Aaron C. Brown
American finance practitioner
Lived from: 1956 -
Quotes 1 till 10 of 10.
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All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction.
The Poker Face of Wall Street (2006) Ch. 5― Aaron C. Brown -
From the lottery to raise the funds for the founding of Jamestown, Virginia, in 1607 to the lottery used to pay the interest on Dutch loans to the United States during the Revolutionary War, the development of the United States was funded by gambling.
The Poker Face of Wall Street (2006) Ch. 4― Aaron C. Brown -
If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times.
The Poker Face of Wall Street (2006) Ch. 4― Aaron C. Brown -
If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.
The Poker Face of Wall Street (2006) Ch. 1― Aaron C. Brown -
Many financial disasters can be traced to people who thought they were hedging.
The Poker Face of Wall Street (2006) Ch. 4― Aaron C. Brown -
Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refusal to do that.
The Poker Face of Wall Street (2006) Ch. 4― Aaron C. Brown -
Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying all around them.
The Poker Face of Wall Street (2006) Ch. 3― Aaron C. Brown -
The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around.
The Poker Face of Wall Street (2006) Ch. 3― Aaron C. Brown -
There's no way to know how good a player you are except by measuring against others.
The Poker Face of Wall Street (2006) Ch. 3― Aaron C. Brown -
You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy.
The Poker Face of Wall Street (2006) Ch. 1― Aaron C. Brown
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