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Be greedy when others are fearful and fearful when others are greedy.' Easier said than done for the vast majority of stock traders. ... On every stock trade there is someone who wants to sell and someone who wants to buy, at least at a particular price. ...the person who is selling thinks that she is getting out just in time while the person buying thinks that he is about to make good money. ... The truth is that the market doesn't really reflect some magical perfect valuation of a stock under the efficient market hypothesis. It reflects the mass consensus of how actual individual investors value the stock. It is the sum total of everyone's hopes and fears... ↗
#efficient-market-hypothesis #shares #sociopath #sociopathy #stock-market
I like the discipline of well-cut, impeccable clothes. I think it's a very healthy discipline. ↗
#discipline #healthy #i #i think #impeccable
But the truth is that there is no more conscious inconsistency between the humility of a Christian and the rapacity of a Christian than there is between the humility of a lover and the rapacity of a lover. The truth is that there are no things for which men will make such herculean efforts as the things of which they know they are unworthy. There never was a man in love who did not declare that, if he strained every nerve to breaking, he was going to have his desire. And there never was a man in love who did not declare also that he ought not to have it. ↗
The idea of luxury, even the word "luxury," was important to Arabella. Luxury meant something that was by definition overpriced, but was so nice, so lovely, in itself that you did not mind, in fact was so lovely that the expensiveness became part of the point, part of the distinction between the people who could not afford a thing and the select few who not only could, but also understood the desirability of paying so much for it. Arabella knew that there were thoughtlessly rich people who could afford everything; she didn't see herself as one of them but instead as one of an elite who both knew what money meant and could afford the things they wanted; and the knowledge of what money meant gave the drama of high prices a special piquancy. She loved expensive things because she knew what their expensiveness meant. She had a complete understanding of the signifiers. ↗
The last time that I consciously wrote anything to 'save the honor of the Left', as I rather pompously put it, was my little book on the crookedness and cowardice and corruption (to put it no higher) of Clinton. I used leftist categories to measure him, in other words, and to show how idiotic was the belief that he was a liberal's champion. Again, more leftists than you might think were on my side or in my corner, and the book was published by Verso, which is the publishing arm of the New Left Review. However, if a near-majority of leftists and liberals choose to think that Clinton was the target of a witch-hunt and the victim of 'sexual McCarthyism', an Arkansan Alger Hiss in other words, you become weary of debating on their terms and leave them to make the best of it. ↗
Whenever you are about to find fault with someone, ask yourself the following question: What fault of mine most nearly resembles the one I am about to criticize? ↗
