Quote from Neoxx:
Respect should not be confused with naïveté, nor acquiescence with blind obedience.
I would not presume to dismiss anotherâs comments, particularly if their experience dwarfed my own. I have neither the vanity nor the temerity.
Material cannot be judged nor disregarded merely for challenging preconceptions or eluding rapid understanding.
But itâs no individual fault. Itâs a sign of the times.
The culture of instant gratification.
Fickle, short-sighted and ultimately self-centred.
I had the rare pleasure of working with bucky for the last three years of his life. (At the University City Science Center (UCSC) a consortium of 29 colleges and universities.) Many people, to this day send me copies of his writings of media stories since they know our past relationship.
His twin, E. F. Schumacher, came to the US just after Carter had formed his cabinet. Carter gave his cabinet one book to read: "Small is Beautiful". Then, I was Chairman of the Board of NCAT where I had initially represented Carter during its formation. It was a CSA outgrowth of Seargent Shriver's work (OEO) with the poor under Kennedy. Some of us on the board had the pleasure of introducing Schumacher to Carter.
Appropriate Technology was important and the National Center for Appropriate Technology. This off beat thread is so inappropriate as a commentary on people like Fuller, Schumacher, G. W. Carver, the Lindbergs, Franklin and so many others of those who changed the world's thinking.
The wonder of funding people with ideas year after year and decade after decade is the most personally rewarding experience possible. Creating the pool extraction algorithm and passing it forward was no exception and it was necesary that the PC and the copier came along as well.
Here in this thread we see the warped distortions that come from the crippling of the mind in the many ways that are demonstrated.
Learning to learn is so valuable. Being at choice is so valuable too.
It was amazing to see the OP of this thread appear. As thunderdog often says "unbelievable" and "astonishing". All spectator crap in the OP.
Here is what is available:
Two like kind hypotheses that are mutually exclusive. The dream come true that elininated probability from trading.
One parametric measure: time rate of change of the two variables.
And three priors that dictates the means to make money in markets using the timing the hypotheses and their single measure provides.
Thus a complete paradigm (algorithm) founded on the integration of four intellectual theories. The true one pager as they say.
So markets were invented. Their owners gave the market rules of operation. These living things continually offer. Anyone can take the offer since there is not even a threshold barring participation.
People choose not to make money by taking the offer continually. The record is here in ET for anyone to make use of. five years of passing it forward. I see the effort as 10% of my trading career.
At Rutgers recently they measured how this terrible mental distortion that affects failed traders comes to be. (See page 78 of the 11APR09 economist as I have mentioned.)
Stress distorts intuition and analysis. Stress comes from choice to do and doing mistaken things.
Franklin printed money for colonies under contract. He had to design the money. He did it by making it counterfit proof as well. He put a different leaf on each denomination, including all the smallest sinews. An idea. Try creating a leaf for use in moveable type. So very cool. Most of my life I read his autobiography several times a year. Now I have bifocals like the one Franklin invented as he grew older and needed them. Neat how the tops and bottoms are in the right places.
Why do most traders fail? It is more than just their mistaken inventions that do not work. Money apparently really screws up the minds of people who do not have money.
Reading B people is a study in the irreversable results of distorted mind damage which is the consequence of self induced stress. All the result of free choice in actions and decisions.
maybe the OP could spend his time explaining how these B people went through their personal descriptions over time of how they permanently destroyed their opportunity to make money trading. One by one, like designng money that won't be counterfitted by n00bies. Because the n00by can see it is not worth the duplication of something that is busted.
Give yourself the pleasure of picking one of these B people and reading, chronologically how they screwed themselves permanetly. Scare yourself a little.