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)
“Awakening in the morning returns us to life, and to awareness of death.”
—Mason Cooley (b. 1927)