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