Ace of Clubs

The quest has begun...

Ultimate Wisdom

In ancient China times, there was this one emperor whom decided to embark upon a journey to discover the ultimate wisdom in the world. He summoned all his advisers and told them their mission - to find the ultimate wisdom in the world.
His advisers immediately scrambled to find the ultimate wisdom as ordered.
A year later, the advisers compiled the "wisdoms" which they find very true during their era of time. The emperor was submitted with their findings. The emperor, being a light headed fellow with no patience of reading what was the sweat and hardwork of his advisers summoned his advisers again.
"Its too thick to read for my royal eyes. Summarize them" He ordered.
As it was the decree of His Royal Highness, his advisers once again scrambled to carried it out.
One month later, they summarized into a single page and was pretty satisfied with their work.
Yet, again, the Emperor was not satisfied. That Royal (feather-brained) Emperor decreed, "Summarize them yet again."
His advisers were aghast with the decree. How can that be possible!? How on earth!?
What an idiot, we have as an emperor!?
"But he IS the Emperor!!!"
And during the era, capital punishment of the whole clan was common.
Fearing such dreaded punishment, the advisers have no choice.
Yet, they have no idea or any clue how to carry out their latest decree.
They decided to have lunch in a nearby restaurant.
Then it struck them.
"There is NO free lunch in this world"
Hence it was presented to the Emperor and became the undisputed ULTIMATE wisdom in this world.


And when it comes to Trading? What is the ultimate wisdom?
If one were to be asked, what is the single most important thing in trading, how would he answer?
After a long thought, with inspiration from Dark Mocha and Issac Newton, I think it has something to do with apples and lemons.


Yes, apples and lemons. When the market offers apples, take it. When it offers lemons, take it. No sense wanting apples when it is offering lemons and vice versa. It is really, something beyond our control. Unlike in the fields of business or management, there isn't much to do save for recognising what it is offering. Apples and lemons, anyone?

Saving Private Ryan