Manazir Traders Quotes

People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. Money that is spent on one good is the loss of another good that could have been purchased instead. For the poor, costs are losses. ~ Daniel Kahneman

They don't try to trade 'reality', they try to trade
other people's perceptions of reality. If a market is dominated by enough technical traders, it could lapse into a 'postmodern' state, with traders trading perceptions of perceptions of reality. ~ Brett Scott

There is only one side of the market and it is not the bull side or the bear side, but the right side. ~ Jesse Livermore

Some social or economic upheavals always seem to come out of the blue, but we should nonetheless ask ourselves if we are right to regard them as the result of an impenetrable destiny.
The volume of futures contracts on financial instruments and raw materials has recently exceeded by a factor of twenty times the volume of the goods that they relate to. Just as forty years ago the arms race brought nuclear weapons that had the capacity to exterminate a population twenty times larger than that of the whole world, so today finance is ruled by processes and mechanisms that stand alone and are divorced from reality.
Like the man whose finger hovered just above the red button, the hedge fund managers or traders who follow their orders have no understanding of the effects of their actions on the world population and don't know about its dramas, which are considered as minor inconveniences along the way.
Every time we make a purchase, buy a loaf or a glass of orange juice, we need to know that the flour and juice that we are paying for, even the coins we use to pay for it, have already been bought and sold twenty times before they end up in our hands.
Those who can afford to pay the amount they are asked for don't worry about it: producers are oppressed by the fluctuations in the price of raw materials but nobody listens to them.
The size and range of transactions on the financial markets are increasing and their effects grow ever more violent and unpredicta ~ John Rupert McGregor 1959 -2012

To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking. ~ Alexander Elder

You listen to the street traders any morning. They don't shout, 'Nearly-fresh oranges, only slightly squashy, reasonable value,' do they? No, they shout, 'Git chore orinjes, they're luvverly.' Good business sense." He ~ Terry Pratchett

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer. ~ Michael Lewis

It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong. ~ George Soros

You are but a hard turd in the ass of my journey. ~ David Liss

It was in a swampy village on the lagoon river behind the Turner Peninsula that Pollock's first encounter with the Porroh man occurred. The women of that country are famous for their good looks - they are Gallinas with a dash of European blood that dates from the days of Vasco da Gama and the English slave-traders, and the Porroh man, too, was possibly inspired by a faint Caucasian taint in his composition. (It's a curious thing to think that some of us may have distant cousins eating men on Sherboro Island or raiding with the Sofas.) At any rate, the Porroh man stabbed the woman to the heart as though he had been a mere low-class Italian, and very narrowly missed Pollock. But Pollock, using his revolver to parry the lightning stab which was aimed at his deltoid muscle, sent the iron dagger flying, and, firing, hit the man in the hand.

He fired again and missed, knocking a sudden window out of the wall of the hut. The Porroh man stooped in the doorway, glancing under his arm at Pollock. Pollock caught a glimpse of his inverted face in the sunlight, and then the Englishman was alone, sick and trembling with the excitement of the affair, in the twilight of the place. It had all happened in less time than it takes to read about it.

("Pollock And The Porroh Man") ~ H.G. Wells

Most of these stories are on the tragic side. But the reader must not suppose that the incidents I have narrated were of common occurrence. The vast majority of these people, government servants, planters, and traders, who spent their working lives in Malaya were ordinary people ordinarily satisfied with their station in life. They did the jobs they were paid to do more or less competently,. They were as happy with their wives as are most married couples. They led humdrum lives and did very much the same things every day. Sometimes by way of a change they got a little shooting; but at a rule, after they had done their day's work, they played tennis if there were people to play with, went to the club at sundown if there was a club in the vicinity, drank in moderation, and played bridge. They had their little tiffs, their little jealousies, their little flirtations, their little celebrations. They were good, decent, normal people.

I respect, and even admire, such people, but they are not the sort of people I can write stories about. I write stories about people who have some singularity of character which suggests to me that they may be capable of behaving in such a way as to give me an idea that I can make use of, or about people who by some accident or another, accident of temperament, accident of environment, have been involved in unusual contingencies. But, I repeat, they are the exception. ~ W. Somerset Maugham

Many amateurs believe that plants and animals reproduce on a one-way route toward perfection. Translating the idea in social terms, they believe that companies and organizations are, thanks to competition (and the discipline of the quarterly report), irreversibly heading toward betterment. The strongest will survive; the weakest will become extinct. As to investors and traders, they believe that by letting them compete, the best will prosper and the worst will go learn a new craft (like pumping gas or, sometimes, dentistry). Things are not as simple as that. We will ignore the basic misuse of Darwinian ideas in the fact that organizations do not reproduce like living members of nature - Darwinian ideas are about reproductive fitness, not about survival. ~ Nassim Nicholas Taleb

Note, please, that I condemn only junk science (as does Mr Delingpole): this is in fact a measure of my, and his, regard for good science. Junk bonds do not, by their existence, condemn the existence of markets; crony capitalism – which is indissolubly tied to the 'Green' movement and its loudest advocates, who are bought and paid for by cronyism – does not condemn capitalism; junk science does not invalidate science as a discipline. Indeed, the greatest and most implacable enemies of junk bonds are and by rights ought to be traders; of crony capitalism, capitalists; and of junk science, those who hold true science in its just regard. ~ G.M.W. Wemyss

