Quotes about trader

A collection of quotes on the topic of trader, trade, trading, other.

Quotes about trader

“'A'isha, Umm al-Mu'minin, Umm 'Abdullah said, "The Messenger of Allah, may Allah bless him and grant him peace, said, 'An army will invade the Ka'ba. When they are at Bayda', the earth will swallow them up from the first to the last of them.'" She said, "I said, 'Messenger of Allah, how will it swallow them up from the first to the last of them when their traders are among them as well as others who are not really part of them?' He said, 'It will swallow them up from the first to the last of them and then they will resurrected according to their intentions.'"”

Muhammad (570–632) Arabian religious leader and the founder of Islam

Riyadh-as-Saliheen by Imam Al-Nawawi, volume 1, hadith number 2
Sunni Hadith

Peace, Parting

“Most shocking of all is alledging the Sacred Scriptures to favour this wicked practice. One would have thought none but infidel cavillers would endeavour to make them appear contrary to the plain dictates of natural light, and Conscience, in a matter of common Justice and Humanity; which they cannot be. Such worthy men, as referred to before, judged otherways; Mr. BAXTER declared, the Slave-Traders should be called Devils, rather than Christians; and that it is a heinous crime to buy them. But some say, "the practice was permitted to the Jews."”

Thomas Paine (1737–1809) English and American political activist

To which may be replied,
1770s, African Slavery in America (March 1775)

Men, Justice, Nature, Light

“Our Traders in MEN (an unnatural commodity!) must know the wickedness of that SLAVE-TRADE, if they attend to reasoning, or the dictates of their own hearts; and such as shun and stiffle all these, wilfully sacrifice Conscience, and the character of integrity to that golden Idol.”

Thomas Paine (1737–1809) English and American political activist

1770s, African Slavery in America (March 1775)

Men, Heart

“If Tibetans and Firangis [i. e. foreigners or, in the contemporary context, Englishmen] meet and trade with each other, our ryots and traders will lose their employment and result will not be good.”

Bhimsen Thapa (1775–1839) Mukhtiyar and de facto ruler of Nepal from 1806 to 1837

As quoted in book Thapa Politics in Nepal: With Special Reference to Bhim Sen Thapa, 1806–1839 https://books.google.com.np/books?id=7PP1yElRzIUC&dq=bhimsen+thapa&source=gbs_navlinks_s|

“MALCOLM X: Freedom, justice and equality are our principal ambitions. And to faithfully serve and follow the Honorable Elijah Muhammad is the guiding goal of every Muslim. Mr. Muhammad teaches us the knowledge of our own selves, and of our own people. He cleans us up--morally, mentally and spiritually--and he reforms us of the vices that have blinded us here in the Western society. He stops black men from getting drunk, stops their dope addiction if they had it, stops nicotine, gambling, stealing, lying, cheating, fornication, adultery, prostitution, juvenile delinquency. I think of this whenever somebody talks about someone investigating us. Why investigate the Honorable Elijah Muhammad? They should subsidize him. He's cleaning up the mess that white men have made. He's saving the Government millions of dollars, taking black men off of welfare, showing them how to do something for themselves. And Mr. Muhammad teaches us love for our own kind. The white man has taught the black people in this country to hate themselves as inferior, to hate each other, to be divided against each other. Messenger Muhammad restores our love for our own kind, which enables us to work together in unity and harmony. He shows us how to pool our financial resources and our talents, then to work together toward a common objective. Among other things, we have small businesses in most major cities in this country, and we want to create many more. We are taught by Mr. Muhammad that it is very important to improve the black man's economy, and his thrift. But to do this, we must have land of our own. The brainwashed black man can never learn to stand on his own two feet until he is on his own. We must learn to become our own producers, manufacturers and traders; we must have industry of our own, to employ our own. The white man resists this because he wants to keep the black man under his thumb and jurisdiction in white society. He wants to keep the black man always dependent and begging--for jobs, food, clothes, shelter, education. The white man doesn't want to lose somebody to be supreme over. He wants to keep the black man where he can be watched and retarded.”

Malcolm X (1925–1965) American human rights activist

Mr. Muhammad teaches that as soon as we separate from the white man, we will learn that we can do without the white man just as he can do without us. The white man knows that once black men get off to themselves and learn they can do for themselves, the black man's full potential will explode and he will surpass the white man.
Playboy interview, regarding the ambition of the Black Muslims
Attributed

Love, Men, Hate, People

“The process has aroused much antagonism, a great part of which is wholly without warrant. It is not true that as the rich have grown richer the poor have grown poorer. On the contrary, never before has the average man, the wage-worker, the farmer, the small trader, been so well off as in this country and at the present time. There have been abuses connected with the accumulation of wealth; yet it remains true that a fortune accumulated in legitimate business can be accumulated by the person specially benefited only on condition of conferring immense incidental benefits upon others. Successful enterprise, of the type which benefits all mankind, can only exist if the conditions are such as to offer great prizes as the rewards of success.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1900s, First Annual Message to Congress (1901)

Business, Time, Success, Parting

“I still believe in the Holy Trinity, except now it's Target, Trader Joe's, and IKEA.”

