The education of a speculator

In this book, Victor Niederhoffer shares his extensive experience and knowledge on trading and speculation.

He emphasizes the importance of rigorous testing, data analysis, and independent thinking.

The book draws parallels between various aspects of life, such as board games, casino gambling, and sports, to illustrate market strategies.

Niederhoffer also discusses financial panics, market trends, and his unique 'ecology of markets' analogy, where he compares market participants to different roles in an ecosystem.

The book is a mix of personal anecdotes, scientific approaches, and practical advice for aspiring traders.