I am troubled... that someone would sell a book, trading on their former service as a government insider with access to our nation's most valuable intelligence, in order to profit from the suffering that this nation endured on September 11, 2001.
Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.
My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely only a few thousand successful practitioners in the world today. Macro trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
A key U.S. initiative in this trade war must be to develop reliable trading partners in the world.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.
To be able to compete, we've got to improve our education system, our litigation environment, our tax code, our health system and our trading policies if we're going to be as strong economically in the years ahead.
The critical ingredient is a maverick mind. Focus on trading vehicles, strategies and time horizons that suit your personality. In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline).
We've seen it in the last U.S. presidential campaign 2016: both sides were trading graphs and circulating data visualizations to make their point. So the political establishment is waking up to the power of a good graph as well.
Our civility, England determines the style of, inasmuch as England is the strongest of the family of existing nations, and as we are the expansion of that people. It is that of a trading nation; it is a shopkeeping civility. The English lord is a retired shopkeeper, and has the prejudices and timidities of that profession.
The yen is trading where it's trading because people are guessing about people's future interest rates, dollar and yen and about the future growth potential of the economies. And, if this policy works, then the yen will probably strengthen.
We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.
As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe and over time it threatens the entire integrity of the global financial system and the global trading system.
I'm always very grateful for stories about the great coffeehouse wits in Vienna at the turn of the last century. People would wait for a chance to stand near the table where the great wits were trading witticisms as a spectator sport because it was that good. They were that on fire and there was no product. They didn't write anything down. It was just the pleasure of engagement with the moment. I think that's my kind of ideal of how I live.
When I get hurt in the market, I get the hell out. It doesn't matter at all where the market is trading. I just get out, because I believe that once you're hurt in the market, your decisions are going to be far less objective than they are when you're doing well If you stick around when the market is severely against you, sooner or later they are going to carry you out.
Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance.
A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.
...Life is nothing but trading smells.
I roll my eyes. "So when did I become so special? When they carted me off to the Capitol?" "No, about six months before that. Right after New Year's. We were in the Hob, eating some slop of Greasy Sae's. And Darius was teasing you about trading a rabbit for one of his kisses. And I realized...I minded.
I am convinced that China needs to be a strong trading partner with the United States long term.
Another British study discovered that average eight-year-olds were better able to identify characters from the Japanese card trading game Pokemon than native species in the community where they lived: Pikachu, Metapod, and Wigglytuff were names more familiar to them than otter, beetle, and oak tree.
For us, from Korea's perspective, China is the number one investment destination as well as number one trading partner.
The water trading mechanism where there are transparent trades of water allocations is one that is good for us to learn from because it does allow for the marketplace to procure water for the highest and most efficient uses with the highest value in agriculture. And that might be a good model for us.
Prostitution will always exist in every society, so I believe in a fair trade. Open the doors for women to earn their money without having pimps. The worst thing is to criminalize it, because then you open the doors for pimps, criminals, and trading.
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