Jen Lancaster (1967) American writer

“It doesn't seem to matter what we think… The prince will come up here and look at us as if we're barrels in a trader's wagon. And if I'm salt pork and he doesn't care for salt pork, then there's nothing I can do.”

Shannon Hale Princess Academy

Source: Princess Academy

Thinking

“Australia's place on new trade routes was decisive in its early history. It aided the convict settlement. It prompted the rise of a new free group of Australian traders who did not depend heavily on the favours of governors, who were alert for new ways of making money, and who were eventually to hasten Australia's transition from a gaol to a series of free colonies.”

Geoffrey Blainey book The Tyranny of Distance: How Distance Shaped Australia's History

The Tyranny of Distance: How Distance Shaped Australia's History (1966)

Money, Way, History, Decision

“What the state desires of education is soldiers, reliable voters, law-abiding citizens, contented working men, prosperous traders. Hence a spirit of docility and credulity, often of timidity, prevails in the school.”

Everett Dean Martin (1880–1941)

Source: The Meaning of a Liberal Education (1926), p. 74

Men, Education, School, Law

“In Hind there is a Malik (king) who is called Al-juzar (Gujar). Such is awdl (justice) in his kingdom, if the gold is dropped in the way, there is no danger of its being picked up and stolen away by any body. His kingdom is very vast. Arab traders go to him, he makes ahsan (favour) to them, purchases merchandise from them; the purchase and sale are carried in gold coin called tatri, When the Arabs request him to provide a body guard, he says, there is no thief in my kingdom. If there is any incident or loss to your goods, merchandise and money I stand surety. Come to me, I will pay the compensation.”

Mihira Bhoja I (836–885) Ruler of the Gurjara Pratihara dynasty

According to the Arab invaders who was Bhoja's enemy;[Kitsbul Alaq Al-Nafisa Part 4, Ibne Rustah]
About

Money, Justice, Way, Loss

“The tendency was to sell families as units, if for no other reason [than] to keep the slaves contented. The gangs in transit were usually a cheerful lot, though the presence of a number of the more vicious type sometimes made it necessary for them all to go in chains. At the other extreme, when the Central of Georgia railroad company in 1858 equipped a Negro sleeping car to assist in the slave trade it set a standard not always maintained in a later generation. When on the block, the slave was as likely to hinder as to help in his sale. Some, out of a vain conceit in bringing a high price, would boast of their physical prowess, in which case an unwary purchaser would likely be cheated. Others would malinger, because of a grudge against owners or traders or in order to bring a low price and be put at less tiring labor. Dealers, also, adopted the tricks of horse traders to make their merchants more attractive -- the greasiest Negro was generally considered the healthiest.”

W. Cleon Skousen (1913–2006) ex FBI agent, conservative United States author and faith-based political theorist

The Making of America (1986)

Family, Cars, Sleep, Help

“Naturally, it is in the interest of the trader to be on good terms with the one from whom he buys cheap as well as with the other to whom he sells dear. A nation therefore acts very imprudently if it fosters feelings of animosity in its suppliers and customers. The more friendly, the more advantageous. Such is the humanity of trade. And this hypocritical way of misusing morality for immoral purposes is the pride of the free-trade system.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

Natürlich ist es im Interesse des Handelnden, mit dem einen, von welchem er wohlfeil kauft, wie mit dem andern, an welchen er teuer verkauft, sich in gutem Vernehmen zu halten. Es ist also sehr unklug von einer Nation gehandelt, wenn sie bei ihren Versorgern und Kunden eine feindselige Stimmung nährt. Je freundschaftlicher, desto vorteilhafter. Dies ist die Humanität des Handels, und diese gleisnerische Art, die Sittlichkeit zu unsittlichen Zwecken zu mißbrauchen, ist der Stolz des Systems der Handelsfreiheit.
Outlines of a Critique of Political Economy (1844)

Way, Feeling, Nature

“I'm a free trader. But the problem with free trade is you need really talented people to negotiate for you. If you don't have talented people, if you don't have great leadership, if you don't have people that know business, not just a political hack that got the job because he made a contribution to a campaign, which is the way all jobs, just about, are gotten, free trade terrible. Free trade can be wonderful if you have smart people, but we have people that are stupid. We have people that aren't smart. And we have people that are controlled by special interests. And it's just not going to work.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2015, Presidential Bid Announcement (June 16, 2015)

People, Stupidity, Way, Business

“About the twelfth century the possibility of sharing contemplation by means of preaching and other forms of apostolic activity began to be considered. This point of view was exemplified in the mixed life (contemplative and active) of the mendicant orders and was expressed in the formula: contemplata aliis tradere”

Gustavo Gutiérrez (1928) Peruvian theologian

"to transmit to others the fruits of contemplation"
Source: A Theology of Liberation (1971), p. 7

Life

“According to the academic world view that markets are efficient, only the revelation of a dramatic piece of information can cause a crash, yet in reality even the most thorough post-mortem analyses are typically inconclusive as to what this piece of information might have been. For traders and investors, the fear of a crash is a perpetual source of stress, and the onset of the event itself always ruins the lives of some of them.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 1, Financial Crashes: What, How, Why, And When?, p. 3.

