Sunday, November 23, 2008

Introducing Victor Niederhoffer ... this is not supposed to be just irritating for the sake of it.
Many of us Boomers, and I am an early instance by some reckoning, born May 8, 1945 ... assume that the commercial systems are a blight upon the planet and toss that baby as far as we can ... baby is lucky if there is any water along to cushion the landing. Victor, by that calculation, is not one of us. He has been up to his ears in money and making it from the get-go and is still only fascinated by the ramifications surrounding the enterprises. However, he bears the marks of one who has over-extended and been ruined in a number of ways ... in the present context his words ring true with the wisdom of experience and a view that is not stuck in the moaning over lost assumptions. One story is that in 1997 he made a bad trade that cost he and his friends 100 Million in a few hours, leaving him once again in ruin and there were people at the time who, thinking that the poetry of justice was at work, resented the fact that George Soros lent him 10 Million to get back on his feet again. If that makes no sense at all to you, maybe the Boomeritus is too far advanced. At any rate here is his blog which is a running, non-MSM commentary on the $ issues of the day ....

http://www.dailyspeculations.com/wordpress/

No comments: