A Quote by Ed Seykota
It can be very expensive to try to convince the markets you are right.
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Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.
Don't try to convince your partner you are right. Instead of trying to win arguments, try to have a winning relationship!
... when demand is being destroyed by expensive oil just as expensive oil is incentivising increased production - it should come as no surprise that at some point the markets would react.
Obamacare will never work. It's very bad, very bad health insurance. Far too expensive. And not only expensive for the person that has it, unbelievably expensive for our country.
Summer blockbusters are very expensive to make. They have things that have to be expensive, such as 600 effects shots or CG characters that have to go a certain way, or a film design that is different but expensive.
Before you try to convince anyone else, be sure you are convinced, and if you cannot convince yourself, drop the subject.
You can't convince anyone of anything. You can only give them the right information, so that they convince themselves.
Markets help people pursue their happiness more efficiently and effectively. Because they are so effective, markets provide benefits right here and right now, even while government is busy batching the protection of happiness.
I bought two sculptures of two baboons called Lord and Lady Muck on an antique piece of furniture from an art exhibition, and it was quite expensive. It was very expensive, actually - way too expensive.
David and Charles Koch are pretty much as far right as you can get on the ideological spectrum without falling off. They are far right libertarians, very anti-government, very pro-business, very anti-tax, anti-regulatory, in favour of free markets ruling the day.
It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.
In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.
Sometimes, as practice for trying to convince myself that God exists, I try to convince my shadow that the sun exists.
Sometimes I think you have to try to do things that people don't think are doable. I remember at the very beginning actually, the first person I had to convince was myself really because there's a self-censorship. When everybody says 'we don't do silent movies anymore,' you agree with everybody, and you say 'yeah, you're right.' It was a fantasy.
There's always this joke that I say in Israel: people don't really have discussions; they just try to convince the other people that they are wrong or they are right - they just try to impose their opinion on the others. Sometimes I think it's easier to avoid talking about things and just make music.
Comedies are just never that expensive quite frankly. They really aren't. We aren't doing green screen shooting, so even Hangover II in Bangkok might seem like it's expensive, you're flying over and back, but they're just not that expensive to make when you do it the way we do it which is very focused and I've done it before.
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