A Quote by Joan Robinson
But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.
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The humanities of business in this age have become more important than the techniques of business. Each business and industry has to sweep the public misunderstandings and the false notions off its own front walk. Thus will a pathway be cleared for popular appreciation of the important rule of business in our freedom and in our way of life.
No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That's one of the positive features of markets. That's why they function.
Speculators are obsessed with predicting: guessing the direction of stock prices. Every morning on cable television, every afternoon on the stock market report, every weekend in Barron's, every week in dozens of market newsletters, and whenever business people get together. In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a purely speculative undertaking.
When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.
Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
A country will have authority and influence because of moral factors, not its military strength; because it can be humble and not blatant and arrogant; because our people want to serve others and not dominate others. And a nation without morality will soon lose its influence around the world.
Each individual person is very important. Each person has tremendous potential. She or he alone can influence the lives of others within the communities, nations, within and beyond her or his own time.
If the knowledge of torture of others makes you sick, it is a case of sympathy... It can be argued that behaviour based on sympathy is in an important sense egoistic, for one is oneself pleased at others' pleasure and pained at others' pain, and the pursuit of one's own utility may thus be helped by sympathetic action.
My research suggests that when people get rebuffed they become frustrated and angry, but they would do better to become curious about the reason for the rejection. I also found that people assume that others are like them, operating under the same knowledge, beliefs, constraints and priorities. This mirror assumption makes it easier to speculate about why others act in the way they do, but sometimes the mirror assumption is wrong.
If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.
I think it's too soon. We are less than 24 hours since the polls closed, it's too soon to speculate. There's all sorts of names, I'm sure, around.
Most of what we've done at SurveyMonkey is create a market, which I would say is much harder than trying to enter a market that already exists. But if you get it right, it can become a great business.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
The dialectical critique of positivist habits of mind ... is interested only in behaviour which is 'important' to the actor; that is, behaviour which is emotionally charged to the degree that it is either frequently recalled, reflected upon, or day-dreamed about. ... That science which is less discriminating in the behaviour it chooses to investigate gains clarity and distinctiveness at the cost of confining itself to the trivial.
Men like me, who merely wish to establish political freedom, will in such circumstances lose all their influence, and others will get influence who may become dangerous to all established interests whatsoever.
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