Edward de Bono, wrote in his book 'I am right, you are wrong': 'The stock market is meant to reflect the values of a corporation listed. But a more direct influence on the market price is the tendency of people to buy and sell. So if you attend to and anticipate the tendency of your colleagues you will successfully play the market. After a while it becomes a game in itself and the underlying corporate values fade into the background, even though they are periodically brought forward to rationalize behavior that has really been based on other factors.' He calls such kind of behaviour as ludecy from Latin 'ludo' meaning 'I play'.
Useful link:
www.edwarddebono.com
In my view without speculation traders don't stand to gain at all + if it's seen as a game commodities market is similar to stock markets + valuable lessons for the gem/jewelry/art traders.
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