Brent Donnelly is president of Spectra Markets and is a veteran FX trader and market maker. His late
Hagakure: The Secret Wisdom of the Samurai
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This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results. Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.
Great stuff from Brent , I have been working quite a bit on my golf game this summer and it is the way for the golfer as well.
I read:
not long ago— very similar axioms – truth is truth :).
Thanks Brent,
My favorite, as I’ve experienced both sides of this:
“People have changed in the past 30 years. When young samurai congregate, they engage in vapid talk of money, about profit and loss, their household fiscal problems, taste in fashion, and idle talk of sex. I hear that they see no reason to assemble other than to indulge in such topics of conversation. Warrior customs are deteriorating beyond repair. In the old days, samurai, even in their twenties and thirties, did not harbor such contemptible thoughts and never talked about such things. Even if an older man let slip and objectionable comment, he was quick to lament his mistake.”
Jim
Brent - this is awesome.
I’ve kept this, some Musashi, and a few others handy ever since I started in finance for a good reason too.
and - talk about some ET sentiments:
Thanks Brent for a great Sunday afternoon read. I find a remarkable parallel with the Hagakure’s take on the way to wisdom and the the message on attaining wisdom expressed in the Book of Proverbs in the Bible. Humility and listening rather than speaking loudly are common attributes of each “way”. That the power of words can be either positive or negative in impact with far reaching implications sounds a lot like a narrative to me.
This is so apt to Brazilian Jiu Jitsu as well - I think many of us have our thing that relates to this - which makes it all the more powerful