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Re: Victor Niederhoffer But don't be fooled into thinking that the distinction is quite as clear- cut as all that. Victor Niederhoffer, one of New York's best-known market traders, who has worked with Mr. George Soros for many years, wants us to know that investment, speculation and even gambling are all in fact "first cousins". . . “No matter how good you are, you're going to lose one-third of your games. No matter how bad you are, you're going to win one-third of your games. It's the other third that makes the difference.” - Tommy Lasorda . . “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch . . “In trading/investing, it’s not about how much you make but rather how much you don’t lose.” - Bernard Baruch .
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