World, Fear, Reality

“V. We complain that the Union cause has suffered, and is now suffering immensely, from mistaken deference to Rebel Slavery. Had you, Sir, in your Inaugural Address, unmistakably given notice that, in case the Rebellion already commenced were persisted in, and your efforts to preserve the Union and enforce the laws should be resisted by armed force, you would recognize no loyal person as rightfully held in Slavery by a traitor, we believe the Rebellion would therein have received a staggering if not fatal blow. At that moment, according to the returns of the most recent elections, the Unionists were a large majority of the voters of the Slave States. But they were composed in good part of the aged, the feeble, the wealthy, the timid--the young, the reckless, the aspiring, the adventurous, had already been largely lured by the gamblers and negro-traders, the politicians by trade and the conspirators by instinct, into the toils of Treason. Had you then proclaimed that Rebellion would strike the shackles from the slaves of every traitor, the wealthy and the cautious would have been supplied with a powerful inducement to remain loyal. As it was, every coward in the South soon became a traitor from fear; for Loyalty was perilous, while Treason seemed comparatively safe. Hence the boasted unanimity of the South--a unanimity based on Rebel terrorism and the fact that immunity and safety were found on that side, danger and probable death on ours. The Rebels from the first have been eager to confiscate, imprison, scourge and kill: we have fought wolves with the devices of sheep. The result is just what might have been expected. Tens of thousands are fighting in the Rebel ranks to-day whose, original bias and natural leanings would have led them into ours.”

Horace Greeley (1811–1872) American politician and publisher

1860s, The Prayer of the Twenty Millions (1862)

Death, Age, Fear, Law

“The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of having to stand by them.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 105

“It was neither healthy nor good when public stock exchanges introduced order types and speed advantages that high-frequency traders could use to exploit everyone else. This sort of inefficiency didn't vanish the moment it was spotted and acted upon. It was like a broken slot machine in the casino that pays off every time. It would keep paying off until someone said something about it; but no one who played the slot machine had any interest in pointing out that it was broken.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 233

Time, Speed

“Greek Phanariot merchants and traders dominated the commerce of the Ottoman empire, utilizing their kinship networks and social and religious institutions to maximize not only their business and assets, but also their cultural capital. Diaspora Greeks became especially prominent from the eighteenth century in the development of printing and the press, and experienced a major intellectual revival in cities as far afield as Vienna, Venice, Odessa, Paris, and Amsterdam”

Anthony D. Smith (1939–2016) British academic

Source: Myths and Memories of the Nation (1999), Chapter: Greeks, Armenians and Jews.

Business

“When I asked Amin [Husain] and Katie [Davison] what Occupy Wall Street’s ultimate goal was, they said, “A government accountable to the people, freed up from corporate influence.” … Organizers described Occupy Wall Street as “a way of being,” of “sharing your life together in assembly.” … The ambitions of the core group of activists were more cultural than political, in the sense that they sought to influence the way people think about their lives. “Ours is a transformational movement,” Amin told me with a solemn air. Transformation had to occur face to face; what it offered, especially to the young, was an antidote to the empty gaze of the screen.
In meetings and elsewhere, this Tolstoyan experience of undergoing a personal crisis of meaning, both political and of the soul, seemed deeply shared. Apart from Amin, I’ve met an architect, a film editor, an advertising consultant, an unemployed stock trader, a spattering of lawyers, and people with various other jobs who, after joining OWS, found themselves psychologically unable to go about their lives as before. … Michael Ellick, the minister at Judson Memorial Church in Greenwich Village, said that when he first visited Zuccotti Park he was reminded of his years at a monastery. “When people enter a monastery, they don’t know why they’ve come,” said Ellick. “They are there to find out why they are there, why they were compelled to leave the other world.””

Michael Greenberg (1952) American author

“What Future for Occupy Wall Street?” The New York Review of Books, vol. 59, no. 2, February 9, 2012

Life, People, World, Way

“Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…. Why, if protection builds up and elevates 63,000,000 [the U. S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, "Buy where you can buy the cheapest"…. Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: "Buy where you can pay the easiest."”

William McKinley (1843–1901) American politician, 25th president of the United States (in office from 1897 to 1901)

And that spot of earth is where labor wins its highest rewards.
Speech in Boston, MA (Oct. 4, 1892) William McKinley Papers, Library of Congress.

People, World, Law, Nature

“…in Your Majesty's reign the ministers have no power, the nobles enjoy no trust, the soldiers wretchedly poor, the writers are without employment, the traders are without means, and the peasantry are down-trodden… On the Hindu tribes two calamities have descended, (first) the exaction of the jaziya in the town and (second) the oppression of the enemy in the country. When such sufferings have come down upon the heads of the people from all sides, why should they not fail to prey or thank their ruler?”

