Market Curiosity: Exploring Markets And Systems

February 9, 2014

January Snippets

Filed under: Snippets — Jeff Fitzmyers @ 2:02 pm

Look deep into nature, and then you will understand everything better. — Albert Einstein

The difference between a rut and a grave is the depth. — Gerald Burrill

Blame is not for failure, it is for failing to help or ask for help. — Jorgen Vig Knudstorp, CEO of The Lego Group

It changes everything. Suddenly it becomes in my interest to be transparent on my real weaknesses, my real forecast, because I know I will not be blamed if I fail, but if I fail to help or ask for help. — Yves Morieux: As work gets more complex, 6 rules to simplify

  • Understand what other people do.
  • Reinforce the integrators.
  • Expand the amount of power available.
  • Increase the need for reciprocity.
  • Expose employees to the shadow of the future.
  • Place blame on the uncooperative.

Things are either of the light (win-win), or the not light. Gray is in the manifestation, not the decision. — me

There are two ways of spreading light: to be the candle or the mirror that reflects it. — Edith Wharton

Time is the ultimate tester (and breaker) of all things – as such, time equates to volatility. Mother Nature is the master of incremental advancement (biological and societal evolution) through multi-dimensional long run trial and error (serendipitous random tinkering).

Many “Soviet-Harvard” type errors come via disregard of time gaps – the delayed distribution of hidden costs and consequences (mistaking absence of evidence for evidence of absence). Those who suffer from neomania – love of the new – arrogantly assume we can improve on designs we don’t truly understand, even when nature has taken centuries, or even millennia, to perfect what clearly works.

Because existence is such a non-linear phenomenon – e.g. our hunter gatherer ancestors did not get an “average” or “balanced” nutritional intake each day, but rather feasted on some occasions and fasted on others – it bears out that Mother Nature (and thus our ancient biological systems) have intrinsically adapted to this nonlinearity, and even found ways to benefit from it (moderate level stressors strengthen the bones and muscles, random fluctuations in air pressure intake can benefit the lungs etc.).

The principle of “via negativa” suggests that, in terms of taking action, subtraction often trumps addition because it is so hard to improve on nature’s time-tested original (without dilutive side effects). Infant mortality and life-saving surgery aside, the simple exhortation to stop smoking (give up cigarettes) has had more positive health impact than virtually all “modern medicine” advances of the 20th century. — Embrace Optionality and Don’t Drink Orange Juice: “Antifragile” Review (Taleb ond nature)

Uncertainty sucks! I found that “trying” to let go of attachment was too hard. So I gave up, which allowed peace to flow. Instead of fighting the attachment and pain of attachment, I thanked the attachment for illustrating: how much I cared, what I cared about, and that I was not all the way balanced in this area. — Me

How about some Rumi
– Whatever you are seeking, is seeking you.
– Lovers don’t finally meet somewhere. They’re in each other all along.
– If the house of the world is dark, Love will find a way to create windows.
– As you live deeper in the heart, the mirror gets clearer and cleaner.
– Wherever you stand, be the soul of that place.
– Stay in the spiritual fire. Let it cook you.
– Try something different. Surrender.

October 4, 2013

September Snippets

Filed under: Snippets — Jeff Fitzmyers @ 2:42 pm

MARKETS
I do less shorting. Over 90% of my 7 figure trades have come from being long a leading stock breakout. — Dan Zanger

Don’t short valuation. Short obsolescence, debt, and fraud. — Porter Stansberry

Why I’ll Never Worry About What the Government’s Going to Do Next: Shopping trumps politics. — Dan Ferris

OTHER
Love is like sunshine. It brings a golden glow 2 it’s beholder’s face and a warm feeling all over their body. It awakens souls and opens eyes and; when its over, it leaves billions of small memories called stars 2 remind the world, that it still exists.

From the promoters that texting while driving is super bad… Well it turns out less that 2% of all fatal accidents in the US are associated with texting.

