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:
“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)
“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)