#21624
Mentioned in 3 episodes
The education of a speculator
Book • 1997
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.
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.
Mentioned by
Mentioned in 3 episodes
Recommended by Petr Pinkhasov as a transformative book that changed his perspective on markets and led him to learn how to backtest and code.
18 snips
Trading Market Turmoil: Any System is Better than No System | OPM Trader Talks with Petr Pinkhasov of Anthem Capital Management
Mentioned by 
Brett Steenbarger as an influence, introducing him to a quantitative approach to markets.
Brett Steenbarger as an influence, introducing him to a quantitative approach to markets.
Interview With Brett Steenbarger: Masters in Business (Audio)
Recommended by Brandon as a book Purple Drink would enjoy because of its focus on backtesting and market analysis.
Purple Drink Capital (Pt. 2): Trading, Psychology, and Crude Oil
Recommended by Petr Pinkhasov as a transformative book that changed his perspective on markets and led him to learn how to backtest trading strategies.
Trading Market Turmoil: Any System is Better than No System | OPM Trader Talks with Petr Pinkhasov of Anthem Capital Management