Better to remain silent and be thought a fool than to speak out and remove all doubt. — Abraham Lincoln

The truth will set you free, but at first, you will hate it. — Dr. Steven Greer

The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark. — Michelangelo

Blessed are the cracked, for they let in light. — Groucho Marx

When you want to be an artist or entrepreneur everything conspires to keep you from that because its ultimately scary. Putting yourself out there to be judged. — Ep. 152: Dan Andrews Interview with Michael Covel on Trend Following Radio

What can I do for you so that you will pay me $1,000? — ibid

The single most important motivator is making progress in meaningful work. — Teresa Amabile

August 18, 2013

August Quotes and Snippets: Quotation is a serviceable substitute for wit. — Oscar Wilde

Filed under: Snippets — Jeff Fitzmyers @ 5:25 pm

If the grass looks greener on the other side of the fence, it may be that they take batter care of it there . — Cecil Selig

Even moderation should not be taken to excess. — me

People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within. — Elisabeth Kübler-Ross

What is the only section of a grocery store a person can get stuck in for 10 years and thrive? The veggie section.

Be curious. Read widely. Try new things. What people call intelligence just boils down to curiosity. — Aaron Swartz

And we know that’s a measurement error because it’s messing up my data. — Shawn Achor: The happy secret to better work

Keep me away from wisdom which does not cry, philosophy which does not laugh, and greatness which does not bow before children. — Ghibran.

The skill of writing is to create context in which other people can think. — Edwin Schlossberg — Tim O’Reilly Some Lessons For Startups

For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled. — Richard Feynman

The maximum power principle can be stated: During self organization, system designs develop and prevail that maximize power intake, energy transformation, and those uses that reinforce production and efficiency. — H.T.Odum 1995

~ It has been pointed out by Boltzmann that the fundamental object of contention in the life-struggle, in the evolution of the organic world, is available energy. In accord with this observation is the principle that, in the struggle for existence, the advantage must go to those organisms whose energy-capturing devices are most efficient in directing available energy into channels favorable to the preservation [then thriving] of the species. — A.J.Lotka 1922

Quit the world. Quit the next world. Quit quitting. — Ram Dass

There are 10 kinds of people. Those that understand binary and those that don’t. — ?

An idea is something you have; an ideology is something that has you. — ?

Authority gone to one’s head is the greatest enemy of truth. — Albert Einstein

Good propaganda fools the people who see it. Great propaganda fools the people who make it. — Dan Neil

It’s not what you say, it’s what they hear. — Red Auerbach’s famous remark about basketball coaches talking to their basketball players

There’s nothing more practical than a good theory. — Kurt Lewin, considered to be the founder of social psychology.

The best criticism of the bad is the practice of the better. — Francis of Assisi

It’s hard to be militant in defense of moderation. — Garrison Keillor

An error is the more dangerous in proportion to the degree of truth which it contains. — Henri Frederic Amiel

When we feel good, we are allowing good. When we don’t feel good, we are not allowing good. — Abraham

June 2, 2013

Quotes and snippets for May 2013

Filed under: Snippets — Jeff Fitzmyers @ 10:00 am

Trading Quotes

“One of the advantages of trading the way I do — being a long-term investor, short-term trader, individual stock selector, market timer, sector analyst — is that I have made so many decisions and mistakes that it has made me wise beyond my years as an investor.” — Michael Steinhardt

“…at the end of the day, the most important thing is how good you are at risk control. Ninety percent of any great trader is going to be the risk control.” — Paul Tudor Jones

[Silver] Again, with the exception of the top that occurred with the failure and liquidation of MFG in early November of 2011, the most consistent indicator of tops and bottoms is The Cartel net short ratio. Anywhere near 1.5:1 is a clear buy signal and anything near 2.3:1 is a sell signal.Turd Ferguson’s Strange Days Indeed

“After the game, the King and the pawn go into the same box.” — Italian proverb

“Anyone who has been involved in the markets knows that you can never be absolutely confident. There is never a trade that you know you are right on. If you approach trading that way, then you will always be looking at where you mght be wrong. You don’t have a false confidence. You value what you don’t know.” — Ray Dalio

“The market is not an accommodating machine. It won’t provide high returns just because you need them.” — Peter Bernstein

Sun Tzu said if you sit by the river long enough, you’ll see the bodies of your enemies float by. The key is “long enough.” If you live long enough, you have to be the survivor… if you look at distressed debt where we started in 1988, I could tell you who our number one competitor was in every year through 1995 and not one is a main competitor today. And it’s not because of what we did; all we did is perform consistently. They crapped out. It sounds simplistic to say, but the first requirement for success is survival…” — Howard Marks

“When the crisis came, the serious limitations of existing economic and financial models immediately became apparent.” — Trichet (ECB governor, 2010) [Debt is unstable. Why do people think that conditions which require a bank to call in a loan would not also be affecting holders of loans?] “Indeed, while in good times the network is seemingly robust, in bad times firms go into distress simultaneously.” [Too much leverage (debt).] — The Network of Global Corporate Control

Other quotes
“The greatest pleasure in life is doing what people say you cannot do.” — Walter Bagehot

Old branding: Title, job description, responsibilities.
New branding: Expertise, describe best days, how value was monitized.

