Practical Speculation

The follow-up to his critically and commercially acclaimed book The Education of a Speculator (Wiley: 0-471-13747-2) has finally arrived. Adventures in 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 returns to the world of trading stocks, futures, and options, with a new colleague and a new approach. With an inside look at risk and survival, this book offers readers a compelling and inspiring story of how this top trader reinvented himself.