The one thing that I didn't like in the book was how he trashed Jim Rogers because of a statement he made in 1989 in Market Wizards. Rogers said he didn't like to buy options because 80 to 90 percent of options expire worthless. He basically thinks Rogers is one of those lucky idiots who somehow made a fortune.
In another part of the book, he has nothing but praise for Victor Niederhoffer, who bankrupted his company trading options.
He lost a lot of credibility with me because of this. I did enjoy the book very much, except for these points.
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The one thing that I didn't like in the book was how he trashed Jim Rogers because of a statement he made in 1989 in Market Wizards. Rogers said he didn't like to buy options because 80 to 90 percent of options expire worthless. He basically thinks Rogers is one of those lucky idiots who somehow made a fortune. In another part of the book, he has nothing but praise for Victor Niederhoffer, who bankrupted his company trading options. He lost a lot of credibility with me because of this. I did enjoy the book very much, except for these points.