“The wound is the place where the Light enters you.” — Rumi

“Only those who will risk going too far can possibly find out how far one can go.” — T S Elliot

“You’ve never been lost until you’ve been lost at Mach 3.” — Paul F. Crickmore…SR-71test pilot

Habits:

  • Help at least 1 person per day.
  • When you feel like giving up, ask yourself, “Can I give more?”
  • Respect everyone.
  • Accept exactly where you are, wherever you are.
  • Seek lots of new life experiences.
  • Maintain a diehard knowing of the light in yourself.
  • Walk your own path.
  • Find an opportunity in every outcome, positive or negative.
  • Need less.

“Feedback can be really annoying. — Aftershock

What I find valuable for thriving:
1° Truth – 4 is 4; the story I experience is the story I experience.
2° Abstractions of the truth – until I can countenance a truth, I soften it by abstracting it one level.

What I find valuable for surviving:
3° Beliefs – sometimes action must be made, right now, in a realm I lack truth in, or I get really hurt, and or die. An action/memory/story/etc. that worked in the past is better than none.
4° Lying, stealing, etc. – when life is immediately threatened.

Musings…
Egos use “fair” to justify what they think they need to survive. From a distant perspective, the equation of life is always balanced, summed in the idea of karma: what goes around, comes around. When only part of the equation is known, it seems unbalanced: “not fair”. Youngsters typically go through a stage of, “Its not fair!”, partly because they are attached to something, yet don’t know the whole story. Elders might see the bigger picture because they have experienced a few cycles of history.

Wealth, in the greater sense, not just “money”, is a manifestation of the degree we allow our real self to express. “Money” is a way of keeping track of the value of tangible decisions. Degree of “fulfillment” is a way of keeping track of the value of intangible decisions.

January 20, 2013

Quotes and snippets for January 2013

Filed under: Snippets — Jeff Fitzmyers @ 1:44 pm

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” — Jimmy Dean

“Leading a [shallow]happy life… is associated with being a “taker” while leading a meaningful life [true happiness] corresponds with being a “giver.”” — There’s More to Life Than Being Happy [Offering something first is also the first step in the only scientifically proven cooperation system, tit-for-tat.]

“I offer my opponents a bargain: if they will stop telling lies about us, I will stop telling the truth about them.” — Adlai Stevenson, 1952 campaign speech

“SUCCESS model: they are Simple, Unusual, Concrete, Credible, Emotional, Stories.” — Made to Stick by Chip and Dan Heath

“Tell your heart that the fear of suffering is worse than the suffering itself. And that no heart has ever suffered when it goes in search of its dreams, because every second of the search is a second’s encounter with God and with eternity.” — Paulo Coehlo

“We don’t love to be loved; we love to love.” — Leo Buscaglia

“Love is being stupid together.” — Paul Valery

“For small creatures such as we the vastness is bearable only through love.” — Carl Sagan

“I was about half in love with her by the time we sat down. That’s the thing about girls. Every time they do something pretty… you fall half in love with them, and then you never know where the hell you are.” — J. D. Salinger

“Time is too slow for those who wait, too swift for those who fear, too long for those who grieve, too short for those who rejoice, but for those who love, time is eternity.” — Henry Van Dyke

“It is paradoxical that many educators and parents still differentiate between a time for learning and a time for play without seeing the vital connection between them.” — Leo Buscaglia

“What we call the secret of happiness is no more a secret than our willingness to choose life.” — ?

“Affection is responsible for nine-tenths of whatever solid and durable happiness there is in our lives.” — C. S. Lewis

“Being deeply loved by someone gives you strength, while loving someone deeply gives you courage.” — Lao Tzu

“A loving heart is the beginning of all knowledge. — Thomas Carlyle

“Absence diminishes mediocre passions and increases great ones, as the wind extinguishes candles and fans fires.” — Francois de La Rochefoucauld

“Come live in my heart, and pay no rent.” — Samuel Lover

“To the world you may be one person, but to one person you may be the world.”

