Daily Speculations

The Web Site of Victor Niederhoffer and Laurel Kenner

Dedicated to the scientific method, free markets, ballyhoo deflation, value creation, and laughter. A forum for us to use our meager abilities to make the world of specinvestments a better place.

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Victor Niederhoffer

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Alex Castaldo
Omid Malekan
Phil McDonnell
Tim Melvin
Ross Miller
Andrew Moe
Tom Ryan
Dick Sears
Jim Sogi
Brett Steenbarger
Steve Wisdom
George Zachar
Kim Zussman

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Spec Links

There are certain people who are worthwhile reading whenever they express a thought. We are pleased to share some links to our favorites. 

Ross Miller of Miller Risk Advisors is one of the smartest economists we know. His timely market commentaries, essays and a very funny novel based on his experience running a legendary research lab at General Electric are available at www.millerrisk.com.

Dick Sears, chairman of our Old Speculators Association, follows George Gilder's stock picks at www.gtindex.com. Dick has made and lost and remade fortunes in tech stocks, and he chronicles the Gilder part of the roller coaster.

Jeff Sasmor is a techie entrepreneur whose cheerful ruminations are found at www.netkook.com.

Our friendship with psychiatrist/trader Brett Steenbarger has been one of the most beneficial of our lives. Brett wrote “The Psychology of Trading,” and offers his insights and archives on his personal Web site: www.brettsteenbarger.com.

An eclectic collection, not all our cup of tea, but a nice sampling of current thinking about Wall Street is presented at www.thinkingbull.com.

Sir Francis Galton is a hero for all speculators. Polymath, geographer, meteorologist, tropical explorer, founder of differential psychology, inventor of fingerprint identification, pioneer of statistical correlation and regression, convinced hereditarian, eugenicist, proto-geneticist, half-cousin of Charles Darwin and best-selling author. Learn about the great Victorian at the www.galton.org Web site.

Mark Mahorney brings together much good information on speculation at www.greatspeculations.com

Vincent Cavallo's Short Interest Wizard is well worth a look. www.tigersleap.com

Trader/Grandmaster Nigel Davies posts insights on chess, highly applicable to the market, at www.tigerchess.com.  

Our philosophy is that voluntary exchange, mutually beneficial transactions and self-improvement bring the greatest happiness in life as well as in the market. We recommend the following philosophical sites for those who wish to become more deeply acquainted with this line of thought.

http://cafehayek.typepad.com/hayek: Analysis of current events from the free market perspective.

www.marginalrevolution.com:The blog of libertarian political philosopher Tyler Cowen.

www.fee.org: The Web site of the Foundation for Economic Education.

www.free-market.net: Site of The Freedom Network.

www.objectivistcenter.org: The Objectivist Center is devoted to the philosophy of Ayn Rand.