A Quote by Ed Seykota
In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.
Related Quotes
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
The current fast food that we have is inexpensive when you buy it, but the long-term costs of eating it and the long-term costs to society, are much too high. This cheap food, when you add up all the total costs, is much too expensive.
Please don’t let it be another cop. I’m outta bail money. Wait a minute…I could sell you on eBay and make a killing. (Mark) Not in my current condition. You’d have to sell Caleb or Madaug. I’m sure there’s someone willing to buy two perfectly good white boys. (Nick)
What we are saying is that on top of the warming trend there is a long-periodic oscillation that will probably lead to a lower temperature increase than we would expect from the current trend during the next years.
When I buy, I buy players for the long term, not the short term because I do respect the club a lot and also the other clubs.
Order is the law of nature, the universal trend, the cosmic direction. If time is an arrow, that arrow points toward order. The future is pattern, organization, union, intensification; the past, randomness, confusion, disintegration, dissipation.
A good education prepares a child to be a good employee and a good citizen-in that order, with the importance of the former never exceeding the importance of the latter.
We are aware that many national farm organizations are putting forth various plans to provide both short- and long-term relief to our nation's agricultural producers. While we believe long-term solutions are essential, the current situation demands a more immediate response.
I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.
There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
One of my favorite indicators of the near-term trend for the economy is auto sales, since folks tend to buy a car when they are feeling optimistic about their financial circumstances.
This is a tradition of resistance to the term that's as old as the term itself, especially because that term has been used to commodify and reduce black creativity, and also to appropriate and sell it. That's what John Coltrane said in an interview with a Japanese journalist: "Jazz is a word they use to sell our music, but to me that word does not exist." And he's treated as one of the central figures in the history of jazz. So if he rejected it, then why is it weird when I do it? I'm in the tradition!
More and more people realize the importance of economic growth, near-term and long-term in the U.S., and the competitiveness with other countries around the world.
Delegation requires the willingness to pay for short term failures in order to gain long term competency.
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