The sad truth is that without complex business partnerships between African elites and European traders and commercial agents, the slave trade to the New World would have been impossible, at least on the scale it occurred. ~ Henry Louis Gates

You can still sit under the tree where Dr. Livingstone negotiated with slave traders to set people free. ~ Joyce Banda

When traders were able to earn a million dollars, of which base pay was $150,000 to $200,000 and the rest was bonus, they would go for it. Now if you're sitting there earning $600,000, you become less risk-seeking. And if you have less risk-seeking, the ability of the market to be incredibly volatile is increased. ~ Michael Hintze

By accident, some traders had stumbled across a route controlled by Verizon that took 14.65 milliseconds. "The Gold Route," the traders called it, because on the occasions you happened to find yourself on it you were the first to exploit the discrepancies between prices in Chicago and prices in New York. ~ Michael Lewis

The biggest secret that traders don't want the world to know is that anyone with a more or less sane disposition can do what they're doing. The trick is getting access to the trough, to the P&L, to the "book." The road toward it is tough, treacherous and crowded. On the way there, you will be misled into believing that in order to be a trader you must have a physics PhD, or know how to write code and build models, or have a top-school MBA, or, when all else fails, just be a young Caucasian male. But in the end, it doesn't matter who made it to the top. In the end, it all comes down to merely placing a bet. ~ Katya G. Cohen

Everybody gets what they want out of the market ~ Ed Seykota

Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up. ~ Jim Rogers

Thinkers, makers and traders are the DNA of the world class company ~ Rosabeth Moss Kanter

If you want to be fully convinced of the abominations of slavery, go on a southern plantation, and call yourself a negro trader. Then there will be no concealment; and you will see and hear things that will seem to you impossible among human beings with immortal souls. ~ Harriet Ann Jacobs

Markets can remain irrational longer than you can remain solvent. ~ John Maynard Keynes

In order to succeed, you first have to be willing to experience failure. ~ Yvan Byeajee

Senegal had always boasted one of Africa's most vibrant merchant cultures. The country's boubou-wearing traders had long colonized street corners in New York and many a European city, where they sold clothing, gadgetry, and assorted tourist fare. But in 2004, Dakar's traders woke up suddenly to the alarming notion that they were in turn being colonized by Chinese who seemed to be taking over the retail sector. Large protests followed in Dakar, with the striking Senegalese traders demanding government action to protect them from the Chinese newcomers. From ~ Howard W. French

Ernestine Warner was working with the same rough information available to traders like Eisman. This was insane: The arbiter of the value of the bonds lacked access to relevant information about the bonds. "When we asked her why", said Vinny, she said "The issuers won't give it to us". That's when i lost it. "You need to demand to get it!" She looked at us like, We can't do that. We were like, "Who is in charge here? You're the grown-up. You're the cop! Tell them the fucking give it to you!!!" Eisman concluded that "S&P was worried that if they demanded the data from Wall Street, Wall Street would just go to Moody's for their ratings. ~ Michael Lewis

Of course, the fact that a single biblical text can mean many things doesn't mean it can mean anything. Slave traders justified the exploitation of black people by claiming the curse on Noah's son Ham rendered all Africans subhuman. Many Puritans and pioneers appealed to the stories of Joshua's conquest of Canaan to support attacks on indigenous populations. More recently, I've heard Christians shrug off sins committed by American politicians because King David assaulted women too. Anytime the Bible is used to justify the oppression and exploitation of others, we have strayed far from the God who brought the people of Israel out of Egypt, "out of the land of slavery" (Exodus 20:2). ~ Rachel Held Evans

Art, music, and philosophy are merely poignant examples of what we might have been had not the priests and traders gotten hold of us. ~ George Carlin

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

Because the Indians are planning to start war now, the common people want all of them destroyed so that they can live in peace; however, this is probably a sinful and not at all decent wish. Not to mention the fact that the Indians were the first and legitimate inhabitants and hence are the rightful owners of this land. . . . If the English traders treated the Indians better, the Indians would behave better. ~ Johann Martin Boltzius

The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury? ~ Ezra Heywood

Corporate finance, which services the corporations and governments that borrow money, and that are known as "clients," is, by comparison, a refined and unworldly place. Because they don't risk money, corporate financiers are considered wimps by traders. ~ Michael Lewis

Trading mastery is a state of complete acceptance of probability, not a state of fight it. ~ Yvan Byeajee

One common adage ... that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. ~ William Eckhardt

I was convinced that I was totally incompetent in predicting market prices - but that others were generally incompetent also but did not know it, or did not know they were taking massive risks. Most traders were just "picking pennies in front of a steamroller," exposing themselves to the high-impact rare event yet sleeping like babies, unaware of it. ~ Nassem Nicholas Taleb

Rivalry is the life of trade, and the death of the trader. ~ Elbert Hubbard

Had I been more responsible I might have made something of myself as a junk bond trader, long-haul trucker or perhaps a plumbing contractor. ~ Brock Yates