“Indeed, the financial world is such that any insight is almost immediately used to trade for a profit.”

—  Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 136.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Indeed, the financial world is such that any insight is almost immediately used to trade for a profit." by Didier Sornette?
Didier Sornette photo
Didier Sornette27
French scientist 1957

Related quotes

Chris Grayling photo

“It's not us that loses financially if we don't have a free trade agreement, it's Germany and France and other European countries, and that's why of course there will be a free trade agreement that allows all our business to trade freely to and from continental Europe. It will take a relatively short period time in my view because they lose financially.”

Chris Grayling (1962) British politician

Source: Interviewed on Sunday Politics London https://www.youtube.com/watch?v=HPJW7s_B91o#t=8m (21 February 2016)

Dick Cavett photo

“But as long as people will accept crap, it will be financially profitable to dispense it.”

Dick Cavett (1936) American talk show host

"Playboy Interview: Dick Cavett", Playboy, March 1971, vol. 18, no. 3, p. 70
Context: I don't think you could say now that ABC is crasser than the other two networks. But as long as people will accept crap, it will be financially profitable to dispense it. It becomes an ever-descending spiral.

Ken Livingstone photo

“The IMF and World Bank are still appalling, and now the World Trade Organisation too. All over the world people die unnecessarily because of the international financial system. Every year the international financial system kills more people than World War II. But at least Hitler was mad.”

Ken Livingstone (1945) Mayor of London between 2000 and 2008

NME, 15 April 2000
Source: https://web.archive.org/web/20000529082432/http://www.nme.com/newsdesk/20000411113543.html

“While people are allowed to elect a Government or Corporation, they are deprived of any real power, as there exists a financial dictatorship that causes high rents, excessive prices and profits.”

Timothy Quill (1901–1960) Early Dáil member, cooperative organiser, agriculturalist

Irish Press (1940)
By Quill:, 1940s

Ian Bremmer photo

“New York used to be the financial capital of the world. It's no longer even the financial capital of the U. S. For the moment, Washington is.”

Ian Bremmer (1969) American political scientist

"The New Capitals of Capital," http://fearandloathingingtown.blogspot.com/2009/03/quote-of-day_21.html Forbes (March 19, 2009).

Adam Smith photo

“The establishment of any new manufacture, of any new branch of commerce, or any new practice in agriculture, is always a speculation, from which the projector promises himself extraordinary profits. These profits sometimes are very great, and sometimes, more frequently, perhaps, they are quite otherwise; but in general they bear no regular proportion to those of other older trades in the neighbourhood. If the project succeeds, they are commonly at first very high. When the trade or practice becomes thoroughly established and well known, the competition reduces them to the level of other trades.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter X, Part I, p. 136 (tendency of the rate of profit to fall).

Ward Churchill photo

“As to those in the World Trade Center… Well, really. Let's get a grip here, shall we? True enough, they were civilians of a sort. But innocent? Gimme a break. They formed a technocratic corps at the very heart of America's global financial empire – the "mighty engine of profit" to which the military dimension of U. S. policy has always been enslaved – and they did so both willingly and knowingly.”

Ward Churchill (1947) Political activist

Some People Push Back: On the Justice of Roosting Chickens http://www.kersplebedeb.com/mystuff/s11/churchill.html, September 12, 2001

Alfred de Zayas photo

“A just, peaceful, equitable and democratic world order must not be undermined by the activities of investors, speculators and transnational enterprises avid for immediate profit at the expense of social and economic progress.”

Alfred de Zayas (1947) American United Nations official

Mainstream human rights into trade agreements and WTO practice – UN expert urges in new report http://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=20473&amp;LangID=E#sthash.bn9VjkJJ.dpuf. <br class="br">2016, Mainstream human rights into trade agreements and WTO practice – UN expert urges in new report

Adam Smith photo

“When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book IV, Chapter I, p. 469.

Harry V. Jaffa photo

“The events of this story are morally indefensible. But the greed that motivated the human actors—excluding of course the slaves themselves—was so overwhelming as to be irresistible. It is impossible for us today who condemn the slave trade to imagine any effective opposition to it in the 17th century. A parallel in our time would be the unstoppable trade in narcotics. We can't stop the supply because we can't stop the demand. To the limitless demand for labor in the new world the slave trade was a limitless response. Like drugs today, laws against it were powerless, because the profits were so great.”

Harry V. Jaffa (1918–2015) American historian and collegiate professor

Opposition to the slave trade did come in time, in the principles of the American Revolution, but not before slavery had formed deep roots in the economy and polity of the United States. The foreign slave trade was outlawed by the United States in 1808, and it was made a capital crime in 1820, but the trade continued right up until the Civil War. It is good however to remind ourselves that no black slave was sold to a white slave trader, on the west coast of Africa, who had not already been enslaved by a black African. Slavery was an equal opportunity employer!
2000s, God Bless America (2008), Slavery and the Human Story

Related topics