The first time I read this book a couple of years ago I was struck by what at the time seemed like the superfluous tone of this particular interview. Seykota seemed to be going out of his way to give "cute" answers. Anyway I read it again this morning and found myself laughing out loud in agreement...funny how time changes your perspectives. Quotes...
"Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them 'funny-mentals'. However if you catch on early, before others believe then you might have valuable 'suprise-a-mentals'"
"A lot of people would rather understand the market than make money"
"A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do"
"Everybody gets what they want out of the market"
Great stuff.
"Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them 'funny-mentals'. However if you catch on early, before others believe then you might have valuable 'suprise-a-mentals'"
"A lot of people would rather understand the market than make money"
"A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do"
"Everybody gets what they want out of the market"
Great stuff.
The breaking of a wave cannot explain the whole sea.