Quotes About Analysis

I mean I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is.

Nothing has such power to broaden the mind as the ability to investigate systematically. —Marcus Aurelius

What do researchers know? What do they not know? What has been researched and what has not been researched? Is the research reliable and trustworthy? Where are the gaps in the knowledge? When you compile all that together, you have yourself a literature review.

Your plan is a script of what you expect to happen based on your particular method of analysis and provides a clear course of action if it doesn't happen;

The objective of the scenario approach is not to decide which scenario is right…. There is no 'right' answer.

The basic distinction between the individual and the crowd is that the individual acts after reasoning, deliberation, and analysis; a crowd acts on feeling, emotion, and impulses.

Next, you must select a method of market analysis that you are going to use. Otherwise, you will jump back and forth among several methods in search of supporting evidence to justify holding onto a market position.

Because there are so many ways to analyze the market, you will inevitably find some indicator from some method of analysis that can be used to justify holding a position. This is true for both profitable and unprofitable positions: you will keep a profitable position longer than originally intended and possibly have it turn into a loss, and you will rationalize holding a losing position far beyond what you were originally willing to lose.

the decision-making process is as follows: (1) Decide what type of participant you're going to be, (2) select a method of analysis, (3) develop rules, (4) establish controls, and (5) formulate a plan.

Market positions are either profitable or unprofitable, period.

Broadly speaking, the decision-making process is as follows: (1) Decide what type of participant you're going to be, (2) select a method of analysis, (3) develop rules, (4) establish controls, and (5) formulate a plan.

Speculating is the application of intellectual examination and systematic analysis to the problem of the uncertain future.

You must pick the loss side first. Why? Otherwise, after you enter the market everything you look at and hear will be skewed in favor of your position.

Arithmetic is the death of story.

Every word, every gesture must be analyzed, ad nauseam, in search of hidden rejection. Surges of noxious anxiety emanate from what I call brain farts and travel like sewer gas to my stomach.

Class is entirely intangible, and the way it affects things isn't subject to scientific analysis, and it's not supposed to be real but it's pervasive and powerful. See; just like magic.

Class is entirely intangible, and the way it affects things isn't subject to scientific analysis, and it's not supposed to be real but it's pervasive and powerful. See; just like magic. W

Very early in his career, he went after the single biggest and most consequential question in business: Why are some companies more profitable than others? One big question led to another.

In the oft-told joke, one economist says to another, "Sure, it works in reality. But will it work in theory?" Porter's work endures—and is so widely cited and used—because it works in both realms, theory and practice.

The five forces framework explains the industry's average prices and costs, and therefore the average industry profitability you are trying to beat.

Seeing that gate turnarounds are a significant cost driver, you would then dive a level deeper, to the many specific subactivities involved in gate turnarounds. Here you'd be looking for ways to lower your costs without sacrificing customer value. This is how you drive an even greater wedge between your performance and that of your rivals.

When you analyze the power of suppliers, be sure to include all of the purchased inputs that go into a product or service, including labor (i.e., your employees).

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

The purpose of studying economics is to learn how not to be deceived by economists.