Cormorant fishing1. An important point from Galton's The Art of Travel:

Cormorants in China fish during the winter from October to May, working from 10am to 5pm, at which hour their dinner is given to them. A straw tie is put around their necks to keep them from swallowing. When a fish is captured, an oar is held out for the fish to step upon. (However, it requires caution to train a cormorant because the bird has a habit when angry of striking with the beak at the instructor's eye, with an astonishing rapid and sure strike.

Moving back to the concept of the selfish price, might the same be said of very direct day trading systems systems for capturing market prey with the price acting as the cormorant?

2. What is the miner's canary for the market? Might one suggest that one forgo looking at silver, the scholarly market, the Parisian trends, the emerging performance, the moves in the ted spread and the Fed model, but turn to the cormorants. Note that they worked from 9 to 5 in 1861 a good 70 years before the 8 hour work week became standard, and their prediction record for the stock market might be as good as the woebegone reveler that Nock found in the Wigwam the day of the election never getting through the end of Marching Through Georgia.

Ken Drees writes:

 One of my favorite books read to me as a child was about a Chinese duck trained to fish for an Asian man/boy who was a little free with his stick if the duck was tardy on his way to the fishing grounds, The pictures were very interesting and delightful, showing the entire fishing scenes from olden days. I would recommend this book for Aubrey.

It's amazing how the post about cormorants triggered this memory. I remember seeing the metal rings around the necks of the birds in my mind. 


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