Chapter 4The Structure of the Markets
“There is no logical way to the discovery of these elemental laws. There is only the way of intuition, which is helped by a feeling for the orderlying behind the appearance.”
I often find that I learn something about one domain when I’m least expecting it. Sometimes it happens when I’m working on something altogether different, such as playing chess.
One of the clearest memories I have of the Turtle days, especially the first year when I spent every trading day in a room with the other 11 Turtles, was my surprise at being around so many smart people with such varied backgrounds. Each of us had one or two areas in which we really excelled.
One Turtle, Mike Cavallo, was a very good chess player. ...