“You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy.”

—  Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 23

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 "You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy." by Aaron C. Brown?
Aaron C. Brown photo
Aaron C. Brown 15
American financial analyst 1956

Related quotes

Bret Weinstein photo

“Strategies evolve within markets and their larger regulatory context.”

Bret Weinstein (1969) biologist, professor, public intellectual

The Personal Responsibility Vortex (April 16, 2012)

“In other words, since you cannot successfully time the market or select individual stocks, asset allocation should be the major focus of your investment strategy, because it is the only factor affecting your investment risk that you can control.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 4, The Perfect Portfolio, p. 108.

“The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, from among the set of admissible strategies.”

Richard Arnold Epstein (1927) American physicist

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Three, Fundamental Principles Of A Theory Of Gambling, p. 43

“Recent organizational approaches to control (e. g., Ouchi 1979) suggest two underlying control strategies. On the one hand, control can be accomplished through performance evaluation. Performance evaluation refers to the cybernetic process of monitoring and rewarding performance. This strategy emphasizes the information aspects of control. Namely, to what degree can the various aspects of performance be assessed? Alternatively, control can be achieved by minimizing the divergence of preferences among organizational members. That is, members cooperate in the achievement of organizational goals because the members understand and have internalized these goals. This strategy emphasizes people policies such as selection, training, and socialization.
The two control strategies are interrelated. An organization can tolerate a work force with highly diverse goals if a precise evaluation system exists. In contrast, a lack of precision in performance evaluation can be tolerated when goal incompatibility is minor (Ouchi 1979). The choice between the two is driven by the ease of performance evaluation”

Kathleen M. Eisenhardt American economist

Source: "Control: Organizational and economic approaches," 1985, p. 135

“Niceness is a decision, a strategy of social interaction; it is not a character trait.”

Gavin de Becker (1954) American engineer

Source: The Gift of Fear: Survival Signals That Protect Us from Violence

Alfred de Zayas photo

“Disarmament for Development is a win-win strategy for States and Peoples. It is time to reduce the spiral of military expenditures and to invest in research into the root causes of conflicts and in the development of strategies of conflict-prevention and resolution.”

Alfred de Zayas (1947) American United Nations official

2014
Source: Disarm and develop – UN expert urges win-win proposition for States and peoples

Michael E. Porter photo

“Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.”

Michael E. Porter (1947) American engineer and economist

"What is strategy?," 1996
Context: There's a fundamental distinction between strategy and operational effectiveness. Strategy is about making choices, trade-offs; it's about deliberately choosing to be different. Operational effectiveness is about things that you really shouldn't have to make choices on; it's about what's good for everybody and about what every business should be doing.

“Without competitors there would be no need for strategy,”

Kenichi Ohmae (1943) Japanese academic

Source: The Mind Of The Strategist, 1982, p. 36
Context: Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as efficiently as possible, a sustainable edge over its competitors. Corporate strategy, thus, implies an attempt to alter a company's strength relative to that of its competitors in the most efficient way.

Norman Schwarzkopf photo

“Leadership is a potent combination of strategy and character. But if you must be without one, be without the strategy.”

Norman Schwarzkopf (1934–2012) United States Army general

Quoted in "The Military Quotation Book" (2002) by James Charlton, p. 83
Disputed

Related topics