Quotes from Aaron C. Brown

But you can't ignore dense people-they're not unarmed; they're armed differently.

Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refusal to do that.

Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.

Mathematical theory, tested in practice and constantly retested, is a valuable aid to play. Mathematics alone will blind you and let others rob you.

There is a deep, ancient connection between gambling and divination.

All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction.

Many financial disasters can be traced to people who thought they were hedging.

If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times.

There's no way to know how good a player you are except by measuring against others.

Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying all around them.

The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around.