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)
“Any man today who returns from work, sinks into a chair, and calls for his pipe is a man with an appetite for danger.”
—Bill Cosby (20th century)