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:
“Under the spell of moonlight, music, flowers or the cut and smell of good tweeds, I sometimes feel the divine urge for an hour, a day or maybe a week. Then it is gone an my interest returns to corn pone and mustard greens, or rubbing a paragraph with a soft cloth.”
—Zora Neale Hurston (1891–1960)
“The insolence of base minds in success is boundless; and would scarce admit of a comparison, did not they themselves furnish us with one in the degrees of their abjection when evil returns upon them.”
—Laurence Sterne (1713–1768)