Nov

25

 "Deeper meaning resides in the fairy tales told to me in my childhood than in any truth that is taugh in life." — Friedrich Schiller.

What fairy tales have deeper meaning for markets than truths taught by others in texts, shows, and talking of books?

Phil McDonnell writes:

The Tortoise and the Hare is most profound story for traders of any in Aesop's Fables. The drift is there for all to ride. But if, like the Hare, we are knocked out of the game then we cannot enjoy the full benefit of the drift.

Dr. McDonnell is the author of Optimal Portfolio Modeling, Wiley, 2008

Mr. Albert adds:

Not exactly a fairy tale, but the mythological phoenix encompasses the necessary creative destruction, the natural end to what's working, and the ability to come fresh from the ashes.

Also, Pinocchio has volumes to say about deception and gullibility. It's worth re-reading. I was surprised at how often Pinocchio is conned before he finally learns his lesson.


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