Chapter 6. Human Behavior
“For me, intuition comes from experience. After years of experience, a person will have, if they have been paying attention and revising their thinking and behavior, intuitions about their area of experience.”
“[W]e are not really interested in people who are experts at the French stock market or German bond markets [due to the technical nature of the trading] . . . it does not take a huge monster infrastructure: [neither] Harvard MBAs [nor] people from Goldman Sachs . . . I would hate it if the success of Chesapeake was based on my being some great genius. It’s the system that wins. Fundamental economics are nice but useless in trading. True fundamentals are always unknown. Our system allows for ...