All Of A Sudden The Market Is

Some Coaches Believed They Could Judge A Player's Performance Simply By Watching It. In This They Were Deeply Mistaken. The Naked Eye Was An Inadequate Tool For Learning What You Needed To Know To Evaluate Baseball Players And Baseball Games. Think About It. One Absolutely Cannot Tell, By Watching, The Difference Between A .300 Hitter And A .275 Hitter. The Difference Is One Hit Every Two Weeks. The Difference Between A Good Hitter And An Average Hitter Is Simply Not Visible-it Is A Matter Of Record

The Incentive For The Outsider Is To Attack The System Right Up To The Moment He Is Co-opted By It. The Incentive For The Insider -and This Took Some Getting Used To- Is To Allow Yourself To Be Attacked, And Then Co-opt Your Most Ferocious Attackers, And Their Best Ideas. The Effect On The System As A Whole Is To Make It More Stable, Because Everyone Winds Up Working On Its Behalf.

When The Last History Of High-frequency Trading Is Written, Hunsader, Like Joe Saluzzi And Sal Arnuk Of Themis Trading, Deserves A Prominent Place In It.

The Red Sox Are The Local Scapegoats. It's Hard Enough To Play Baseball Without Being The Local Scapegoat Too.

Above All, Recognize That If You Have Had Success, You Have Also Had Luck — And With Luck Comes Obligation. You Owe A Debt, And Not Just To Your Gods. You Owe A Debt To The Unlucky.