Feb

27

A Man, from Victor Niederhoffer

February 27, 2013 |

 A man with an IQ of 185 recently started overwhelming me with his range forecasts. "The range today should be x to y." I told him these were worthless forecasts. But he doesn't understand. Today he came up with a nice touch. "It's pure trouble if the Dow goes below 13 870."  When the Dow did so, he sends me a self congratulatory note that I didn't read as I don't like to lose my temper during market or other times, (and I rarely do, although every day is a struggle for me, and as mentioned I have never had a satisfactory day, especially when a flexion is going bankrupt, and there is insider trading overnight). But, there is something so delphic, so self fulfilling about such forecasts. Of course it's pure trouble if the market goes below any number and by the time it does, depending on how long you wait, the chances of it being pure trouble below any day that it purely troubled to go below is terrible to contemplate. I had a dream that the pure trouble person was watching one of my kids play soccer, (he was on the Olympic Water Polo team of one country or another ((as many people who solicit ones business claim to be ), and I tried to explain that such forecasts are part of a genera that have to be true, by randomness, and my kid frowned and then headed the ball.


Comments

Name

Email

Website

Speak your mind

3 Comments so far

  1. Ed on February 28, 2013 9:20 am

    Soccer? Heading? it must have been a nightmare.

  2. dagnividal6 on February 28, 2013 6:17 pm

    yes. to have the brain ruined in both the short term by propaganda " we said it would hit my price and it did exactly " and then to ruin the brain long term by heading the ball which all good soccer players have to do on 50% of their goals or assists is a terrible thing to wish upon a kid. ed. you should join our spec list. you are very erudite . please give us your email in one of your comments or call LInda at my office or write to us at specs _at_ mantrade.com . any other good readers who would like to be part of our natural philosophy affinity group of specs modeled after franklin and Maturin should join also as above. vic img.imageResizerActiveClass{cursor:nw-resize !important;outline:1px dashed black !important;} img.imageResizerChangedClass{z-index:300 !important;max-width:none !important;max-height:none !important;} img.imageResizerBoxClass{margin:auto; z-index:99999 !important; position:fixed; top:0; left:0; right:0; bottom:0; border:1px solid white; outline:1px solid black;}

  3. Ed on March 1, 2013 2:09 pm

    Victor, thank you for the offer. I will email the address you specified.

Archives

Resources & Links

Search