“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
“It is often said that the progression from simple to complex runs counter to the normal statistics of chance that are formalized in the Second Law of Thermodynamics. Strictly speaking, we could avoid this criticism simply by insisting that the Second Law does not apply to living systems in the environment in which we find them. For the Second Law applies only when there is no overall flow of energy into or out of a system, whereas all living systems are sustained by a net inflow of energy.” DoeSaidRunningLawEnergyChanceSimpleEnvironmentAtheismNormalFlowCriticismComplexesPositive AtheismStatisticsProgressionInsistingThermodynamics Author:Jacob Bronowski
“United Features had given me a development contract, which meant I was to work exclusively with them and rather than completing everything on my own and turning it in to them and having it rejected or accepted, I was working much more directly with the syndicate, turning in smaller batches much more frequently, and getting comments on them. The idea was that they would help me develop the strip and then, assuming that they liked it, it would flow into a normal contract for syndication.” IdeasHelpingGivenMy OwnUnitedDevelopmentNormalFlowAssumingAcceptedFeaturesHelp MeContractsCommentRejectedCompletingSyndicate Author:Bill Watterson
“Sometimes the most powerful way to teach our children to understand a doctrine is to teach in the context of what they are experiencing right at that moment. These moments are spontaneous and unplanned and happen in the normal flow of family life. They come and go quickly, so we need to be alert and recognize a teaching moment when our children come to us with a question or a worry.” WayNeedsChildrenSometimesMomentsHappensPowerfulTeachWorryTeachingNormalFlowOur ChildrenDoctrineMost PowerfulThat MomentSpontaneousFamily LifeComes And Goes Author:Cheryl A. Esplin
“There is a line from the Marina Tsvetaeva poem I'm so fond of: "In this most Christian of worlds/ All poets are Jews." What she means is that writers and artists are outside the normal flow of daily life, the normal flow of society in general.” WorldMeanChristianArtistLinesPoetNormalFlowJewDaily Life Author:Paul Auster
“You know when I was 20 and 30, they were insecurities. Now they're just a new normal. I'm 60 years old, so my expectations of who I am and how I look and how I show up in the world had to shift. Not because I couldn't help it, or not because I did anything wrong, but because I had to get into the natural flow of my being as a woman.” KnowsWorldYearsLooksHelpingShowsNaturalNormalExpectationsFlowWho I AmInsecurityNew Normal Author:Iyanla Vanzant