“Since love grows within you, so beauty grows. For love is the beauty of the soul.” — Saint Augustine

“We are People who need to love, because Love is the soul’s life, Love is simply creation’s greatest joy.” — Hafiz of Persia

“Education should be the process of helping everyone to discover his uniqueness.” — Leo Buscaglia

“I don’t believe people are looking for the meaning of life as much as they are looking for the experience of being alive.” –Joseph Campbell

“There is always free cheese in a mousetrap.” — H. R. Gross

“Nothing is particularly hard if you divide it into small jobs.” — Henry Ford

“If voting changed anything, it would be illegal.” — George Carlin

“When I hear a person talking about political solutions, I know I am not listening to a serious person.” — George Carlin

“Don’t help your patients. Frustrate them. Push them back to their impasse where they have nowhere to turn. Make them push right through their impasse.” — Fritz Perls

“…nobody can stand truth if it is told to him. Truth can be tolerated only if you discover it yourself because then, the pride of discovery makes the truth palatable.” — Fritz Perls

“Our dependency makes slaves out of us, especially if this dependency is a dependency of our self-esteem. If you need encouragement, praise, pats on the back from everybody, then you make everybody your judge.” — Fritz Perls

“Unkindness almost always stands for the displeasure that one has in oneself.” — Adrienne Monnier

“It’s not how much you know, but the truth and quality of what you know.” — Trader Vic (Victor Sperandeo)

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants, it is the creed of slaves.” — Willian Pitt 1783

“The more I unbelieve, the happier I am.” — me

“There is no left or right…only individualism or collectivism.” — G. Edward Griffin

September 14, 2012

Snippets and quotes for September

Filed under: Snippets — Jeff Fitzmyers @ 11:47 am

Talent hits a target no one else can hit; Genius hits a target no one else can see. — Arthur Schopenhauer

… antifragility … is what benefits from the following phenomena (within some parameters): volatility, stress, uncertainty, error, chaos, variation, time–because time is volatility and things like that…

…via negativa is–I’ve got a little more aggressive with via negativa by showing that removing does not have … long term side effects… Whereas in a complex system, every time you add something you have side effects. And you can’t predict what they are, by nature of complex systems…

And nature doesn’t like debt. Nature likes redundancies. This mechanism of overreaction is redundancy. — Nassim Taleb (January 2012).

You can deny reality; but, you cannot deny the consequences of denying reality. — Ayn Rand

Sugar is the canary in the commodity sector coal mine. It’s a purer measure of price inflation or deflation. Sugar crops aren’t as vulnerable to weather disruptions such as droughts or floods. So the supply versus demand equation is more stable than that of most other food commodities. — Jeff Clark

– Luck is more important than skill.
– Risk is the most when you feel the safest.
– Look for evidence that proves your ideas wrong.
– There are no experts of things that move.
– Too much information becomes toxic.
– The wise plead ignorance to world events.
– We cannot compare current reality with an alternative.
– Our highest currency is respect.
– “Randomness” is unknowledge.
– Be prepared for multiple contingencies.
– “I don’t know,” is a sign of intelligence.
– We are swayed by the sensational.
– Seize every opportunity, for they are rare.
– Go to parties — chitchat leads to breakthroughs. — Notes from Dan Wallace about Nassim Taleb’s “The Black Swan”

Overconfidence can lead to the illusion of superiority, the illusion of optimism, and the illusion of control. Increase accuracy by identifying reference points, assessing the distribution of outcomes, selecting a probable outcome, asssing the reliability of the selected outcome, and fine tuning.

…the accuracy of forecasts in systems with phase transitions is dismal, even by so-called experts.
Michael J. Mauboussin

Be a witness, not a judge. Listen to your heart, not opinions. Focus on joy. — internet

Out beyond ideas of right-doing and wrong-doing, there is a field. I’ll meet you there. — Rumi

Humans have an inherent tendency to infer other people’s intentions from their actions. — Blakemore

Blowups and explosive errors happen the most in fields where there is a penalty for simplicity. — Nassim Nicholas Taleb

Paraphrased slightly by Farnam Street, Clay Christensen said: “Questions are places in your mind where answers fit. If you haven’t asked the question, the answer has nowhere to go. It hits your mind and bounces right off. You have to ask the question – you have to want to know – in order to open up the space for the answer to fit.”

