"Man does not live by stocks and bonds alone" - Chicago Mercantile Exchange advertisement
"Trading is like no other profession I can think of than dragon slaying. Facing that hot breath, and those toothy jaws fearlessly, armed only with a belief in oneself, on a daily basis" - Mara Koppel: Women of the Pits, 1998
"Order and simplification are the first steps toward mastery of a subject - the actual enemy is the unknown" - Thomas Man: The Magic Mountain, 1924
"Models are like cars: you can have the best car in the world, but it won't stop you crashing if you don't drive it properly" - Mahmouh Barakat: Risk, April 1997, p. 6
"A bird in the hand is an apt way to describe the strategy of today's options investor. Taking the immediate income of writing a covered call, the battle-tested investor is strategically managing market risk" - Lawrence Severn: Futures and Options World, October 1995
"You can get as fancy as you want with your option strategies, but in this business, there's no substitute for being right. There's never been a guarantee for incremental returns" - Gene Brody: Risk, June 1995
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1 comment:
Thanks for a great read. I love it, I love it so much that the greedy gnome in me wants more ....
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