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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Raymond Duray who wrote (1248)	2/23/2001 6:23:09 AM
From: kas1	Read Replies (1) of 12410

His speculations were, TTBOMK, driven by a combination of FA and TA. There's the famous quote from him about the stock market being like predicting the winner of a newspaper beauty contest.... the infinite regression of "picking the stock that everyone thinks everyone will pick." His wheat speculation was certainly entered into because of chart patterns. Which his purchases tended to send out of his favor. Funny how that works. Hehe. As far as I know, he was trading commodity contracts for the account of his employer, King's College... large positions, which often violate the "price-taker" assumption (he should've known that!). But, AFAIK, his trading in common stocks, for his own account, was famously based on a morning scan of the newspapers in bed, with telephone at close reach (telephoning in bed was of course considered eccentric in those days).

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