Aurangzeb (1618–1707) Sixth Mughal Emperor

Muhammad Akbar to Aurangzeb; see Studies in Mughal India: Being Historical Essays by Jadunath Sarkar, p. 102, Essays on Medieval Indian History by Satish Chandra, p. 324; Mughal Empire in India, 1526-1761: Volume 2 by Shripad Rama Sharma, p. 637; The Mughal-Maratha Relations: Twenty Five Fateful Years, 1682-1707 by G. T. Kulkarni, p. 22
Quotes from late medieval histories

People, Suffering, Country

“German’ socialism came to be wholly associated with the extreme anti-liberal politics of the antisemitic and völkisch movement. The appeal here was mainly to the lower-middle classes—traders, craftsmen, small farmers, lower civil servants—and rooted in a combination of antisemitism, extreme nationalism, and vehement anti-capitalism”

Ian Kershaw (1943) British historian

usually interpreted as ‘Jewish’ capitalism
Source: Hitler 1889-1936: Hubris (1999), p. 135

“The violinist must possess the poet's gift of piercing the protective hide which grows on propagandists, stockbrokers and slave traders, to penetrate the deeper truth which lies within.”

Yehudi Menuhin (1916–1999) American violinist and conductor

Source: The complete violinist: thoughts, exercises, reflections of an itinerant violinist http://books.google.co.in/books?id=qC0xAQAAIAAJ, Summit Books, 1 April 1986, p. 95

Truth

“What in Calvin had been a qualified concession to practical exigencies appeared in some of his later followers as a frank idealization of the life of the trader, as the service of God and the training-ground of the soul. Discarding the suspicion of economic motives, which had been as characteristic of the reformers as of medieval theologians, Puritanism in its later phases added a halo of ethical sanctification to the appeal of economic expediency, and offered a moral creed, in which the duties of religion and the calls of business ended their long estrangement in an unanticipated reconciliation.”

R. H. Tawney (1880–1962) English philosopher

Part IV, Ch. 3
Religion and the Rise of Capitalism (1926)

Life, God, Religion, Soul

“He now suspected that every human being who knew how high-frequency traders made money was making too much money doing it to stop and explain what was going on.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 55

Money

“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)

“The phrase laissez-faire is not to be found in the works of Adam Smith, of Ricardo, or of Malthus. Even the idea is not present in a dogmatic form in any of these authors. Adam Smith, of course, was a Free Trader and an opponent of many eighteenth-century restrictions on trade. But his attitude towards the Navigation Acts and the usury laws shows that he was not dogmatic. Even his famous passage about 'the invisible hand' reflects the philosophy which we associate with Paley rather than the economic dogma of laissez-faire.”

John Maynard Keynes book Essays in Persuasion

Source: Essays in Persuasion (1931), The End of Laissez-faire (1926), Ch. 2

Law, Idea

“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

“Senator, I am not now, nor have I ever been, an oil trader. and neither has anyone on my behalf. I have never seen a barrel of oil, owned one, bought one, sold one - and neither has anyone on my behalf. Now I know that standards have slipped in the last few years in Washington, but for a lawyer you are remarkably cavalier with any idea of justice. I am here today but last week you already found me guilty. You traduced my name around the world without ever having asked me a single question, without ever having contacted me, without ever written to me or telephoned me, without any attempt to contact me whatsoever. And you call that justice.”

George Galloway (1954) British politician, broadcaster, and writer

" Galloway v the US Senate: transcript of statement http://www.timesonline.co.uk/article/0,,3-1616578,00.html", The Times, May 18, 2005 <br class="br">Testimony before the US Senate on May 17, 2005.

World, Justice, Idea, Question

“Profiting from being in the minority leads to interesting paradoxes. Rather diabolically, if all traders use the same set of rules, they will end up doing the same thing at the same time and cannot therefore be in the minority.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 115

Time

“The acceleration of the number of traders buying into the market in the inflating bubble captures the oft-quoted observation that bubbles are times when the "greater fool theory" applies.”

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. 185.

Fools, Quotes, Time

“I did not vote upon the Factory question. The fact is the Government are being whipped with a rod of their own pickling. They used the ten hours’ cry, and all other cries, to get into power, and now they find themselves unable to lay the devil they raised for the destruction of the Whigs. The trickery of the Government was kept up till the time of Ashley's motion, in the confident expectation that he would be defeated by the Whigs and Free Traders…The Whigs very basely turned round upon their former opinions to spite the Tories. The only good result is that no Government or party will in future like to use the factory question for a cry…One other good effect may be that men like Graham and Peel will see the necessity of taking anchor upon some sound principles, as a refuge from the Socialist doctrines of the fools behind them.”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Letter to F. W. Cobden (23 March 1844) on the Factory Act 1844, quoted in John Morley, The Life of Richard Cobden (London: T. Fisher Unwin, 1905), p. 302.
1840s

Men, Fools, Confidence, Question

“SEWA is about political action, and that has always been at the heart of what we have done. It is about changing the balance of power in favor of the poor. That has meant constant tension, with big farmers, moneylenders, contractors, big traders, government, local panchayats, and so on.”

Ela Bhatt (1933) founder of the Self-Employed Women's Association of India (SEWA)

Discussion with Ela Bhatt, Founder, Self-Employed Women's Association (SEWA)

Change, Heart

“It has become increasingly evident, at least among those who aren't currency traders or true believers in the optimality of free markets, that it would be nice if this system could calm down a touch. One option is the Tobin tax, which would impose a tax of around 0.1 percent on currency trades, and act as a kind of damper on speculation.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 6, At Rest Versus In Motion, p. 197

Optimism

“There are people who worship Allah to gain His Favors, this is the worship of traders; while there are some who worship Him to keep themselves free from His Wrath, this is the worship of slaves; a few who obey Him out' of their sense of gratitude and obligations, this is the worship of free and noble men.”

