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Masters in Business

Victor Niederhoffer: Lessons of Making and Losing a Fortune

Masters in Business

Bloomberg

Investing, Entrepreneurship, Business

4.42.2K Ratings

🗓️ 15 September 2017

⏱️ 66 minutes

🧾️ Download transcript

Summary

Guest: Victor Niederhoffer

Transcript

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0:00.0

This episode is brought to you by Acre Trader Financial LLC, the farmland investing platform.

0:06.8

Did you know that farmland is a real asset with historically low volatility during times of financial stress?

0:13.2

Visit Acre Trader.com slash masters for a free guide to farmland investing.

0:19.1

This is Lisa Bramoyts here to tell you about another podcast we think you'll enjoy listening to.

0:24.0

Bloomberg Surveillance. Join Tom Keane, Jonathan Farrow, and me every weekday for a unique perspective

0:29.7

on the world's economics, finance, and investment.

0:32.4

Plus, insight from the names that shaped the world's markets.

0:35.5

Savage Solomon, the Goldman Sachs, CEO.

0:37.5

Ian Brammer of Eurasia Group.

0:39.0

Pleasant said president of Red Amesta.

0:40.6

Subscribe to Bloomberg Surveillance today on Apple, Spotify, or wherever you get your podcasts.

0:50.4

This is Masters in Business with Barry Redholtz on Bloomberg Radio.

0:55.8

This week we have a special extra podcast.

1:01.7

It's my interview with Victor Niederhofer.

1:04.9

He is the author of Education of Aspeculator.

1:08.5

And really is quite an accomplished and fascinating person.

1:13.8

He has made and lost several fortunes, primarily by using lots of leverage.

1:21.8

And by being on the other side of the trade from a number of Black swans.

1:28.0

And if you think about taking the other side of the trade from Nassim Taleb,

1:32.9

well, when you're right, you're going to make money.

1:35.2

But when you lose, you're wrong.

1:36.8

You're going to lose a ton of money.

...

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