“People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.” PeopleWantUsedLyingLevelsViewsPathReturnNormalTradeSellsNotionDearDisasterAssumptionTrendsEmergingCheapness Author:William Eckhardt
“We have learned that beneath the surface of an ordinary everyday normal casual conscious existence there lies a vast dynamic world of impulse and dream, a hinterland of energy which has an independent existence of its own and laws of its own: laws which motivate all our thoughts and our actions.” WorldDreamActionLawLyingEnergyExistenceNormalOrdinaryConsciousIndependentEverydaySurfaceImpulseOur ThoughtsOur ActionsCasualBeneath The Surface Book:The Dramatic Imagination: Reflections and Speculations on the Art of the Theatre, Reissue Source: The Dramatic Imagination: Reflections and Speculations on the Art of the Theatre, Reissue