We are not retreating – we are advancing in another direction. — General Douglas MacArthur

November 1, 2011

October snippets and quotes

Filed under: Snippets — Tags: , — Jeff Fitzmyers @ 5:41 pm

…no matter who you vote for, the government always gets elected. — Butler Shaffer

Money is gold … and nothing else. — J.P. Morgan

Gold is the money of kings,
Silver is the money of gentlemen,
Barter is the money of peasants, and
Debt is the money of slaves. ~~ Norm Franz

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. — Vladimir Lenin

This is an interesting observation about out of season gold moves (like we experienced this summer). It is from Reg Ogden’s “The Ultimate Gold Stock Trader” (2005). (Out of print; wish he would bring it back since my copy is worn out). “An out of season move in told during the summer months is usually a sign of an impending bull market even when it retraces these gains in the fall. There have been three serious gold upswings in 25 years in the summer months. Each time, gold retraced most of the gains through September, then began a bull phase through the following spring. When gold made an upward move in the summers of 1973, 1979, and 1982, the run lasted.” — Jasper Puddlemaker

All truths are easy to understand once they are discovered; the point is to discover them. — Galileo

A happy life is just a string of happy moments. But most people don’t allow the happy moment, because they’re so busy trying to get a happy life. — Abraham

The true measure of an individual is how they treat others who can do them absolutely no good. ~~ Ann Landers

The only people with whom you should try to get even with are those who have helped you. — John Southard

Worrying is like a rocking chair, it gives you something to do, and gets you nowhere. Glenn Turner

September 13, 2011

August quotes and snippets

Filed under: Snippets — Jeff Fitzmyers @ 2:12 pm

Remember that government regulation is just another distortion in the marketplace, like taxes, trade barriers, inflation, and so forth. All such distortions have consequences, and one of them is to create opportunities for speculators. — Doug Casey

Freeport for me is basically the tell of all tells. Where it goes the whole complex goes. — Xiphos Trading

Rising equity prices often form at least a temporary top within a day or two of new moons. — Raymond Merriman

Technically speaking, little consolidation patterns (e.g. flags) right above and right below LT weekly support & resistance has good payout. — Ziphos Trading

I never held on to my gains until I learned to unload and scale back positions when they sold off on high volume with poor bar action. $$ — Dan Zanger

Mastery lends itself toward simplicity. — Bruce Lee

… the most important primary ‘how-to’ skill, is how to process information with Pareto’s Law… We must learn how to actively seek out the smallest changes that produce the largest results… — David H

E=MC2 really means that Energy = number of people and the square of people’s consciousness. — Dr Masaru Emoto

Grover Rocket stove Cook meals with 5-10% of wood in 1/3 the time. Very cool. (not affiliated)

Just because something is inevitable doesn’t make it imminent… The nasty things that you think are coming always take longer to arrive than you think they will, but once they get here, they make up for their tardiness by being worse than you thought they’d be. — Doug Casey

Most traders make the mistake of trying to be active every day. Use your time to wait for the best few stocks to enter. Be very selective.$$ — Dan Zanger

Where the law is subject to some other authority and has none of its own, the collapse of the state, in my view, is not far off. — Plato

Take no thought of who is right or wrong or who is better than. Be not for or against. — Brcue Lee

To hell with circumstances; I create opportunities. — Bruce Lee

Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. — Mark Twain

Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did so. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. — Mark Twain

None are more hopelessly enslaved than those who falsely believe they are free. — Johann Wolfgang von Goethe

A government is an organization that has control over a given piece of territory, and to control it you’ve got to have infantry standing on the ground. The phrase “boots on the ground” is a very good one for that… The one thing I can tell you for sure is that if you want to keep track of what’s really going on in the world, you have to watch the aircraft carriers. The U.S. has 10 aircraft carriers – the big super-carriers – and they are always an indication of what Washington is really serious about. — Richard Maybury

Reality is that which, when you stop believing in it, doesn’t go away — Philip K. Dick.

