Great thread, I really enjoy it. Niederhoffer vs Taleb... In the very long run, they're both dead The trick is to: 1. Minimize the risk of blow out during one's lifetime (something VN isn't good at) 2. Attract more and more trading capital (something VN is probably good at) "Risk control is the most important thing in trading" - Paul Tudor Jones PTJ again: "The most important rule of trading is to play great defense, not great offense".