“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.” IfsHumansLongEnoughHandsHappensRunningCertainGamesWinningProcessLosesNumbersPlayerHabitInvolvedSkillsNormalFlowMajorityTendenciesMinoritiesStakesLong RunsTradingEquityPersistentImplicationsParticipantsConcentratingTradersAccelerateBetting Author:William Eckhardt
“The question should not be 'What would Jesus do?' but rather, more dangerously, 'What would Jesus have me do?' The onus is not on Jesus but on us, for Jesus did not come to ask semidivine human beings to do impossible things. He came to ask human beings to live up to their full humanity; he wants us to live in the full implication of our human gifts, and that is far more demanding.” WantShouldHumansHumanityAsksJesusHuman BeingsImpossibleWant UImplicationsImpossible Things Author:Peter J. Gomes