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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: 249443 who wrote (16757)	4/4/2003 12:37:35 PM
From: Dale Baker	Read Replies (1) \| Respond to of 78530

Next on my bookshelf to read - will post here when I am done, with some impressions.

To: 249443 who wrote (16757)	4/4/2003 10:13:22 PM
From: 249443	Respond to of 78530

Practical Speculation by Victor Niedenhoffer My initial reaction: I was embarrassed that Vic could write that Buffett is basically overrated and downplay Warren's success. Don Luskin did the same thing on national TV and in print. Don failed miserably as an investor. Maybe Vic could have made the Warren argument prior to '97, but in my view if you lose all of your chips and go belly up -- then you can't criticize, with credibility, someone with Warren's track record. Just my opinion.

To: 249443 who wrote (16757)	4/8/2003 3:38:33 PM
From: Bob Rudd	Respond to of 78530

I own his previous work which remains largely unread. In the first chapter, he describes a currency bet, which would have left him broke had it not turned at the last minute - he was demonstrating self-perception as a gutsy, macho trader, I guess. I decided he was a fool who dealt with risk inapproppriately...he later used similar tactics and lost all the money investors had entrusted him with. I recently saw him in an interview...he needs his dosage adjusted or something, the guy's just not right. Criticism from Vic is a complement to Buffett, IMO. Few people on the planet are better at dealing with risk than WEB...few are worse at it than Vic. If you're curious about the book, check the library, don't waste money buying it.