Truth has a way of reaching the soul of the seeker, even though the outer garments may temporarily distract the gaze. — Joseph Whitfield

Inspiration is everywhere. If you are ready to appreciate it, an ant can be one of the wonders of the universe. — unk

As soon as you trust yourself, you will know how to live life. — Johann Wolfgang Von Goethe

It’s kind of fun to do the impossible. — Walt Disney

Truth exists; only falsehood has to be invented. — Georges Braque

A theory is more impressive the greater the simplicity of its premises, the more different the kind of things it relates and the more extended its range of applicability. — Albert Einstein

Money won’t create success, the freedom to make it will. — Nelson Mandela

The desire of gold is not for gold. It is for the means of freedom and benefit. — Ralph Waldo Emerson

A government which imposes price controls is in the process of destroying the economic system of its own country. — Reisman

May 8, 2011

Snippets and quotes from April 2011

Filed under: Snippets — Jeff Fitzmyers @ 9:50 am

Markets
You better be detached and stay focused or you are going to get cleaned out! Trading success requires this. — Dan Zanger

Bears see double top on $SPY daily, Bulls see inverse h&s, Traders see both. — @Skibbs

Gold is independent, not the hedge against inflation, but the hedge against government itself. — Matin Armstrong

If you look at history, you’ll find there are two carved-in-granite long-term trends that never seem to change. The first is war. The second is currency debasement. So what I do is suggest investments that will benefit from these two major trends. — An Interview With Richard Maybury

Other
Life is uncertain. Eat dessert first. — Ernestine Ulmer

There is always free cheese in a mousetrap.- H. R. Gross (1899-1987)

Produce great persons; the rest follows. — Walt Whitman

The pleasure of creativity is the greatest pleasure in the world – Sammy Kahn

My formula for success? Rise early, work late, strike oil. — John Paul Getty

Until the lion has his own historian, the hunter will always be a hero. – African proverb

Keep me away from the wisdom which does not cry, the philosophy which does not laugh and the greatness which does not bow before children. — Khalil Gibran

Emotional abuse is underneath all other types of abuse. The most damaging aspect, is the trauma to our hearts and souls from being betrayed by the people that we love and trust. — Robert Burney

April 2, 2011

Snippets and quotes from March 2011

Filed under: Snippets — Jeff Fitzmyers @ 7:40 pm

Mastery lends itself toward simplicity. — Bruce Lee

… the most important primary ‘how-to’ skill, is how to process information with Pareto’s Law… We must learn how to actively seek out the smallest changes that produce the largest results… — David H

E=MC2 really means that Energy = number of people and the square of people’s consciousness. — Dr Masaru Emoto

All is well. It’s all good. Love is here. Peace is ours. I am fine. This alone is real. All is divine. Celebrate everything. — Dr Will Joel Friedman

What is not possible is not to choose. — Jean-Paul Sartre

Of all the wild, crackpot and idiotic schemes, this is the most foolish. — British Postmaster General Lord Lichfield, shown a new idea called a ‘ stamp ‘ by Rowland Hill circa 1839.

I think that there may be a world market for possibly five computers. — Thomas Watson, Chief IBM executive, 1958

Radio, pah! it has no future. — Lord Kelvin in 1904.

“So we decided to go to Atari and said, ‘Hey, we’ve got this amazing thing!, even built it with some of your parts, what do you think about funding us? Or we’ll give it to you. We just want to do it. Pay our salary, we’ll come work for you.’ And they said, ” No.”, So we then went to Hewlett-Packard, and they said, “Hey, we don’t need you. You haven’t even got through college yet.”– Steve Jobs on attempts to get Atari and H-P interested in his and Steve Wozniak’s Personal Computer.

I do not believe that there will be a woman Prime Minister in my time. — Education Minister Margaret Thatcher, 1973, who became Prime Minister in 1979.

No flying machine will ever fly from New York to Paris. — Orville Wright, shortly after he and his brother Wilbur accomplished the first manpowered flight.

This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us. — Western Union internal memo, 1876.

The concept is interesting and well-formed, but in order to earn a grade better than ‘C-‘, the idea must be feasible. — A Yale University Management Professor in response to Frederick Smith’s proposal for a reliable overnight delivery service. (Smith Successfully went on to found the Federal Express Corp.)

Everything that can be invented has been invented. — Charles H. Duell, Commissioner, U.S. Office of Patents, making an adamant statement, 1899.

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