Ali book Nahj al-Balagha

Nahj al-Balagha

Men, People, Sense, Gratitude

“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

“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.

Way, Behavior

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

Jack White (1975) American musician and record producer

About

“To some this may appear to be a small matter, but to Mr. Harry Hook, it is very important. He is a street trader in the Barnsley Market. He has been trading there for some six years without any complaint being made against him; but, nevertheless, he has now been banned from trading in the market for life. All because of a trifling incident. On Wednesday, October 16, 1974, the market was closed at 5:30. So were all the lavatories, or 'toilets' as they are now called. They were locked up. Three quarters of an hour later, at 6:20, Harry Hook had an urgent call of nature. He wanted to relieve himself. He went into a side street near the market and there made water, or 'urinated' as it is now said. No one was about except one or two employees of the council, who were cleaning up. They rebuked him. He said: 'I can do it here if I like'. They reported him to a security officer who came up. The security officer reprimanded Harry Hook. We are not told the words used by the security officer. I expect they were in language which street traders understand. Harry Hook made an appropriate reply. Again, we are not told the actual words, but it is not difficult to guess. I expect it was an emphatic version of 'You be off'. At any rate, the security officer described them as words of abuse. Touchstone would say that the security officer gave the 'reproof valiant' and Harry Hook gave the 'counter-check quarrelsome'; As You Like It, Act V, Scene IV. On Thursday morning the security officer reported the incident. The market manager thought it was a serious matter. So he saw Mr. Hook the next day, Friday, October 18. Mr. Hook admitted it and said he was sorry for what had happened. The market manager was not satisfied to leave it there. He reported the incident to the chairman of the amenity services committee of the Council. He says that the chairman agreed that 'staff should be protected from such abuse.”

Alfred Denning, Baron Denning (1899–1999) British judge

That very day the market manager wrote a letter to Mr. Hook, banning him from trading in the market.
Ex Parte Hook [1976] 1 WLR 1052 at 1055.
Judgments

Life, Understanding, Nature, Water

“When, therefore, it shall be asked what we have to do with the memory of Abraham Lincoln, or what Abraham Lincoln had to do with us, the answer is ready, full, and complete. Though he loved Caesar less than Rome, though the Union was more to him than our freedom or our future, under his wise and beneficent rule we saw ourselves gradually lifted from the depths of slavery to the heights of liberty and manhood; under his wise and beneficent rule, and by measures approved and vigorously pressed by him, we saw that the handwriting of ages, in the form of prejudice and proscription, was rapidly fading away from the face of our whole country; under his rule, and in due time, about as soon after all as the country could tolerate the strange spectacle, we saw our brave sons and brothers laying off the rags of bondage, and being clothed all over in the blue uniforms of the soldiers of the United States; under his rule we saw two hundred thousand of our dark and dusky people responding to the call of Abraham Lincoln, and with muskets on their shoulders, and eagles on their buttons, timing their high footsteps to liberty and union under the national flag; under his rule we saw the independence of the black republic of Haiti, the special object of slave-holding aversion and horror, fully recognized, and her minister, a colored gentleman, duly received here in the city of Washington; under his rule we saw the internal slave-trade, which so long disgraced the nation, abolished, and slavery abolished in the District of Columbia; under his rule we saw for the first time the law enforced against the foreign slave trade, and the first slave-trader hanged like any other pirate or murderer.”

Frederick Douglass (1818–1895) American social reformer, orator, writer and statesman

1870s, Oratory in Memory of Abraham Lincoln (1876)

Love, People, Age, Law

“The more the Dakota have to do with the white, the worse. The whites give him whiskey to get his furs and bimeby he don't want to trap so many furst but he want plenty more whiskey. The white traders take his girl, and all he get in swap is a disease. They take his land, and all he get is a leetle annuity so he don't do any work and starve slow. The Indian gets white man's gun an he is drunk and kill his own brother and they call him sinful. That's what he get from the white man—fine kettle, fine gun, fine blanket, the big pox, the small pox and religion.”

Sinclair Lewis (1885–1951) American novelist, short-story writer, and playwright

The God-Seeker (1949), Ch. 20

Disease, Religion, Girl

“This suiting my humor so well; I did thenceforth prosecute it, (at School and in the University) not as a formal Study, but as a pleasing Diversion, at spare hours; as books of Arithmetick or others Mathematical fel occasionally in my way. For I had none to direct me, what books to read, or what to seek, or in what Method to proceed. For Mathematicks, (at that time, with us) were scarce looked upon as Academical Studies, but rather Mechanical; as the business of Traders, Merchants, Seamen, Carpenters, Surveyors of Lands, or the like; and perhaps some Almanack-makers in London.”

John Wallis (1616–1703) English mathematician

Dr. Wallis's Account of some Passages of his own Life (1696)

Books, School, Way, Mathematics

“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.

““People fear stone,” Usha said, “because it contains never-life.”
“Non-life? You mean, death?”
“Nonsense,” she repeated vehemently. “What’s to fear about death? Death is natural. Stone is never-life.”
Spinel took another tack. “If they fear it, then how come enough Sharers want it so the traders stock shelves full?”
“How should I know? Why do Valans drink the toxic waste product of sugar-eating yeast?””

