You tell em PPer Trader Luger!Victor Niederhoffer sounds like a smart and accomplished wise guy/trader in this interview and elsewhere,
But he blew up in 1997 and 2007,
Losing, or dieing, in war...is basically losing, or dieing, in war. and Trading is a war battlefield.
It's your job as a fund manager of yourself or anyone else's money...is to be able to manage and foresee all variable risks,
War history books mainly only cover, and care about, the winners,
There's a fine line in trading between deciding to chase big returns and be a Maverick Joker...or a conservative War General,
I'm not necessarily saying which side is better to choose -- but you just have to know and be aware of the market and battlefield you're playing in, along with all of its potential pitfalls and whammies and surprises and other elements,
All it takes is just one fuck up, to virtually overshadow everything else of your accomplishments and polished history.
Kind of like Bill Clinton -- everyone virtually knows him, or recalls him, for his appetite for that pussy scandal,
I'm sure Victor Niederhoffer is/was an excellent market speculator...but also a jackal,
Who was bitten by a snake that left him crippled, or surprised by a bigger cat,
The market is essentially a War Zone with humans and terrain and strategic planning and assumptions and equipment.
Or...it's the African Savannah with animals. or a South American jungle with various animals.
(don't leave nothing to chance or assume anything for Survival)
I know all these words may sound like Hindsight... generic theory mumbo jumbo -- But it's all about how you apply it, and personally interpret it, and foresee it,