A Quote by Thomas Peterffy

Some traders still think that a computer could not trade as well as they can.

Thomas Peterffy

Quote Topics

Computer Could Some Still Think Trade Traders Well

Quote Author

Thomas Peterffy
Hungarian - Businessman
Born: 1944

One can think of any given axiom system as being like a computer with a certain limited amount of memory or processing power. One could switch to a computer with even more storage, but no matter how large an amount of storage space the computer has, there will still exist some tasks that are beyond its ability.

Terence Tao

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Bruce Kovner

Historical records show that Abenakis and other Natives encountered European explorers and traders in Canada looking for sources of ivory to compete with the Russian trade in Siberian fossil mammoth ivory - these traders routinely asked about ivory 'horns' and teeth.

Adrienne Mayor

I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.

Sherrod Brown

We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.

Brad Katsuyama

The biggest hurdle to writing Fargo Rock City was that I couldn't afford a home computer - I had to get a new job so I could buy a computer. It could all change though. In five years, I could be back at some daily newspaper, which wouldn't be so bad.

Chuck Klosterman

Honestly, I had no idea that the heart could cause such trouble and strife. It could be broken and still mend. It could be wounded and still heal. It could be given away still returned, lost and found. It could do all that and still you lived, though according to some, only just.

Sally Gardner

Well, we don't think for a moment that either the U.S. or Australia are out to damage the New Zealand economy, but if there were a sustained period in which they had a free-trade agreement and New Zealand didn't have that same arrangement with the States, that could be both trade- and investment-distorting.

Helen Clark

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

John Kenneth Galbraith

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

Bruce Kovner

I think the brain is essentially a computer and consciousness is like a computer program. It will cease to run when the computer is turned off. Theoretically, it could be re-created on a neural network, but that would be very difficult, as it would require all one's memories.

Stephen Hawking

I started typing diary in, I don't know, 1978 or '79, but then the computer changed that a lot. Because with the computer if you were writing and you realized you had three sentences in a row that started with the word "he," you could fix that right up, whereas on a typewriter you'd think, "Well, I'm not going to change the whole page. It's my diary." So that made a difference.

David Sedaris

On the show, you have to be more charismatic, a little smoother, but I think I can still be that prince of darkness. You just have to learn the tricks of the TV trade as well.

Anthony Jeselnik

Well, Well, Well, its certainly a compelling provocative exciting delicious to think about idea, smart people say the universe is so big there must be something statistically it could be likely there could be something happening on some other world.

Jeff Goldblum

I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.