The following remarkable video was edited from a longer Japanese documentary. Famed speculator and hedge fund manager Victor Niederhoffer is interviewed in his emptied-out mansion after he lost everything (“a staggering amount”) in the 1997 Asian Financial Crisis. Don’t miss the George Soros cameo with a bikini-clad woman.
As Joshua Wallis notes, the video is “a reminder of the perils of leverage and the consequences of unpredictability.”
Niederhoffer managed to dust himself off after this and achieve something of his former glory with his Matador Fund, which did very well until Niederhoffer blew up again in 2007. For more on Niederhoffer, see John Cassidy’s excellent 2007 New Yorker profile.
