Famous American hedge fund manager, Victor Niederhoffer says the best way to achieve success is to master all the rules for disaster and then concentrate on avoiding them as there are so many ways to lose, but so few ways to win the investment battle.”A speculator must think for himself, must follow his own connections. Self-trust is the foundation of successful effort. Don’t follow the mentally lazy habit of allowing a newspaper or broker or a wise friend to do our security market thinking,” he wrote in his book, “Practical Speculation”.
