asiaprop, Your wit is matched only by your lack of charm. You are spreading deceit. Where was this elusive picture you reference? Sure it is true that a few of Victor's silver pieces were sold for charity, but he did not really need the money. Those are more rumors spread by knuckle dragging troglodytes. Very truly yours, T
HIM. FTFY Seriously Mr. Niederhoffer, we can recognize a world class squash player from 5 miles even with backwind.
Hi Victor, Thanks a lot for clarifying these things. I always knew there was way more than just shorting puts, too many high caliber people were invested. It is so much easier to bash others and claim that they can trade successfully, than actually trade. And there is so much of such bs here unfortunately. Best of luck in your current and future endevours. Regards, redduke
you have provided alot of verbiage. you have not provided any numbers to show proof that victor's performance over time has not been anything but mediocre at best.
Assuming that VN really posts here (not just a daily spec spoofer) I hope he realizes this thread was started by none other than that fawning financial groupie and failed trader, DG (surfer). And as a matter of fact, most "Bash Niederhoffer" threads here seem to be started by that same many-time-banned fellow. Vic might want to look inside his circle of "friends" and see which are really friends... Good trading to all.
Here's the thing, Vic. May I call you Vic? I read both of your books. I did not like them, but I realize that's just a matter of opinion. Even so, I found you to be rather arrogant and self-aggrandizing. Those are not endearing qualities. You consider yourself to be the greatest speculator of your time and yet, like LoBagola's elephants, you seemed to repeatedly take the same path (leading to the same hole). The irony is that you refer to LoBagola's elephants in one of your books. Yes, I can understand your upset over the reference. Yes, we are all human and we make mistakes. Sometimes repeatedly. Perhaps if you regarded yourself as something rather less than a deity, your critics would be more forgiving. As for your turning the tables on me, let me be the first to say that I know full well I will not reach the heights you had achieved during the course of your trading career. Regardless, I have a deep and abiding respect for people who do well in their chosen field, whatever that field may be. However, unbridled arrogance is the mustard stain on an otherwise flawless garment. And we can surely both agree that the garment was not exactly flawless to begin with. Please don't misunderstand me. I don't wish you ill. I actually wish you well. Along with a modicum of humility.
You realize, of course, that your credibility falters when you associate Williams with real traders, right?
I cannot wait to hear the news how some idiots funded him once again only to wait for the next blow up. I am a seasoned trader myself and if anything in life is given then its that someone who blew up several times, especially running others' funds, is almost guaranteed to do so again. VN has already secured his seat in the wannabe but ultimate loser gallery, nothing that he can do about. Wannabe in the sense that his book(s) suggest(s) he counts himself among the elite of traders/investors which he clearly does not belong.
This is too funny... are you hiding behind some stupid synonym instead of openly stating that you are VN? Why do you speak of VN in the third person and then you apparently still have not overcome your 1997 losses, where you blame evil banks and market makers and in the end you speak in the first person "they were able to force ME out...". Have you handled your clients funds with the same lack of care that you employ posting here? In any case you do not sound too mentally stable each time the topic shifts to 1997. Ouch, must be still hurting a lot...
Let me ask respectfully all the erudite and experienced posters about this investing problem, let's call it the black box/white box paradox: Let's say I am an investor, and I am presented with 2 systems, and I like both systems and I am very interested in investing with one of them. But I can only pick ONE system for various reasons The black box system was made by a bunch of math geniuses (or genii) with decades of trading/investing experiences. It uses a very complicated mathematical formula to make trades, with all kind of hedging involved. It is also somehow pricey, because of the brainpower and brand names involved. The white box was made by an insurance salesman and it simply sells OTM puts. Because of the simplicity of the operation, it is rather cheap. Now here is the kicker! The performances of both systems in the last 5 years (including all kind of market conditions) are nearly identical! Again, I don't exactly know what is going on inside the boxes, I was just given a short explanation about how they operate and the last 5 years returns and performance charts, and those are pretty much the same. When one took a dive, so did the other. When one had an excellent year, the other had one too, with similar returns.... How do I decide which system to invest with? Again, I want to use one of them, but I can only chose one....