A Quote by William Delbert Gann
A successful trader studies human nature and does the opposite of what the general public does.
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In the U.S., the term 'general aviation' means its exact opposite, the way 'public school' does in England. An English public school is private and, on top of that, exclusive. Likewise, general-aviation airports in the U.S. are for everyone but the general public.
To adjoin the instinctual nature does not mean to come undone, change everything from left to right, from black to white, to move the east to west, to act crazy or out of control. It does not mean to lose one's primary socializations, or to become less human. It means quite the opposite. The wild nature has a vast integrity to it
The symbol of all relationships among such men, the moral symbol of respect for human beings, is the trader. We, who live by values, not by loot, are traders, both in matter and in spirit. A trader is a man who earns what he gets and does not give or take the undeserved.
One does not have to be a philosopher to be a successful artist, but he does have to be an artist to be a successful philosopher. His nature is to view the world in an unpredictable albeit useful light.
There's an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In fact, public debt does the exact opposite - it relieves private debt.
Well, I try not to think about the general public since I have no idea what the general public is and I don't think anybody does.
The First Amendment does not guarantee the press a constitutional right of special access to information not available to the general public, nor does it cloak the inmate with special rights of freedom of speech.
Whatever does not spring from a man's free choice, or is only the result of instruction and guidance, does not enter into his very being, but still remains alien to his true nature; he does not perform it with truly human energies, but merely with mechanical exactness.
What astonishes many of us is not so much that human nature is fundamentally corrupt; we are astonished rather that it does not behave more wickedly than it obviously does.
Using the commons as a cesspool does not harm the general public under frontier conditions, because there is no public, the same behavior in a metropolis is unbearable.
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.
Art does not imitate nature, but founds itself on the study of nature, takes from nature the selections which best accord with its own intention, and then bestows on them that which nature does not possess, viz: The mind and soul of man.
Excellence does not come easily or quickly-- an excellent education does not, a successful mission does not, a strong, loving marriage does not, rewarding personal relationships do not. It is simply a truism that nothing very valuable can come without significant sacrifice, effort, and patience on our part.
Compromise does not satisfy, but dissatisfies everybody; it does not lead to any general fulfillment, but to general frustration; those who try to become everything to all people end up by not being anything to anyone.
Physics does not change the nature of the world it studies, and no science of behavior can change the essential nature of man, even though both sciences yield technologies with a vast power to manipulate the subject matters.
I'm not a free trader, but I am a free trader, but I'm also a fare trader and a smart trader. I want to make sure that the United States gains something. So I think you would probably agree.
