The Zurich Axioms

[harryg]

-
Ok so I'll kick off with this book by Max Gunther.

I bought this in Hatchards Piccadilly in about 1990 after a recommendation in a UK finance magazine.

Many would describe it as a beginner's book, but it’s one I find myself coming back to time and time again.
Perhaps I am a perpetual beginner.

This book is about risk.

In the preamble, it says: “This book is about betting to win. Perhaps that makes it sound like a book for everybody. It is not. Everybody wants to win, of course. But not everybody wants to bet, and therein lies a great difference of the greatest magnitude.”

That spoke to me, because I believe that in order to participate and ‘win’ in the markets, one has to embrace risk.

Lots of people I have met seem to think that the avoidance of risk is a worthwhile goal, and I’m not just talking about investment, but life itself. Woohoo. Friday Harry is deep, man.

The Zurich Axioms state that risk is not to be avoided, but to be managed.

The Axioms themselves suggest a philosophy of sorts, not a specific trading plan. They are peppered with anecdotes which illustrate the points made.

As an example, let’s take The First Axioms, which, in my view, are of considerable use without the rest. I have put my own take in small writing underneath, because non-annotated pontification can be irritating.

The First Major Axiom:
ON RISK
Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.
It is part of our education that risk-taking should be avoided. Safety is supposed to be paramount. The Axiom suggests that in order to make money, this attitude should be examined.

Minor Axiom I
Always play for meaningful stakes
Taking a small amount of risk with safe money will get you nowhere. Doubling £100 is nice, but...

Minor Axiom II
Resist the allure of diversification.
Having position sizes of 0.25% is OK for funds - their remit is not to lose too much compared with the benchmark. If you want to make a lot, you have to go for it.

Much of the success that I have had in the markets over 30 years has its foundation, in general terms, on these first axioms.

The other chapters talk about Greed, Hope, Optimism, Consensus and so on. For example:

The Tenth Major Axiom
ON CONSENSUS
Disregard the majority opinion as it is probably wrong



Enjoy...

[SOL]

Sounds like a great book. There is a time to take insane amounts of risk and I will write about this strategy if anyone is interested. It's called the cannonball strategy, but you need to know when to implement it. The best time is when a super-strong stock is trading in the extreme to insanely oversold ranges and the other time is towards the tail end of the move (though this is risker and should only be attempted with profits if you took part in the first stage.

Your birth was the beginning of a risky adventure. We are surrounded by risk, and the idea is to learn how to deal with as opposed to avoiding it.

[AstuteShift]

Sounds like a great book. There is a time to take insane amounts of risk and I will write about this strategy if anyone is interested. It's called the cannonball strategy, but you need to know when to implement it. The best time is when a super-strong stock is trading in the extreme to insanely oversold ranges and the other time is towards the tail end of the move (though this is risker and should only be attempted with profits if you took part in the first stage.

Your birth was the beginning of a risky adventure. We are surrounded by risk, and the idea is to learn how to deal with as opposed to avoiding it.

Yes, I would love to have this strategy in my tool box

[SOL]

Sounds like a great book. There is a time to take insane amounts of risk and I will write about this strategy if anyone is interested. It's called the cannonball strategy, but you need to know when to implement it. The best time is when a super-strong stock is trading in the extreme to insanely oversold ranges and the other time is towards the tail end of the move (though this is risker and should only be attempted with profits if you took part in the first stage.

Your birth was the beginning of a risky adventure. We are surrounded by risk, and the idea is to learn how to deal with as opposed to avoiding it.

Yes, I would love to have this strategy in my tool box

I will post an abridged version here when time permits and a more in-depth one in the suggested readings material section of our site.

On a different note, it appears that from a stock perspective, not an index perspective we are close to a MOAB, which means the 4th quarter is likely to produce one. Notice how every top stock is getting hammered. This is clear proof that the trading landscape has changed forever

[Yodean]

Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.[/b]

There's this guy with whom I occasionally discuss trading tactics.

On the subject of BTC, he tells me: "If you wake up in the middle of the night a few nights per week wondering what BTC's price is doing, then you're holding too much BTC. However, if you don't worry a little bit about BTC's price at least once a week, then you're not holding enough."

I don't follow this particular piece of advice, but I thought it was pretty funny.

[bpcw]

Thanks for putting up the first book Yodean.

I think life is about managed risk and fits nicely with trading principles!

[Yodean]

Thanks for putting up the first book Yodean.

I think life is about managed risk and fits nicely with trading principles!

Your UK compatriot harryg put up the 1st book, I believe.

I'll probably do a bit on the HIV/AIDs book Sol mentioned a while back, when I get it from Amazon. For some reason (Big Brother, likely), couldn't find it on Amazon Canada, so had to get it off Amazon U.S.S.A., and it's taking a bit of time arriving.

[Cinnamon]

Thanks for putting up the first book Yodean.

I think life is about managed risk and fits nicely with trading principles!

Your UK compatriot harryg put up the 1st book, I believe.

