Eckhardt on Creating Wealth by Thinking Differently

October 23, 2015 pwm1

There is a persistent overall tendency for equity to flow from the many to the few.  In the long run, the majority loses.  The implication for the trader is that to win you have to act like the minority.  If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.

Wall Street Celebration

—William Eckhardt, mathematician and famed trader


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