Your Daily Bit of Wall Street Wit & Wisdom

Black Swan swimming at Perth Zoo

Black Swan swimming at Perth Zoo

“Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.”
— Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

The only certainty in markets is that prices will fluctuate.  Approach your trading with the humility to value what you don’t know.  Be ready and able to act with courage and discipline to changing conditions.

The Boy Scout motto, ‘Be prepared,’ is vital for survival in always uncertain markets.  At Options Hotline, we apply knowledge based on experience for sensible and successful speculation.

Best regards,

Steve

 

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