YouSaid · the spoken record

Victor Niederhoffer

lines on the record: 60
first: 2017-09-15
most recent: 2017-09-15
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I was one of the first to buy that computer and I bought one from my younger brother, Royniederhofer. And he and I, he was about 10. At the time He subsequently Developed a game business where he had about 75 of his colleagues in elementary and high school working for him. And I then used that radio shack computer, which had about 15,000 bits of memory. To program a systematic multivariate time series program with young assistant of mine named Susan. Who was so good at programming and so efficient and also very good at racquetball that ultimately We started living together and it's about, we've been married for 30 or 40 years. And been with each other for about 50 years, 45 years.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“I was not an investment banker. People used to try to criticize me and say that I sold businesses the way Colgate sold toothpaste. Which I took as a great compliment. And one of those aspects, I was visiting Tandy Corporation.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Started before people were really thinking of that. I'll tell you how it started. It started in unique fashion that probably has never happened before. When I got into business I started a business. In being a merger broker, we're called finders in those days.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Need to, there are some people who do a lot of counting, and I'm happy to say that I invented what's perhaps the major The major utilized tool in counting. Invented that 30 years ago, basically the idea that they're a multivariate time series relations between markets that vary by day and time of The day, and that has become the mainstay of many of the many thousands of my Competitors and followers have. Used my program of variance of it, which I invented 30 years ago.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the beautiful aspect of speculation is that it's all encompassing. It covers every economic, political, psychological, and biological facet of life. And in order to be good at it, Need to have a grounding and an appreciation of all these subjects besides being systematic and knowing how to count.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I believe that order to be successful at speculation, you have to be very systematic, you have to do a lot of counting. And you have to have a scientific mien. But also, I don't believe that Algorithms and robot trading is the secret to success. I believe you have to have a Higher framework, my higher framework involves a combination of ecology and statistics. Biology And it's very important for anyone who wants to be successful. To have a good foundation that overrides the ephemeral and the transitory aspects of the market.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“She beat me 21 to 12. So a lot has changed. I had played on those same courts 50 years ago. About 58 years ago. And one, what was then called the The national paddle ball championships, which they played with a tennis racket in those days. 55 years I went from the top to And also ran, and the markets like that also.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Did win the U Amateur championships five times and the North American pro, which at that time was the World Championships once. And I was in the top 10 in racquetball, so I. Did a lot of racket playing and But like everything else Successors fleeting. Last week Had a challenge match with your colleague Joe Weisenthal.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I wish I was half the man my father. And you might as well, since the one thing that I really have been very successful at was my racket's career. A very famous rackets player named Steve Keeley, who was the Number one racketball and paddle ball player in the The world in the mid 70s. And he once described me as the best all-around racquet player in history.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source
“Well what a policeman he was. He was in the class of nineteen thirty seven. which was the first time that civil service exams were given for policemen. Before that it was based upon Who you knew and Your ethnicity So That class. Which was in the middle of the Depression. They had about 50,000 applicants for two hundred fifty jobs. And the two hundred and fifty jobs were. Decided based on a combination of physical IQ and intelligence IQ. So, all the people in that class, including my father, were geniuses. My father Was a four letter man at Brooklyn College. A PhD and a law degree and he was a founder of John Jay. College and university, which at that time had 15 students and now has 18,000. And he was omniscient. Always had a very intellectual background and a physical background for my family.”
2017-09-15 · Masters in Business · Victor Niederhoffer: Lessons of Making and Losing a Fortune · IDENTIFIED FROM THE TRANSCRIPT · source