Returns
Niederhoffer Investments returned 35% a year from inception through 1996, when MAR ranked it the No. 1 hedge fund manager in the world. In 1997, Victor published a New York Times bestselling book, The Education of a Speculator.
In statistical terms, I figure I have traded about 2 million contracts, with an average profit of $70 per contract (after slippage of perhaps $20). This average is approximately 700 standard deviations away from randomness.Read more about this topic: Victor Niederhoffer
Famous quotes containing the word returns:
“So cruel prison how could betide, alas,
As proud Windsor, Where I in lust and joy
With a king’s son my childish years did pass
In greater feast than Priam’s sons of Troy?
Where each sweet place returns a taste full sour;”
—Henry Howard, Earl Of Surrey (1517?–1547)
“Only passions, and great passions, can raise the soul to great things. Without them there is no sublimity, either in morals or in creativity. Art returns to infancy, and virtue becomes small- minded.”
—Denis Diderot (1713–1784)
“Awakening in the morning returns us to life, and to awareness of death.”
—Mason Cooley (b. 1927)