Quotes About Traders

Some traders are born with an innate discipline. Most have to learn it the hard way.

the shogun Tokugawa Ieyasu concluded that Europeans and Christianity posed a threat to the stability of the shogunate and Japan. (In retrospect, when one considers how European military intervention followed the arrival of apparently innocent traders and missionaries in China, India, and many other countries, the threat foreseen by Ieyasu was real.)

The arrival of the Portuguese explorers and traders on the sub-Saharan African coast in the early 1400s would ultimately represent a major new development in the history of the slave trade in Africa in terms of the intensity of its development, the sources of its slaves, and the uses to which its slaves would be put. But initially there was little to distinguish the Portuguese traders from the Muslim traders of North Africa and the sub-Saharan regions.

our enlightenment about Asia actually came to us first from irritated missionaries and from soldiers. Later came travelers - traders and tourists - who are soldiers that have cooled off. Pillaging is called shopping, and rape is practiced onerously in specialized shops.

The Objectivist ethics holds that human good does not require human sacrifices and cannot be achieved by the sacrifice of anyone to anyone. It holds that the rational interests of men do not clash—that there is no conflict of interests among men who do not desire the unearned, who do not make sacrifices nor accept them, who deal with one another as traders, giving value for value.[13]

the factory-owners and traders, grew stronger as a result of the new trade frontiers in America, Africa and the Far East.

People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. Money that is spent on one good is the loss of another good that could have been purchased instead. For the poor, costs are losses.

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

Coming back again to the investment bank world, they have meetings and all sorts of stuff going on that suck up time. Traders would all complain about the waste of time, but what it actually meant was that it limited the amount of time they were in front of their screens staring at their positions. You don't want to be sitting in front of your screen and staring at market prices for 12 hours a day. Staring at the price is not going to tell you very much.

The local market The local village or town market is often open-air, with canvas-covered stalls. The traders sell a variety of goods, from salami and prawns (shrimps) to feather dusters and straw hats. The customers meet to exchange news and talk about local affairs. This market, with a nut stall in the foreground, is in a village near Rome. Supermarkets are gradually becoming more common in large Italian towns, as they are in other European countries.

Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit, rather than focusing on the information that reinforces their fears.

The snakes are always against the prohibition of the poisons; and the arms traders, of the arms!

Commercial "silver" debts among traders and other entrepreneurs were not subject to these debt jubilees. Rulers recognized that productive business loans provide resources for the borrower to pay back with interest, in contrast to consumer debt. This was the contrast that medieval Schoolmen later would draw between interest and usury.

The poorer women lived from wages, the richer women sank their money into houses they often shared with other beguines. That did not stop them being very successful in the new commercial world around them; the beguinage of Sint-Truiden was attacked and plundered in 1340 by townspeople furious at how well the women were doing, especially since they were free of some taxes.9 Some of them were traders, not just artisans.

Daniel Kahneman, who was the first psychologist to win the Nobel Prize in Economics (see my podcast episode #212), attributed market manias to investors' illusion of control, calling the illusion prospect theory. He studied the intellectual underpinnings of investing—how traders estimate odds and calculate risks—to prove how often people act from the mistaken belief they know more than they do.

So when the Midianite traders passed by, his brothers pulled Joseph out of the pit and sold him for twenty shekels of silver to the Ishmaelites, who took him to Egypt.

Be silent, O dwellers of the coastland, you merchants of Sidon, whose traders have crossed the sea.