The Marcus Axioms
You may have heard of the Zürich Axioms (you can get it on Kindle). There are 12 major and 16 minor “Zurich Axioms”, guidelines that were developed by Swiss bankers setting out some ground rules for trading any market. Max Gunther's Dad was a Swiss Banker.
One of the basic principles is that you have to take risk to make money the conclusion being that making money is therefore about who can manage risk. Another axiom is that not everyone can make money so making money is a battle with everyone else. The Zürich Axioms are your guide to winning this battle and here are a few of them, the potted version:
- If you are not worried you are not taking enough risk.
- Worry is a...Continue Reading