"But you can't ignore dense people-they're not unarmed; they're armed differently."

"Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near thei…"

"If you want to understand financial markets, and their effects on the economy, you have to understand the trading gam…"

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

"The trading characteristics of a security become more important than its underlying economics. The virtual economics …"

"Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never …"

"Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refus…"

"If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times."

"Fortunes made buying and selling securities have underwritten economic revolutions."

"Many financial disasters can be traced to people who thought they were hedging."