Saturday, June 24, 2017 Text is available under the CC BY-SA 3.0 licence.

Aaron C. Brown


American author and financial trader.
Page 1 of 1
Aaron C. Brown
You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy.
Brown quotes
From the lottery to raise the funds for the founding of Jamestown, Virginia, in 1607 to the lottery used to pay the interest on Dutch loans to the United States during the Revolutionary War, the development of the United States was funded by gambling.
Brown
All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction.




Brown Aaron C. quotes
There's no way to know how good a player you are except by measuring against others.
Brown Aaron C.
If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times.
Aaron C. Brown quotes
Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refusal to do that.
Aaron C. Brown
There is a deep, ancient connection between gambling and divination.
Brown Aaron C. quotes
It is not that gambling imitates economic life, but that economic life is largely modeled after gambling.That was the idea of the original thinker John Law, made infamous with his bankruptcy; Aaron Brown, another original thinker, revives it and takes it further.
Brown
Mathematical theory, tested in practice and constantly retested, is a valuable aid to play. Mathematics alone will blind you and let others rob you.
Brown Aaron C.
Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying all around them.
Aaron C. Brown
Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.




Aaron C. Brown quotes
If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.
Aaron C. Brown
Fortunes made buying and selling securities have underwritten economic revolutions.
Brown quotes
But you can't ignore dense people-they're not unarmed; they're armed differently.
Brown Aaron C.
The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around.
Brown Aaron C. quotes
Many financial disasters can be traced to people who thought they were hedging.
Page 1 of 1


© 2009–2013Quotes Privacy Policy | Contact