Recent content by Hazard

>>>If confronted with a decision: a) a clear mind. surrounded with family and friends. making $20,000 a year. or b) $5,000,000 a year. alone...inability to be a social being I'd pick choice (A) everytime. No second guessing.<<< You guys kill me. Vic Niederhoffer gets up from his...

I think he gets it now. He'll tell you that survival is key, and that he took too much risk in Thailand in an attempt to stay on top. (In 1996, he was the top-rated hedge fund manager in the world, for all periods.) http://dailyspeculations.com/Letter/framework.htm His own account of 1997...

>that Taleb's fund. Yep. Nice of Gladwell not to report Empirica's results. If Taleb couldn't make money in a -24% maket, when exactly might that happen? Maybe that's why the trader turned to philosophy. And denigrating "lucky" folk like Nied. Envy needs comfort. I liked the philosophy...