The trading characteristics of a security become more impor… - Aaron C. Brown

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The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around.

Aaron C. Brown

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About Aaron C. Brown

Aaron C. Brown (born November 27, 1956) is an American author and financial trader. He is best-known for the idea that the economics of modern global derivatives evolved from gambling games rather than older financial institutions, and that gambling remains at the core of economic life.

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Richard Arnold Epstein John Kenneth Galbraith Warren Buffett Didier Sornette Benjamin Graham

Additional quotes by Aaron C. Brown

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

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

If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.

The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical econ… - Aaron C. Brown

About Aaron C. Brown

Additional quotes by Aaron C. Brown