“And then there’s the greatest error of all, which is that I had delusions of grandeur.”

If it’s true that people learn more from their mistakes than their successes, then Victor Niederhoffer has endured a fantastic amount of learning over the last fifteen years. Kathryn Schulz, author of Being Wrong: Adventures in the Margin of Error, published a fascinating interview with Mr. Niederhoffer where he discusses his very public failures and their ensuing consequences. His willingness to dispassionately judge the how and why of what went wrong offers a lesson that all investors can benefit from. Read the whole thing here.