The Education of a Speculator

Why it’s on the list: Niederhoffer’s idiosyncratic self-account of how a speculator thinks — squash, board games, his father’s police work and markets, in one argument.

Where I saw it: @larpcapitalwc on X, December 27, 2025, making a quarterly re-read of it a new year’s resolution.

Connections

• Capital Allocation — risk-taking described from the inside, temperament and all.