Joan Slonczewski book A Door into Ocean

Part 2, Chapter 7 (p. 95)
A Door into Ocean (1986)

Life, Death, People, Fear

“Good immigrants come to America to be part of the 'little platoons' that make up its glorious private economy: the people of Nike, Apple, Microsoft, Starbucks, McDonald's, Amazon, Google, Marriot, Mattel, FedEx, Costco, Coca-Cola, Trader Joe's, Whole Foods, Fred Meyer, Overstock. com, Saks Fifth Avenue, Neiman Marcus, Nordstrom, and millions of local franchises run by innovative, everyday Americans. Bad immigrants come to America to partake of the state.”

Ilana Mercer South African writer

“Amerika – ein gutes Land, ein schlechtes Land?” http://jungefreiheit.de/kolumne/2014/amerika-ein-gutes-land-ein-schlechtes-land, Junge Freiheit(in German), October 2, 2014. <br class="br">2010s, 2014

People, Food, Parting

“Keynes disdained inside information — in fact, he once declared that Wall Street traders could make huge fortunes if only they would disregard their "inside" information — and his own oracles were nothing but his minute scrutiny of balance sheets, his encyclopedic knowledge of finance, his intuition into personalities, and a certain flair for trading.”

Robert L. Heilbroner book The Worldly Philosophers

Source: The Worldly Philosophers (1953), Chapter IX, John Maynard Keynes, p. 248-249

Knowledge, Personality

“Sigmund Freud would have been a wonderful witness here. He would have explained the use of derivatives as denial and rationalization—the pretense that we are doing one thing when we really mean to do something else; the relationship between the banker and its client as one of ambivalence and reliance on the father figure; the use of accounting conventions as repression and the absence of reality testing; the work environment as the pleasure/pain principle—current pleasure for future damage, let someone else pick up the pieces; leveraging and doubling our bets as counter-phobic behavior; termination therapy as what happens when the CFO and Treasurer get caught; and, of course, transference—how the trader seeks to shift responsibility to his or her superior when the string runs out.”

Eugene Rotberg (1930)

Testimony before the U.S. House of Representatives Committee on Banking, Finance and Urban Affairs. http://3197d6d14b5f19f2f440-5e13d29c4c016cf96cbbfd197c579b45.r81.cf1.rackcdn.com/collection/papers/1990/1994_0623_RotbergTestimony.pdf, 23 June 1994

Pain, Pleasure, Behavior, Reality

“[T]he larger moral cowardice that has overtaken the party… Trump's shtick is that he's the grievance candidate… He's focused on the economically squeezed Caucasian voter… He is speaking to that rage. Mexican rapists, clever Chinese traders, African American people as dogs. That's Trump's DNA.”

Mike Murphy (political consultant) (1962) American political consultant

As quoted in "'I'm not going there': As Trump hurls racial invective, most Republicans stay silent" https://www.washingtonpost.com/politics/im-not-going-there-as-trump-hurls-racial-invective-most-republicans-stay-silent/2018/08/18/aab7fd8a-a189-11e8-83d2-70203b8d7b44_story.html?noredirect=on&utm_term=.492b99efbac1 (18 August 2018), by Ashley Parker and Robert Costa, The Washington Post <br class="br">2010s, 2018

People, Dogs, Rage

“It is the privilege of a trader in a free country, in all matters not contrary to law, to regulate his own mode of carrying it on according to his own discretion and choice.”

Edward Hall Alderson (1787–1857) Lawyer and jurist

Hilton v. Eckersley (1856), 6 Ellis &B. 74.

Law, Country

“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)

Support

“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”

George Stigler (1911–1991) American economist

The Economist as Preacher and Other Essays (1982), p.61

“The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire; for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.”

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

Source: (1776), Book IV, Chapter III, Part II, p. 530.

Art

“The relationship of the big Wall Street banks to the high frequency traders, when you think about it, was a bit like the relationship of the entire society to the big Wall Street banks. When things went well, the HFT guys took most of the gains; when things went badly, the HFT guys vanished and the banks took the losses.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 264

Guy, Thinking, Loss

“The Dutch Company, actuated solely by the spirit of gain, and viewing their [Javan] subjects, with less regard or consideration than a West India planter formerly viewed a gang upon his estate, because the latter had paid the purchase money of human property, which the other had not, employed all the existing machinery of despotism to squeeze from the people their utmost mite of contribution, the last dregs of their labor, and thus aggravated the evils of a capricious and semi-barbarous Government, by working it with all the practised ingenuity of politicians, and all the monopolizing selfishness of traders.”

Stamford Raffles (1781–1826) British statesman who founded Singapore

T.S. Raffles, The History of Java (London 1871), book 1, pg. 168. Here as quoted in the New-York Daily Tribune, June 25, 1853 by Karl Marx https://www.marxists.org/archive/marx/works/1853/06/25.htm.

