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The Education of a Speculator
 
 

The Education of a Speculator (Paperback)

by Victor Niederhoffer (Author) "Remarks Against Brooklyn claimed 40,000 members and counted 3,000 slanders in 1946 ..." (more)
4.2 out of 5 stars See all reviews (9 customer reviews)
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Product details

  • Paperback: 444 pages
  • Publisher: John Wiley & Sons; New edition edition (16 Mar 1998)
  • Language English
  • ISBN-10: 0471249483
  • ISBN-13: 978-0471249481
  • Product Dimensions: 22.4 x 15 x 3.6 cm
  • Average Customer Review: 4.2 out of 5 stars See all reviews (9 customer reviews)
  • Amazon.co.uk Sales Rank: 16,986 in Books (See Bestsellers in Books)

    Popular in these categories:

    #1 in  Books > Business, Finance & Law > Professional Finance > Investments & Securities > Commodities
    #24 in  Books > Biography > Biographies & Memoirs
    #32 in  Books > Study Books > Professional > Business & Management > Accounting
  • See Complete Table of Contents

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Product Description

Review
"One of the great tours de force of investing literature, a must for any serious investor′s library."–Barron′s

"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

". . . a compelling and an entertaining read."–The Wall Street Journal

"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 & Bottom Line/Personal

"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

". . . 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

George Soros, Principal Investment Advisor, The Quantum Fund
"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

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Inside This Book (Learn More)
First Sentence
Remarks Against Brooklyn claimed 40,000 members and counted 3,000 slanders in 1946. Read the first page
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Customer Reviews

9 Reviews
5 star:
 (5)
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 (3)
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Average Customer Review
4.2 out of 5 stars (9 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
2 of 2 people found the following review helpful:
4.0 out of 5 stars Late developments shed new look on this fine book., 29 Sep 1998
By A Customer
I have a great deal of respect for Mr. Niederhoffer and his idea, but the Sept. 29, 1998 "Chicago Tribune" states: "Victor Niederhoffer lost everything last year in a highly leveraged bet, ruining a successful track record that he had just immortalized in a popular autobiography, "the Education of a Speculator". It made me realize that, having just a fraction of Mr. Niederhoffer's knowledge, I have little chance of being a successful speculator, given these unfortunate turns of events. Nonetheless, reading his anecdotes has given me certain insights.
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2 of 2 people found the following review helpful:
5.0 out of 5 stars A masterly book on investing, gambling, gaming and living., 24 Sep 1998
By A Customer
This is one of my favourite books and I am astonished by so many negative comments. As in his trading career Niederhoffer always goes against the crowd. Anyone seeking "rules" for investment will not find them here but they might just learn why no such rules can exist. Drawing together strands from nature, sport, board games, gambling and the greatest game of all - life - Niederhoffer weaves a beautiful tapestry. This book is one of the most insightful and thought-provoking I have ever read and I constantly return to its wisdom. It's obviously not to everyone's taste but there is more knowledge here than in a shelf of get-rich-quick books.
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3 of 4 people found the following review helpful:
4.0 out of 5 stars Amusing and educational though too pessimistic, 13 Aug 1999
By A Customer
Victor Niederhoffer was an elite trader, equal or better than anyone mentioned in "Market Wizards" and "The New Market Wizards" with perhaps only a few exceptions. Mr. Niederhoffer is a consumate statistician; hence his trading philosphy is heavily biased towards various types of short term statistical relationships. However, I am guessing that he mainly relied on his discretion despite his mathematical proclivities. Victor paints a very doom and gloom picture for would be traders. It seems that he is projecting his failure onto us, the readers. I was also a bit irritated at his constant references to George Soros, whom we all know is the world's second best speculator. I do not know what compelled Mr.Niederhoffer to completely disregard a sound risk or money managment strategy on that fatefull day. Though I can say this, most people who take cheap shots at him really should not, they most likely do not even have an iota of Victor's intelligence. Many great speculators have blown out and come back with a vengence. Look at Richard Dennis. If Victor Niederhoffer were to make a comeback, I am certain he would have no problems raising the neccesary capital and in no time, reassert his dominance.
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Most Recent Customer Reviews

5.0 out of 5 stars Outstanding - Strong Buy
Beautifully written. VN whisked me into his childhood and what a journey. The key thing I learned from this book is that speculating is a game and if you cannot accept this don't... Read more
Published on 14 Oct 2005 by SIMON GORDON

5.0 out of 5 stars not excellent, but well worth the money
You will not find advice on how to get rich in this book. It 's a biography of Victor Niederhoffer written by himself. Read more
Published on 31 Mar 1999

5.0 out of 5 stars not excellent, but well worth the money
You will not find advice on how to get rich in this book. It 's a biography of Victor Niederhoffer written by himself. Read more
Published on 31 Mar 1999

5.0 out of 5 stars This is truly a landmark book in the field.
I am a bit surprised by the very negative tone of many of the reviews. I suppose any book that is as significant as this will be be threatening or confusing to some. Read more
Published on 26 Dec 1998

4.0 out of 5 stars Simplicity is not his strong point, but nonetheless...
Mr. Neiderhoffer didn't feed me, he taught me how to make bread.
Published on 24 Sep 1998

1.0 out of 5 stars Would rather read a road sign!!
If your intentions are to pick up bad trading advice then this book is for you. A one star rating, in my eyes (and quite a few more readers I may add) is one star too many... Read more
Published on 22 Sep 1998

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