I'll probably do a bit on the HIV/AIDs book Sol mentioned a while back, when I get it from Amazon. For some reason (Big Brother, likely), couldn't find it on Amazon Canada, so had to get it off Amazon U.S.S.A., and it's taking a bit of time arriving.

I could not find a good sumary or review of this book world without Aids. Normally it is quite easy to find a summary. Some of the sites that sold the books that posted links to reviews of the book are almost all dead. I ordered the book out of curisoty.

However,
i was able to find another book by Steve Ransom that had a summary

Plague, Pestilence, and the Pursuit of Power by Steven Ransom.

Almost every day it seems, we are hearing reports of some 'highly infectious' disease breaking out somewhere across the globe. Flu, tuberculosis and meningitis on the rise! BSE (mad cow), more BSE, swine fever, and foot and mouth…. What on earth is going on? Investigative reporter Steven Ransom, co-author of World Without AIDS, hangs out the dirty laundry of government fear tactics and industry special interests, revealing their links to an ambitious globalisation agenda. This book clearly shows how politics and disease make unsettling but expedient bedfellows, and shows how, through educating ourselves on the facts, we can break free of the fear of politically manufactured epidemics.

Press Release:

A must read for every single free-thinking and freedom-loving person on this planet.

Almost every day we are hearing reports of 'highly infectious' disease breaking out somewhere across the world – flu, tuberculosis, meningitis, BSE, poultry flu, swine fever, more BSE and now foot and mouth. One could be forgiven for thinking that we are quite literally surrounded by virulent illness.

But not everything is as it seems – not by a long way. You are about to discover the brazen world of the politically manufactured epidemic - the 'psycho-plague'.

Quite shockingly, the majority of 'epidemics' portrayed as 'needing swift state intervention' are nothing more than callous business ploys designed to boost pharmaceutical industries' revenue through our deep-seated fear of disease. Their coffers swell exponentially as we obligingly line up to receive the necessary 'cure'. With regard to the incessant number of livestock 'illnesses' weare witnessing, this is a particularly deceptive Trojan Horse. The UK government is one of many leaderships covertly supporting the intentional cull of livestock to conform to the EU's agricultural 'plan' for their interdependent new world. Small holder livestock farming in particular, is to be broken - by any means necessary. This is the true intention behind the current slaughter, despite the compassionate political rhetoric otherwise. At all levels we are being taught what to think …. but not how. And we are being dangerously misled. This book not only reveals the deception, but also the true nature of the beast - the much-heralded European Superstate.

Our battle is not so much against pathological disease, as against the corrupt desires of greedy man. This book contains all the supporting evidence necessary to make this case. You are invited to consider the evidence for yourself.

This book is dedicated to everybody, everywhere who is being affected by the foot and mouth crisis. But the dedication goes further - this book is relevant to a far wider audience than those who reside in the United Kingdom. The nature of what is being uncovered here makes this book relevant to every single free-thinking and freedom-loving person on this planet.

https://mapcruzin.com/rev_plague_pest.htm

[Yodean]

Quite shockingly, the majority of 'epidemics' portrayed as 'needing swift state intervention' are nothing more than callous business ploys designed to boost pharmaceutical industries' revenue through our deep-seated fear of disease. Their coffers swell exponentially as we obligingly line up to receive the necessary 'cure'. With regard to the incessant number of livestock 'illnesses' weare witnessing, this is a particularly deceptive Trojan Horse. The UK government is one of many leaderships covertly supporting the intentional cull of livestock to conform to the EU's agricultural 'plan' for their interdependent new world. Small holder livestock farming in particular, is to be broken - by any means necessary. This is the true intention behind the current slaughter, despite the compassionate political rhetoric otherwise. At all levels we are being taught what to think …. but not how. And we are being dangerously misled. This book not only reveals the deception, but also the true nature of the beast - the much-heralded European Superstate.

Good stuff. Unfortunately, this trend looks set to continue.

[Budge]

Thanks for putting up the first book Yodean.

I think life is about managed risk and fits nicely with trading principles!

Your UK compatriot harryg put up the 1st book, I believe.

I'll probably do a bit on the HIV/AIDs book Sol mentioned a while back, when I get it from Amazon. For some reason (Big Brother, likely), couldn't find it on Amazon Canada, so had to get it off Amazon U.S.S.A., and it's taking a bit of time arriving.

I could not find a good sumary or review of this book world without Aids. Normally it is quite easy to find a summary. Some of the sites that sold the books that posted links to reviews of the book are almost all dead. I ordered the book out of curisoty.

However,
i was able to find another book by Steve Ransom that had a summary

Plague, Pestilence, and the Pursuit of Power by Steven Ransom.