Money, People, Evil, Selfishness

“Our more serious devastation was invisible—the shattering of our export trade through our being cut off for over four years from our normal overseas markets. We were the largest international traders in the world and were, therefore, more vulnerable in this respect than any other country. Our customers had been driven either to secure their supplies from rival sources or to start manufacturing for themselves. Indeed, our export trade has never recovered from the War, as the derelict factories of our industrial districts bear melancholy witness. While world trade had by 1927 risen to 120 per cent of the pre-war level, British export trade was only 83 per cent of its pre-war height. That is our real devastated area.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

The Truth about Reparations and War-Debts (London: William Heinemann Ltd, 1932), pp. 8-9
Later life

War, World, Country

“If craftsmen and blacksmiths were feared for transforming material substance, if traders were feared for transforming such intangible qualities as value, how much more will the banker be feared for the transformations he effects with the most abstract and immaterial of all economic institutions? Thus we reach the climax of the progressive replacement of the perceivable and concrete by abstract concepts shaping rules guiding activity: money and its institutions seem to be beyond the boundary of laudable and understandable physical efforts of creation, in a realm where the comprehension of the concrete ceases and incomprehensible abstractions rule.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

Source: 1980s and later, The Fatal Conceit: The Errors of Socialism (1988), p.102

Money, Fear, Understanding, Effort

“The mulatto sons of white traders and the sons of African rulers were the ones who made the greatest effort to learn the white man’s ways. This helped them to conduct business more efficiently. One Sierra Leone ruler in the eighteenth century explained that he wished “to learn book to be rogue as good as white man”; and there were many others who saw the practical advantages of literacy. However, the educational process also meant imbibing values which led to further African subjugation. One West African educated in this early period wrote a Ph. D. thesis in Latin justifying slavery. That was not surprising. The Reverend Thomas Thompson was the first European educator on the Gold Coast, and he wrote in 1778 a pamphlet entitled, The African Trade for Negro Slaves Shown to be Consistent with the Principles of Humanity and the Laws of Revealed Religion.”

Walter Rodney book How Europe Underdeveloped Africa

Source: How Europe Underdeveloped Africa (1972), p. 223.

Books, Education, Religion, Law

“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)

Loyalty, Idea

“You as a Fascist stand for the small trader against the chain-store; for the peasant against the usurer; for the nation, great or small, against the super-state; for personal business against Big Business; for the craftsman against the Machine; for the creator against the middleman; for all that prospers by individual effort and creative toil, against all that prospers in the abstract air of High Finance or of the theoretic ballyhoo of Internationalism.”

Wyndham Lewis (1882–1957) writer and painter

British Union Quarterly, 1937.

Business, Effort, Personality

“I saw Lon Chaney, Jr. walking with the Queen
Doing the werewolves of London.
I saw a werewolf drinking a piña colada at Trader Vic's…
His hair was perfect.”

Warren Zevon (1947–2003) American singer-songwriter

"Werewolves of London"
Excitable Boy (1978)

Drink, Perfection

“Therefore, in drawing closer to the people, we must above all make common cause with those elements of the masses which, since the foundation of the state of Muscovy, have never ceased to protest, not only in words but in deeds, against everything directly or indirectly connected with the state: against the nobility, the bureaucracy, the clergy, the traders, and the parasitic kulaks. We must unite with the adventurous tribes of brigands, who are the only genuine revolutionaries in Russia.”

Sergey Nechayev book Catechism of a Revolutionary

Catechism of a Revolutionary (1869)

People, Drawing

“The one version of the bourgeois comprises the artisan, the trader, the official, the financier, and the entrepreneur, all of whom, in their own way, can claim to know what labor is. Juxtaposed to them from the beginning, stands a type of bourgeois who does research, writes poetry, composes and makes music, and philosophizes and who believes that these activities develop a world that is self-sufficient. It is obvious that these two fractions of the bourgeois ego get on only superficially and come together only in the hollow connection of property and cultivation. They create the century-long tension between the good and the evil bourgeois, the idealist and the exploiter, the visionary and the pragmatist, the ideally liberated bourgeois and the laboring bourgeois. This tension remains as inexhaustible as that between the world of work and “freedom” in general.”

Peter Sloterdijk (1947) German philosopher

Source: Kritik der zynischen Vernunft [Critique of Cynical Reason] (1983), pp. 63-64

World, Music, Way, Freedom

“If he descended from heaven today
the great warrior who beat the money-traders
you would once more shout your "crucifige!"
and nail him to the cross which he himself bore.

But he mildly smiles upon your hate:
"The truth will prevail, even if the bearer falls;
the faith will live, for I give my life …
and stands tall at the cross for all warriors of the world."”

Baldur von Schirach (1907–1974) German Nazi leader convicted of crimes against humanity in the Nuremberg trial

Christ, The Flag of the Persecuted ( Die Fahne der Verfolgten http://www.archive.org/details/DieFahnederVerfolgten), page 51

Life, Money, Hate, Truth

“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

Thinking, Change, Parting

“Lin had made two miscalculations. He was under the impression that the British Government was not a parry to the smuggling of opium, which like an honest man he thought was the activity of unscrupulous traders and of depraved and barbarous pirates. This is well brought out in the letters which he addressed to Queen Victoria. …. Indeed the British Government was committed up to the hilt in this illegal and depraved traffic and in the piracy which went along with it. This Lin did not and could not be expected to know, especially when his own view of the State, as a true Confucian, was a moral one, where the Emperor under a mandate of Heaven upheld the proprieties…. These miscalculations affected the result, but they did not alter the legal rectitude of Lin's action. Nor could they be held to justify the action of Elliot in forcing a war on the Chinese and giving his Government's moral authority to a commercial system based on illegal traffic in drugs enforced by organized piracy.”

