Jul

11

 I was recently asked by a friend whether Jack Aubrey had any lessons to teach for trading. I don't know anything about nautical things but I answered him as below. He asked me if I had written about deception anywhere. I would be interested in any lessons that others have learned about markets from Patrick O Brian's books.

[…] there's a fake Englishman strategist, L!ddell H@rt, who fancies himself a master of deception. And I covered his insights. He's sort of like Ogilvie. Everything self serving. I believe that deception is one of the things they are very big on in the Military colleges. Deception in nature is the model. It's ubiquitous.

Lessons? From a  layman's point of view, yes. Forget the maneuver. Go for the jugular. And always have an escape plan. And use indirection at all times to get your way during the battle. And always be prepared to change your plans in the midst of the battle. Almost all the battles he won, he had to change in the middle.

Paolo Pezzutti writes:

I think the chair describes three main aspects of Jack Aubrey that are very relevant. Those aspects are:

1. deception

2. the determination to go for a big win over the enemy

3. the ability to adapt to changing situation.

I also think Jack Aubrey's has some characteristics like those of successful traders– for example, confidence. Jack was intimately aware that his abilities at sea as a Captain were first class. This was because of nautical competence, instinct, hard work training, cohesion and sharing of objectives with the crew, detailed planning and analysis of all factors before engaging a battle. Finally the intimate conviction the the British Navy was far superior to any other Navy. He also had the willingness to take risks. You can't win if you are not willing to lose. Jack Aubrey was taking big risks in order to leverage his edge against the enemy. This is similar to how traders take larger trades when the odds are in their favor. 


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