May

14

 Excitement levels are rising in my household as the Monaco Formula 1 Grand Prix approaches. I try to attend every year.

This year, one has the rare pleasure to be watching the event from a yacht in the harbour owned by a world class scientist who has recently retired from markets.

I shared a wonderful (all too brief) lunch with him yesterday in a wonderful eatery on St.James' in London called CafeMurano… But I digress…..

We spoke of the great things he has done in markets and what I was doing, amongst much else.

I share the following, absolutely invaluable quotes with those on this list - they are now on my office wall alongside something that Jeff Watson send me some time ago of equal import:

"…..- we made so much money with so little risk because we were applying techniques that were, a/ roundly rejected by academia b/ conceptually very different from what is taught in higher education establishments …" and, most compellingly of all - this gem '…. There exist phenomena in the market that completely and utterly defy physical and traditional mathematical 'laws'…we focused on what we could not see…." (his emphasis upon the word laws).

Let us redouble our efforts. I know I am.


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