K. M. Panikkar (1895–1963) Indian diplomat, academic and historian

Asia and Western Dominance: a survey of the Vasco Da Gama epoch of Asian history, 1498–1945

War

“The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any price queue, as their only purpose was to tease information out of investors. The HFT firms posted these tiny orders on BATS—orders to buy or sell 100 shares of basically every stock traded in the U. S. market—not because they actually wanted to buy and sell the stocks but because they wanted to find out what investors wanted to buy and sell before they did it. BATS, unsurprisingly, had been created by high-frequency traders.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 73

“I have long since believed that in spite of all the vigilance that can be infused into post commanders, the special regulations of the Treasury Department have been violated, and that mostly by Jews and other unprincipled traders. So well satisfied have I been of this that I instructed the commanding officers at Columbus to refuse all permits to Jews to come South, and I have frequently had them expelled from the department, but they come in with their carpet-sacks in spite of all that can be done to prevent it. The Jews seem to be a privileged class that can travel anywhere. They will land at any woodyard on the river and make their way through the country. If not permitted to buy cotton themselves, they will act as agents for someone else, who will be at military post with a Treasury permit to receive cotton and pay for it in Treasury notes which the Jew will buy up at an agreed rate, paying gold.”

Ulysses S. Grant (1822–1885) 18th President of the United States

Letter to C. P. Wolcott, Assistant Secretary of War, Washington (17 December 1862).
1860s

Way, Travel, Country

“Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.”

Ed Seykota (1946) American commodities trader

Source: Schwager, Jack D., Market Wizards, HarperCollins (1989), page 159, ISBN 0-88730-610-1

Change

“Those who ruled in high places, and had the making of the laws in their hands, were chiefly rich landowners and successful traders, and instead of trying to raise the people, create a higher standard of comfort and well-being, and better their general condition, they did their best or worst to keep them in a state of poverty and serfdom, of dependence and wretchedness.”

Joseph Arch (1826–1919) British politician

Source: The Story of his Life Told by Himself (1898), p. 11

People, Law, Success, Dependency

“Traders and financiers all over the world had been listening to the Chancellor. For months he had said that if he could not stop the wage claims, the country was "facing disaster". Those were his own words. Rightly or wrongly these people believed him. For them, 5th September—the day that the Trades Union Congress unanimously rejected the policy of wage restraint—marked the end of an era. And all these financiers, all the little gnomes in Zurich and the other financial centres about whom we keep on hearing, started to make their dispositions in regard to sterling.”

Harold Wilson (1916–1995) Former Prime Minister of the United Kingdom

Speech in the House of Commons (12 November 1956) http://hansard.millbanksystems.com/commons/1956/nov/12/debate-on-the-address; often quoted as "gnomes of Zürich".

People, World, Country

“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.

“So what happens? You learn to shut up. You say, whoa, what's this going on? You go oddly still and quiet. If you talk like this around here, people will think you're one of those. And you realize that these are the traders — as in t-r-a-d-e-r-s — in the temple.”

Bono (1960) Irish rock musician, singer of U2

Rolling Stone interview (2005)
Context: So now — cut to 1980. Irish rock group, who've been through the fire of a certain kind of revival, a Christian-type revival, go to America. Turn on the TV the night you arrive, and there's all these people talking from the Scriptures. But they're quite obviously raving lunatics.
Suddenly you go, what's this? And you change the channel. There's another one. You change the channel, and there's another secondhand-car salesman. You think, oh, my God. But their words sound so similar... to the words out of our mouths.
So what happens? You learn to shut up. You say, whoa, what's this going on? You go oddly still and quiet. If you talk like this around here, people will think you're one of those. And you realize that these are the traders — as in t-r-a-d-e-r-s — in the temple.

People, Thinking, Learning

“The free-traders were against all State interference of any kind; they were against the Factory Act, they were opposed to the laws to prevent fraud and adulteration, especially in the interests of the working classes, they were against trade unions, they were in favour of unlimited competition, they would buy everything in the cheapest market and especially labour. ... we cannot logically and consistently attempt to defend labour against unfair competition without defending at the same time against unfair competition the product of that labour.”

Joseph Chamberlain (1836–1914) British businessman, politician, and statesman

Speech in Birmingham (9 July 1906), quoted in The Times (10 July 1906), p. 11
1900s

Fraud, Time, Law

“And the day of physical adventure is over. The day of the bold Phoenician, the fearless trader who with his caravan threaded his way into unknown lands; the day when the early English merchant-sailor trusted and risked his fortune in one small boat, and sought out markets and trading points in undiscovered corners of the earth—these days are gone for ever. The earth has all been "discovered," its lands and peoples are known, and its oceans charted. The merchant who desires to transact business abroad has at his call every detail of information regarding every country, island, or people.”

Harry Gordon Selfridge (1858–1947) America born English businessman

The Romance of Commerce (1918), A Representative Business of the Twentieth Century

Business, Way, People, Country