The follow-up to Victor Niederhoffer's critically and commercially acclaimed book The Education of a Speculator has finally arrived. Practical Speculation continues the story of a true market legend who ran a hugely successful futures trading firm that had annual returns of over thirty percent until unforeseen losses forced him to close operations. Like a phoenix rising from the ashes, Niederhoffer returned to the world of trading stocks, futures, and options, with a new colleague and a new approach and found success. Order your copy of this compelling story of risk and survival today.
Author(s): Victor Niederhoffer, Laurel Kenner
Edition: 1st
Publisher: Wiley
Year: 2003
Language: English
Pages: 403
Practical Speculation......Page 6
ACKNOWLEDGMENTS......Page 10
CONTENTS......Page 14
Introduction......Page 16
Part One: Mumbo Jumbo and Moonshine......Page 36
1 The Meme......Page 38
2 Earnings Propaganda......Page 58
3 The Hydra Heads of Technical Analysis......Page 86
4 The Cult of the Bear......Page 130
5 "We Are Number One" Usually Means "Not Much Longer"......Page 148
6 Benjamin Graham: Mythical Market Hero......Page 180
7 News Flash: Computer Writes Stock Market Story!......Page 188
Part Two: Practical Speculation......Page 196
8 How to Avoid Spurious Correlations......Page 202
9 The Future of Returns......Page 220
10 The Periodic Table of Investing......Page 232
11 When They Swing for the Fences, We Run for the Exits......Page 250
12 Boom or Bust?......Page 262
13 Market Thermodynamics......Page 278
14 Practical Market Lessons from the Tennis Court......Page 296
15 The Fine Art of Bargaining for an Edge......Page 306
16 An Amiable Idiot in the Biotechnology Revolution......Page 316
17 Earnings Impostors......Page 328
18 Finale......Page 356
Afterword......Page 382
Notes......Page 384
Index......Page 392
