Oct

17

People often come up to me and to many other contributors to this site also, I'm sure, with a remark like, "Doctor Niederhoffer, I just wanted to tell you that I read your book and it is the key foundation for all my trading. It got me into the futures markets. I've made millions from applying your methods. It led to a really happy life and family situation. And I just wanted to thank you. I just read your book over again the ninth time," et al. After thanking them, I always have to refrain from telling them the story of Hans Sennholz , who received a similar welcome in Houston at one of his lectures. "Proffsa, do you knooo how much mona we made from yer book on silver? 800 million". Hans answered, "And you know how much money I made? Twenty five dollars." Why should I disappoint my well meaning, would be friend with the facts of life about my own trajectory and road to Babylon et al?


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6 Comments so far

  1. Arthur on October 18, 2011 6:23 pm

    I got to tell you the truth, I never read any of your books to get any trading ideas, I was more interested in the story, because I once read this quote by you:
    “It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book… There is ample opportunity to use wealth in this world, and neither I nor my friends, nor anyone else I have ever met, has so much of it that they are interested in putting themselves at a disadvantage by sharing their secrets.” - Victor Niederhoffer
    but I did read lots of articles that was written by you or about your strategy (some of your comments), and they are helpful.

  2. Ralph Di Fiore on October 19, 2011 11:45 am

    Hi Victor. I am one of those who read you Ed of a Spec book numerous times in the past. I am also aware of your fall from grace but this doesn’t negate the influence of the book. If anything, it illustrates even the author of such a fine book can face the dire consequences of the market mistress when the rules in the book are not followed.

  3. Pacific SW on October 20, 2011 5:47 am

    You could pontificate on how does the palindrome do it, though. That’s all I’d like to know from the smart contributors. how does he do it? Nobody in the history made more money for their investors than szorosz. Not Buffett, not Paulson, not Simmons, not Niederhoffer, nobody. And he looks half retarded in all his interviews.

  4. vic on October 20, 2011 12:36 pm

    He is very big on the idea that has the world in its grip ad like the Sage has never met a service revunue for others that he doesnt approve of. vic

  5. Pacific SW on October 21, 2011 4:51 am

    that came late in the game, around the $10bn or so. how come one from nothing to get to $10bn is the question. maybe he’s a supreme coin flipper.

  6. Anatoly Veltman on October 21, 2011 6:15 am

    Both question and answer were quite appropriate. To which I venture add: this will be his last (successful) trade

    www.telegraph.co.uk/finance/comment/jeremy-warner/8839450/Italian-bond-yields-reach-point-of-no-return.html

    Note, the markets are coy

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