Showing posts with label intuition. Show all posts
Showing posts with label intuition. Show all posts

Nov 1, 2020

Ronald Stöferle et al. on intuition and investing

No amount of studies can make up for a lack of intution, including the study of the Austrian School. An artisan may gain a deeper understanding of his own work, gain self-confidence, and perhaps occasionally a good idea by the study of the history of art, but it can never replace talent and craftsmanship. Books as a medium stand in the great occidental tradition of theoria, but practical books about economic topics are as a rule of little value.

This is so because economy means change.  Entrepreneurial success means doing something different than has been done hitherto.  It is similar with investment success: it requires seeing things others do not see.  This ability to see is primarily a talent, secondly down to practice, and only thirdly accessible to rational conception.  Many banks prefer not to hire academics for their trading operations, as they think too much and do not have enough intuition.

~ Rahim Taghnizadegan, Ronald Stöferle, Mark Valek and Heinz Blasnik, Austrian School for Investors (2015), p. 71



Nov 2, 2010

Steve Jobs on "how to live before you die"

Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma, which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important: Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. 

~ Steve Jobs, Commencement speech given at Stanford University, "How to Live Before You Die," June, 2005