If you want to understand financial markets, and their effe… - Aaron C. Brown

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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.

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

Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refusal to do that.

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

Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying all around them.

If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movemen… - Aaron C. Brown

About Aaron C. Brown

Additional quotes by Aaron C. Brown