Any thoughts on this article?

Great thread, I really enjoy it.

Niederhoffer vs Taleb...
In the very long run, they're both dead :(

The trick is to:

1. Minimize the risk of blow out during one's lifetime
(something VN isn't good at)

2. Attract more and more trading capital
(something VN is probably good at)

"Risk control is the most important thing in trading" - Paul Tudor Jones

Quote from TriPack:


It reminds me of the classic basketball matchups between Wilt Chamberlain and Bill Russell. Some may argue that Chamberlain was the most dominating offensive player of all time. Others may say that Bill Russell was the most effective defender in the game. When it came down to championships, Bill Russell's team always came out on top. Maybe defence is more important than offence?
More...

PTJ again: "The most important rule of trading is to play great defense, not great offense".
 
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