not put to use? Beside pretending to be more than what the fund really is...

2. In an interview in 2006 Victor's right hand man said that he was responsible for Victor not blowing up again, as a built in safety valve. Where was he a year later??? Was it just false advertisement?

 

I too thought that was harsh also.

I have butted heads with surf on et for years. I have never met him so I will not vouch for him....

But, he does not strike me as filth. He obviously uses the internet to market and test ideas but I have not seen him lie. I think his real life would not want to have that reputation.

 

Ah, so you are betting that you can time VN better than he can time the market. Go for it. Give him a call.

 

I respect Vic, but I wouldn't invest in him.

I am very conservative when it comes to money and I wouldn't invest in someone who trade MRS and also got a reputation to protect.

PA

 

Can you spot your own contradiction?

In any event, and by all appearances, VN doesn't really time. He evidently just enters and then holds like there's no tomorrow. And then tomorrow invariably comes.

 

No - I would would be banking that a really outsized move would be a few years off and that VN would make a lot of money selling vol as it was contracting. My goal would be to take my investment out before the vol spiked again.

I doubt my current account size would be worth it for most managers as I got smoked by fl real estate.

I once had money with Richard Dennis and Clarke (i think it was global basic) -

I timed those guys too. I took my original investment out of Dennis - 2 months before his blowup. I took profits out of Clarke to buy a house in Carlsbad.... which was my best investment ever. (although staying with Clarke might have been pretty good too.

 

Hey look what I have found from 2+ years ago! I think it is our Surf on another website, at the time when the 2007 blow up wasn't sure yet:

http://www.tradersnarrative.com/rumor-vic-niederhoffer-blows-up-again-1346.html

"Dave
Sep 29th, 2007 at 5:14 pm

You’re changing the subject. What’s instructive about discussing a “fatal fundamental flaw” that may not have even exist? Last we heard, Steve Wisdom had put checks and balances to make sure Niederhoffer didn’t get out of control. Do you know what those checks and balances were? Probably not, so where’s the utility in speculating at all about undue risk?

What other traders would it be illuminating to consider on the rumor mill? Is it more or less instructive to ponder whether Jim Simons’ fund blew up in the past several weeks?

I want to be clear that I am no apologist for Victor Niederhoffer –his propensity for self-congratulation and his radically displaced assessment of value investors such as Ben Graham and Warren Buffett make me want to throw up. But he and other traders ought not to feel compelled to formally address these kinds of rumors each time one starts on boards such as EliteTrader.

Can’t see much difference between disseminating rumors and, well, gossiping."

P.S.: Note the bold part of the post... (By the way I found it when I was looking for the right hand man's name)

 

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