A Quote by Benoit Mandelbrot
Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have found is that major rises and falls in prices are actually inevitable.
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Time is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future. There is a definite relation between price and time. By studying time cycles and time periods you will learn why market tops and bottoms are found at certain times, and why resistance levels are so strong at certain times, and prices hold around them. The most money is made when fast moves and extreme fluctuations occur at the end of major cycles.
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.
I'm an expert witness in a case that's in appeal about a guy who allegedly misappropriated source code from a major, major company - he actually worked there and then apparently they found it on his laptop later.
I'm even stunned at some of the majors you can get in college these days. Like you can major in the mating habits of the Australian rabbit bat, major in leisure studies... Okay, get a journalism major. Okay, education major, journalism major. Right. Philosophy major, right. Archeology major. I don't know, whatever it is. Major in ballroom dance, of course. It doesn't replace work. How about a major in film studies? How about a major in black studies? How about a major in women studies? How about a major in home ec? Oops, sorry! No such thing.
People do dollar cost averaging because they have regret of making one big mistake. But the fact of the matter is that, mathematically, the market rises more of the time than it falls. It falls, but it rises more of the time than it falls.
This is what I wanted most to avoid: for my rises and falls to become Tobias's rises and falls. That's why I can't let him step in to defend me now.
To reject even one major tenet of the religion or to violate one major rule of behavior is enough to get one kicked out - or worse.
High achievers tend to have major weaknesses. People without major weaknesses tend to be mediocre.
I like my house to be unique to me. Sure, I've bought plenty of things out of a catalog, but the way I put them together in my home is special. You might have bought your sofa at a major home decorating store, but the rug you found at the flea market is so unique, it takes your room from 'carbon copy' to 'simply yours' in no time.
The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.
Major global institutions need to harvest clean tech knowledge wherever it can be found and integrate it into their major export systems.
On a given day, you can have market fluctuations where prices fluctuate far more than the underlying economic value of the unit.
The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.
For many my behavior has been a major disappointment, my behavior has caused considerable worry to my business partners, and everyone involved in my business, but most importantly to the young people we influence, I apologize.
I think this is one of the major challenges that we face in the U.S. The major incidents in the U.S. have not conformed to our stereotype of an established terror organization attacking a major iconic landmark.
I was actually a poetry major in college before I punted and decided to become a theater major. I wrote the poem that we put on the sauerkraut boxes in the style of Elling.
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