Jun

22

The different beaches in Coney island and Brighton beach all have their nitches and there is no mixing or migration between them and some are totally crowded and some are empty. One of my favorites is the hasidic Jewish beach which always reminds me of irving redels patented method of getting his property taxes reduced by transporting. I like the Hispanic beach also, which is always jammed and where there is loud music and horse play all the time. What lessons can one learn from these pristine beaches which are so clean these days and near the Ferris wheel, the w. 4th handball courts, the old checker tables, and other distractions.


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  1. Ralph Di Fiore on June 22, 2010 12:39 pm

    Greetings from Canada Victor. I do not have a specific comment on beaches but I would like to express my gratitude to you for instilling in me the mindset that is able to draw parallels and lessons from the many aspects of our existence on this little blue dot. I have noted since I first came in contact with your writings in Education of a Speculator that this is a common theme in your approach to life. I would also like to thank you for this site and the great mental stimulation it provides all those who read it. To cite only one example, Bacon’s law of the ever changing cycles alone has been very useful to me in life. I hope to make the trek to Manhattan this summer to meet you and some of the other fine indiviudals who contribute to this site at one of your monthly meetings.

  2. Jeff Watson on June 22, 2010 3:57 pm

    The beach is the best place in the world. Here’s some surfing in my hood. http://www.youtube.com/watch?v=-CM3CH5HUAo

  3. lg on June 23, 2010 3:57 pm

    http://slate.com/blogs/blogs/thewrongstuff/archive/2010/06/21/hoodoos-hedge-funds-and-alibis-victor-niederhoffer-on-being-wrong.aspx

  4. Viraf "Willy" Reporter on June 24, 2010 12:31 am

    Sorry, off-topic from this post but I just had to find a way to drop you a note… and let you know how much I enjoyed your frank and heartfelt opinions in your interview with Kathryn Schulz for Slate.

    Best of luck in the markets of life!
    /wr
    Hoboken, NJ

  5. vic on June 24, 2010 11:37 am

    Thanks for the kind thoughts about my interview on errors. I thought originally that the author wanted to speak to me about the principles of how not to make errors. And I felt that subjective utility theory, and inventory theory, and the statistical trade-offs between type 1 and type 2 errors, and most importantly not asking the rite questions, and giving the rite answers to the wrong questions mite be relevant. But the author I thought did a very good job, and the readers are more interested in how I failed, and whether I am sufficiently humbled. I am. vic

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