I also read his first book, it is an interesting book but I came away with the impression that it was half-baked. The book by his mentee Toby Crabel is much better.
You made me curious, so I looked it up. His book was written 27 years ago, so I wonder how those patterns hold up today? Even the first review on Amazon is 19 years old.
A relevant quote from another review:
"Toby is a successful hedge fund manager, having worked for Victor Niederhoffer before starting his own company. Toby's returns are good, but his risk management is far better. Toby's funds have grown primarily due to his excellent risk management skills as opposed to his returns. In layman's terms this means that he hardly ever loses money but he doesn't make much for his clients. This is actually fairly unique and he should be commended for finding this niche in the business.
I should say that I do know both Toby and Victor, although they are just industry acquaintances, not friends, and I have not seen them in a many years."
More on him from Wiki:
"
Toby Crabel is a United States
commodities trader. In 2005, the
Financial Times called Crabel "the most well-known trader on the counter-trend side".He is the fund manager of "Crabel Capital Management," which has previously ranked highly on
Absolute Return magazine's list of
US groups with more than $1 billion
Assets under management. Crabel managed 3.2 billion dollars with growth of 16.7% in 2005. Crabel has a strong record of positive returns, having avoided a single losing year between 1991 and 2002...
In January 1992, he started running his flagship Diversified Futures program. During 1998, he ran his
hedge fund out of his house, located in a rural area northwest of
Milwaukee. Diversified Futures closed to new investments in 2001 and had positive returns from inception through 2006."
His fund performance:
http://ctaperformance.com/crabel
In 2008 they were only down -1%...
...in regards to his trading strategy and ideology.