Search results
Oct 8, 2007 · Wisdom, a clean-cut man of forty-six, met Niederhoffer twenty-five years ago, in New York City, when Wisdom was a philosophy major at Harvard and the chairman of the university’s Libertarian...
- Hedge Funds
The sovereign-debt investor, best known for a fifteen-year...
- Behavioral Economics
Read more about Behavioral Economics from The New Yorker
- Stock Market
Read more about Stock Market from The New Yorker
- Hedge Funds
Niederhoffer is also the founder of the NYC Junto, a libertarian group that was hosted on the first Thursday of every month from 1985 to 2017. He is an enthusiast of Ayn Rand, and named two of his daughters Galt and Rand. [27]
Charles Munger on Niederhoffering the Curriculum. Sunday, January 6th, 2008. I’ve already mentioned that Berkshire Hathaway’s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits — like this bit on Niederhoffering the curriculum: There was a wonderful example of gaming a human system in the career of ...
M ATAWAN, NJ — Every two years, there is an election for who will represent New Jersey's Sixth Congressional District in U.S. Congress. "NJ Six," as it's called, has been represented by ...
- What Was His Strategy?
- Did This Work?
- What Was His Best Trade?
- What Can We Learn from Niederhoffer?
In the late 1960s, many academics believed in the efficient market hypothesis, ie, that stock and asset prices embody all available information, making it impossible to beat the market. Niederhoffer set out to disprove the theory by finding evidence of market anomalies, such as the fact that stockmarket returns tend to be higher on certain days of ...
Niederhoffer's career was characterised by long periods of success followed by dramatic collapses. After making $5m in the market on his own, he had a successful career with Soros. Initially, his investment funds would do even better, but they suffered crippling losses in the 1997 Asian financial crisis, forcing him to return the remaining money to...
Niederhoffer made a series of bets in 1979, believing that rising inflation would lead to interest-rate rises and drive down bond prices. He sold US Treasury bonds and aggressively bought gold and silver. He turned an initial $50,000 stake into $10m by early 1980 ($32.6m in 2014 prices). However, the value of his portfolio plunged to $5m before he ...
His rigorous data analysis and willingness to investigate any relationship that might give him an edge made him one of the first Wall Street "quants" traders who use statistics to produce very large returns. However, his two meltdowns demonstrate how using large amounts of leverage can lead to catastrophic losses, especially when markets turn out t...
Niederhoffer became a partner of Soros and managed all of the fixed income and foreign exchange from 1982 to 1990. Soros said in The Alchemy of Finance that Niederhoffer was the only one of his managers who retired voluntarily from trading for him while still ahead. Soros held Niederhoffer in such high esteem that he sent his son to work for ...
People also ask
When does Niederhoffer meet a libertarian?
What does Victor Niederhoffer believe in?
What is Niederhoffer's investment philosophy?
Why did Soros resign from trading for Niederhoffer?
What was Niederhoffer's career like?
Is Victor Niederhoffer Jewish?
Apr 13, 1975 · Niederhoffer is a vibrant, 19th ‐ century economic libertarian, “a tremendous believer and devotee of the freedom philosophy, of the creative power of business. I love capitalism,” he says ...
