??? 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
+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.
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.
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
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
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... ...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:
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.
As a Cal alum, I take serious offense to your inability to spell BERKELEY correctly. http://www.calbears.com/ Go BEARS!!!