“There is a saying that bad traders divorce their spouse sooner than abandon their positions. Loyalty to ideas is not a good thing for traders, scientists - or anyone.”

—  Nassim Nicholas Taleb, book Fooled by Randomness

Source: Five: Survival of the Least Fit—Can Evolution be Fool by Randomness | A Review of Market Fools of Randomness Constants | The Traits They Shared
Fooled by Randomness (2001)

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 "There is a saying that bad traders divorce their spouse sooner than abandon their positions. Loyalty to ideas is not a …" by Nassim Nicholas Taleb?
Nassim Nicholas Taleb photo
Nassim Nicholas Taleb196
Lebanese-American essayist, scholar, statistician, former t… 1960

Related quotes

Narendra Modi photo

“But, for news traders, these things perhaps are not saleable.”

Narendra Modi (1950) Prime Minister of India

2009, "The nation is waiting for a strong, experienced leader", 2009
Context: You tell me, since Independence, in the field of justice delivery, has so much work been accomplished anywhere? But, for news traders, these things perhaps are not saleable. Now you tell me if these things are pro-poor or not.

Didier Sornette photo

“One trader's move in the market can be interpreted by another trader as relevant additional information due to the uncertainty he faces.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 182.

“You can fire your secretary, divorce your spouse, abandon your children. But they remain your co-authors forever.”

Ellen Goodman (1941) American journalist and writer

Attributed

“I don't think traders can follow rules for very long unless they reflect their own trading style. Eventually, a breaking point is reached and the trader has to quit or change, or find a new set of rules he can follow. This seems to be part of the process of evolution and growth of a trader.”

Ed Seykota (1946) American commodities trader

Source: Schwager, Market Wizards, page 166

Jack White photo

“Jack is the showman—the brassy frontman and the snake-oil trader.”

Jack White (1975) American musician and record producer

About

Michael Lewis photo

“The role had been spawned by the widespread belief that traders didn’t know how to talk to computer geeks and that computer geeks did not respond rationally to big, hairy traders hollering at them.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 93

Didier Sornette photo

“The price of a stock is strongly influenced by the behavior of the traders in a nontrivial way.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 183.

“Envisaging the whole range of foreign commerce… the image of it as a prize which governments can, and ought to win for their traders at the expense of the traders supported by other governments, has been a most fertile source of international misunderstanding.”

J.A. Hobson (1858–1940) English economist, social scientist and critic of imperialism

p, 125
The Morals of Economic Irrationalism (1920)

“As a trader you often walk on the blade. Be careful and don't step off.”

Marc Rich (1934–2013) businessman

Advice to a new employee. Quoted in The Economist, 6 July 2013 http://www.economist.com/news/obituary/21580438-marc-rich-king-commodities-died-june-26th-aged-78-marc-rich

“Traders (like the Phoenicians) carried their methods as well as their wares to Europe by ship.”

Cyrus H. Gordon (1908–2001) American linguist

Introduction
Adventures in the Nearest East (1957)

Related topics