Victor Niederhoffer was a hedge fund industry superstar until he blew up his account in the 1997 Asian Financial Crisis. He had to liquidate his fund and personal assets in order to pay back the losses. He is a very intelligent man and by reading his books, “The Education of a Speculator” and “Practical Speculation”, I can see his depth of thinking. A PhD holder, a chess expert and a national squash champion. There is no doubt in his ability. He views the market as having similarities to squash playing, chess moves, music and many other activities. Niederhoffer went on to manage George Soros’ fixed income and foreign exchange portfolio. They are good friends and often play tennis together. I have a speculation why Soros did so and will explain to you later in this article. Nassim Taleb should be more familiar to you. He is the international bestselling author ......