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In a message dated 97-11-01 16:52:40 EST, knight@xxxxxxxxxxxx writes:
<<
Acutally, I thought his book was quite good. Definetely a wild trading
style though. :)
If you put aside his eccentric trading technique, many
of the stories, analogies and anecdotes are quite entertaining.
He's busted now Thad, but don't forget that he made alot of people
very rich, for a very long time. :) >>
Did he though? Soros on Soros states that he had the good grace
to "reseign the account" before he went to a loss position.
That is not the same as making a lot of money for....
There seems to be a confusiong between what is "gambling" and
what is "trading".
Gambling is where you put all the marbles on one outcome.
All or nothing at all.....winner take all....bets.
Trading is a percentage affair.
If you have a better definition feel free to add it. It appears that
Neiderhoffer was a gambler. He lost it all.
Soros....was only down 10%....obviously, a trader.
GerryB/jer33:3
learner/teacher
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