Sunday, May 19, 2024 Text is available under the CC BY-SA 3.0 licence.

Ed Seykota

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I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.
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Source: Schwager, Market Wizards, page 172, Read it here

 
Ed Seykota

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Candidly, I don't see the point of teaching those apes philosophy. They're all at the wrong age. Their habit-patterns, their methods of thinking, are already laid down. They're horribly conservative, not that they'd admit it. The only people who can understand philosophy are mature adults or kids like Emma and Scotty.

 
Lewis Padgett
 

Her mind has been conditioned unusually. It may be that she breaks down what she sees into simple, obvious patterns  and realizes a significance to those patterns that we can't understand. Like the abacus. She saw a pattern in that, though to us it was completely random.

 
Lewis Padgett
 

The first thing you’ve got to do is study and understand what we’re up against. You must realize that this is not a religion that you’re fighting against. You’re fighting against a theo-political belief system and construct. You’re fighting against something that’s been doing this thing since 622 AD - 7th century - 1388 years. You want to dig up Charles Martel and ask him why he was fighting the Muslim army at the Battle of Tours in 732? You want to ask the Venetian fleet at LePonto why they were fighting a Muslim fleet in 1571? You want to ask the Christian – I mean the Germanic and Austrian – knights why they were fighting at the gates of Vienna in 1683? You want to ask people what happened at Constantinople and why today it’s called Istanbul? Because they lost that fight in 1543. You need to get into the Qur'an, you need to understand their precepts, you need to read the Sunnah, you need to read the Hadith and then you can really understand this is not a perversion: They are doing exactly what this book says. I want to close by saying this, and I think we’ve said this all through this morning so far: Until we get principled leadership in the United States that is willing to say that, we will continue to chase our tail, because we will never clearly define who this enemy is and then understand their goals and objectives - which is on any jihadist website - and then come up with the right and proper goals and objectives to not only secure our republic, but to secure western civilization.

 
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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.

 
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People who understand their collective goals and values are pretty good at self-organizing -- as long as they are allowed to.

 
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