“
People ignore facts which contradict the theory in the mind of the investor. Dis-confirming evidence must be seeked out to beat this theory.
”
― From the Rat Race to Financial Freedom
― From the Rat Race to Financial Freedom
“
The truth is that banks are the last feudal kingdoms, their rulers omnipotent, divine warlords. Their key lieutenants are 'ronin' (wandering mercenary samurai) who roam financial markets ready to ally themselves to any warlord for a share of plunder. This is not the place to apply the latest management theory.
...more
”
― Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
― Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
