Victor Niederhoffer is one of the most famous speculators in the 20th century. He was originally a champion Squash player before becoming a speculator. In the mid 1990s, he nearly became bankrupt when long positions on the Thai Baht and other currencies moved against him very suddenly.
Mr. Niederhoffer has become a collector of various art and memorabilia, and was forced to sell off most of his silver artifacts after the Thai Baht debacle. He still maintains an extensive collection of antique books, pop art, musical scores and other artifacts at his sprawling home in Weston, Connecticut. Mr. Niederhoffer adheres to the libertarian philosophy.
Victor Niederhoffer is Chairman of Niederhoffer & Niederhoffer, Inc., a futures trading firm with approximately $100 million under management. The firm has rated top in its class for several years by the leading rating agencies. He has written numerous articles for scholarly and professional publications.
Books by Victor Niederhoffer:
". . . the best trading book of the young millenium. . . offers more trading 'truth' than a dozen typical market books combined. It's in a league of it's own." (Active Trader magazine)
You learn of Victor's own dramatic poignant personal acceptance of such responsibility. From his meteoric rise to top of the hedge fund world to his fall, in 1997, only to reinvent himself to make a return. Few have had a more spectacular fall from grace. He admits mistakes and clearly exposes an easy target for his critics.
The Education of a Speculator (Paperback)
The Education of a Speculator is a sojourn inside the one-of-a-kind mind of Victor Niederhoffer, a trader in commodities and a keen observer of life. He has trained himself to look at the world in a singular fashion: where the guy on the street sees opportunity, Niederhoffer has scoped out all the downsides and done the contrarian thinking necessary to turn a profit. Niederhoffer draws material from disciplines as varied as biology, music, cards, and sports. His book, written with humor and verve, offers readers a chance to see the world through his lenses. The result is a genuinely new perspective on life (unless you too happened to grow up a speculator). This is a terrific, rewarding book.