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Description of Practical Speculation

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.

Title Information

ISBN:

9780471443063

Pages:

400 pages

Format:

Hardback

Product Code:

15649

Publisher:

John Wiley & Sons Inc

Published:

25/03/2003

Edition:

1st Edition

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About Victor Niederhoffer and Laurel Kenner

VICTOR NIEDERHOFFER's storied career as a speculator spans more than twenty-five years. He began speculating in commodities in the 1970s, and through 1997 held one of the most successful track records of any hedge fund manager. He currently manages money for overseas clients and trades for his own account. Niederhoffer is the author of the critically acclaimed and bestselling Education of a Speculator, and has written numerous articles for scholarly and professional publications including the Financial Analysts Journal. A magna cum laude graduate of Harvard (1964) and the University of Chicago (PhD 1969), Victor taught finance at Berkley and founded Niederhoffer, Cross & Zeckhauser, a mergers and acquisitions firm that was a leader in the field for many years. During the 1970s he dominated the squash world, claiming the world title in 1976. He currently writes a weekly column for CNBC Money with Laurel Kenner. LAUREL KENNER is a financial writer. Her columns on the stock market, co-written with Victor Niederhoffer, have appeared on CNBC Money, worldlyinvestor.com, and TheStreet.com. Her journalism career includes five years as chief U.S. stocks editor at Bloomberg News and five years as an award-winning aerospace reporter for Copley Newspapers. She holds a degree in classical piano from the University of California at Los Angeles.

Contents of Practical Speculation

Introduction

PART I: MUMBO JUMBO AND MOONSHINE

1. The Meme
2. Earnings Propaganda
3. The Hydra Heads of Technical Analysis
4. The Cult of the Bear
5. 'We're No. 1' Usually Means 'Not Much Longer'
6. Benjamin Graham, Mythical Market Hero
7. News Flash: Computer Writes Stock Market Story!

PART II: PRACTICAL SPECULATION

8. How to Avoid (Spurious Correlations)
9. The Future of Returns
10. The Periodic Table of Investing
11. When They Swing for the fences, We Run for the Exits
12. Boom or Burst?
13. Market Thermodynamics
14. Practical Market Lessons from the Tennis Court
15. The Fine Art of Bargaining for an Edge
16. An Amiable Idiot in the Biotechnology Revolution
17. Finale

Afterword
Notes
Index