http://www.zerohedge.com/news/guest-post-heresy-and-us-dollar
Traders understand that risk cannot be massaged away, and that capital put into any market at any time is always at risk.
Every investment is a trade, and every trade is a speculation.
Thus there is no “investment,” there is only speculation, and the slightly sweaty, unpleasant proximity of speculation to risk is not masked with the heavy perfumes of PR, it is embraced as the one true lodestone. Traders understand that suppressing risk simply guarantees a greater eruption of volatility in the future.
Traders understand that risk cannot be massaged away, and that capital put into any market at any time is always at risk.
Every investment is a trade, and every trade is a speculation.
Thus there is no “investment,” there is only speculation, and the slightly sweaty, unpleasant proximity of speculation to risk is not masked with the heavy perfumes of PR, it is embraced as the one true lodestone. Traders understand that suppressing risk simply guarantees a greater eruption of volatility in the future.
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