[DcifrThs]

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There's nothing wrong with going broke multiple times if you are a trader. Just part of the tuition.

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Hopefully, after the first time you've learned something about risk management [img]/images/graemlins/smile.gif[/img]

However, in this case, Cat is not talking about newbie traders. These guys blew up primarily from Black Swan events; and there are still things you can learn from both their methods and blowups.

So, I wouldn't write them off as fast as DC seems to be saying. People trade using these methods, and if you want to be successful, it pays to understand all the methods used by your competition.

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is there a good brief summary of people like niederhoffer's stories (w/o a lot of excess commentary)?

i agree that we should study what they did and what the world looked like from their eyes and what they were exposed to that wasn't necessarily plausible to see from their vantage point.

id love to read a bunch of condensed versions of stories like LTCM's but not in "when genius failed" book form.

any suggestions?
Barron