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The Education of a Speculator
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The Education of a Speculator Paperback - 1998

by Victor Niederhoffer

A top trader's story, written in his own words, "The Educator of a Speculator" is a fascinating tale that intertwines the complete life and education of a top commodity trader with his successes and failures in the market. Includes a controversial analysis of the Hillary Clinton trading affair. Illustrations.


From the publisher

Victor Niederhoffer, eine exzentrische, au ergewhnliche Persnlichkeit und ein u erst erfolgreicher Brsenhndler, erzhlt seine wirklich faszinierende Geschichte: Sein Leben, seine Ausbildung, seine Erfolge und Fehler, Gewinne und Verluste. In einem Geschft, in dem es von Scharlatanen wimmelt, erfrischen derart realistische Worte. Mit vielen Hintergrundinformationen am Rande, beispielsweise ber die Hillary-Clinton-Affre. (06/98)

From the rear cover

Acclaim for The Education of a Speculator, a provocative and penetrating look into the mind, the soul, and the strategies of one of the most controversial traders of all time

"A compelling and an entertaining read." -The Wall Street Journal

"Victor Niederhoffer gives us page after page of distilled investment wisdom. Taken together, this is pure nectar to those who aim for consistently superior stock market performance." -Barron's

"The Education of a Speculator offers plenty of insights into the way markets work, but the epiphanies are what a reader might expect from Lao-tzu rather than, say, Graham and Dodd." -Worth magazine

"The Education of a Speculator is the first meaningful book on speculating. Successful speculating is as fine an art as chess, checkers, fishing, poker, tennis, painting, and music. Niederhoffer brings forth the best from each of these fields and shows the investor how their principles can enrich one's life and net worth." -Martin Edelston, President, Boardroom Inc., publishers of Boardroom Classics and Bottom Line/Personal

"With an original mind and an eclectic approach, Victor Niederhoffer takes the reader from Brighton Beach to Wall Street, visiting all stops of interest along the way. What emerges is a book full of insights, useful to the professional and layman alike." -George Soros, Principal Investment Advisor, The Quantum Fund

Details

  • Title The Education of a Speculator
  • Author Victor Niederhoffer
  • Binding Paperback
  • Edition 2nd Ptg Per Num
  • Pages 464
  • Volumes 1
  • Language ENG
  • Publisher Wiley, New Jersey
  • Date 1998-02
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9780471249481 / 0471249483
  • Weight 1.55 lbs (0.70 kg)
  • Dimensions 9 x 5.9 x 1.1 in (22.86 x 14.99 x 2.79 cm)
  • Library of Congress subjects Speculation, Commodity exchanges - United States
  • Dewey Decimal Code B

About the author

VICTOR NIEDERHOFFER's storied career as a speculator spans more than twenty-five years. In the introduction to Practical Speculation, Vic describes the rollercoaster his hedge fund rode from No. 1 in 1996 to the debacle in 1997 that forced him to close his fund. Rather than giving up, he wrote this book "figuring that by trying to teach others, I might learn something myself," apparently with some success. Niederhoffer was ranked No. 6 for the year 2003 among 200 managed futures hedge funds in the TASS database, and is No. 4 in the performance rankings through mid-2004. Niederhoffer is the author of the critically acclaimed Education of a Speculator as well as numerous groundbreaking academic articles about markets. A magna cum laude graduate of Harvard, he holds a doctorate in economics from the University of Chicago Graduate School of Business. He is a five-time national champion in squash and claimed the world title in 1976.

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