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Practical Speculation

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  • Anonymous

    Posted July 2, 2005

    A masterful work by a master

    Having observed Victor Neiderhoffer for a number of years, it comes as no surpise to me that this book has gained its share of criticism. The very peculiarity of the markets is that the majority of short and intermediate term participants will choose to keep themselves from comprehensively testing their own beliefs before commiting their capital into the zero-sum game. Victor has made a commendable stand in the world of the free markets by exhorting us to test, test and test again all that can be tested. I estimate the majority of people that encounter Vic will find his irreverent and systematic debunking of myths very disturbing. It it bound to meet with resistance. Those that aspire to remain players for a lifetime will take more careful note of Vic's search for truth and value.

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