Almost every day it seems, we are hearing reports of some 'highly infectious' disease breaking out somewhere across the globe. Flu, tuberculosis and meningitis on the rise! BSE (mad cow), more BSE, swine fever, and foot and mouth…. What on earth is going on? Investigative reporter Steven Ransom, co-author of World Without AIDS, hangs out the dirty laundry of government fear tactics and industry special interests, revealing their links to an ambitious globalisation agenda. This book clearly shows how politics and disease make unsettling but expedient bedfellows, and shows how, through educating ourselves on the facts, we can break free of the fear of politically manufactured epidemics.

Press Release:

A must read for every single free-thinking and freedom-loving person on this planet.

Almost every day we are hearing reports of 'highly infectious' disease breaking out somewhere across the world – flu, tuberculosis, meningitis, BSE, poultry flu, swine fever, more BSE and now foot and mouth. One could be forgiven for thinking that we are quite literally surrounded by virulent illness.

But not everything is as it seems – not by a long way. You are about to discover the brazen world of the politically manufactured epidemic - the 'psycho-plague'.

Quite shockingly, the majority of 'epidemics' portrayed as 'needing swift state intervention' are nothing more than callous business ploys designed to boost pharmaceutical industries' revenue through our deep-seated fear of disease. Their coffers swell exponentially as we obligingly line up to receive the necessary 'cure'. With regard to the incessant number of livestock 'illnesses' weare witnessing, this is a particularly deceptive Trojan Horse. The UK government is one of many leaderships covertly supporting the intentional cull of livestock to conform to the EU's agricultural 'plan' for their interdependent new world. Small holder livestock farming in particular, is to be broken - by any means necessary. This is the true intention behind the current slaughter, despite the compassionate political rhetoric otherwise. At all levels we are being taught what to think …. but not how. And we are being dangerously misled. This book not only reveals the deception, but also the true nature of the beast - the much-heralded European Superstate.

Our battle is not so much against pathological disease, as against the corrupt desires of greedy man. This book contains all the supporting evidence necessary to make this case. You are invited to consider the evidence for yourself.

This book is dedicated to everybody, everywhere who is being affected by the foot and mouth crisis. But the dedication goes further - this book is relevant to a far wider audience than those who reside in the United Kingdom. The nature of what is being uncovered here makes this book relevant to every single free-thinking and freedom-loving person on this planet.

https://mapcruzin.com/rev_plague_pest.htm

If I'm looking for a book, I go to BookFinder.com:

https://www.bookfinder.com/?

Re World without Aids, found these comments on the book:

"AIDS is not caused by HIV. AIDS related symptoms are usually caused by unhealthy lifestyle, poor food, toxins, lack of sleep etc. Phillip Day is a hero among others for exposing the bad science and corporate agenda that propagated this myth. It may seem unbelievable to many, but we've been lied to many many times before in both health and other aspects of life resulting in the death and suffering of millions. Why? Control and profit. The few want to and do control the many. Read the book. I couldn't put it down."

"Everyone should read this book. World Without Aids is a lone voice against the mob and it is very very persuasive. Day and Ransom make a strong, clear and very convincing argument that HIV does not exist, just as Legionnaires Disease and a host of other "viruses" analysed in the book's last chapter were ultimately proven not to exist. The authors DO NOT claim HIV is a conspiracy, rather they go back to the roots of the AIDS panic in the mid 1980's and explain how hysteria, gay fear and lots of money locked the medical establishment into the belief that a virus must be to blame for AIDS. They point out HIV has never been isolated or photographed. That AIDS tests are vague and liable to misreadings due to a host of factors. That the biggest threat to health an AIDS patient risks are doctors forcing him/her to take AZT (a drug which was shelved inthe 1960's as a poison). The chapter on AIDS in Africa is particularly chilling. (NGO's are now visually diagnosing people as AIDS sufferers).
If you are planning to take an AIDS test, you must read this book before you risk locking yourself into life as "HIV+".
And remember it wasn't so long ago that doctors treated their patients by blood-letting and wrapping their feet in poutices of pigeon dung."

[jlhooter]

Love the book; about 1/3 through it. It is a bit wordy when he comes to examples, but very nice read.
Not to sound cocky, but many of these are obvious since I have been with TI, but it is amazing how much of a big difference there is between knowing things and actually applying them. Definitely, an eye opener.

[SOL]

If I'm looking for a book, I go to BookFinder.com:

https://www.bookfinder.com/?

Re World without Aids, found these comments on the book:

"AIDS is not caused by HIV. AIDS related symptoms are usually caused by unhealthy lifestyle, poor food, toxins, lack of sleep etc. Phillip Day is a hero among others for exposing the bad science and corporate agenda that propagated this myth. It may seem unbelievable to many, but we've been lied to many many times before in both health and other aspects of life resulting in the death and suffering of millions. Why? Control and profit. The few want to and do control the many. Read the book. I couldn't put it down."

"Everyone should read this book. World Without Aids is a lone voice against the mob and it is very very persuasive. Day and Ransom make a strong, clear and very convincing argument that HIV does not exist, just as Legionnaires Disease and a host of other "viruses" analysed in the book's last chapter were ultimately proven not to exist. The authors DO NOT claim HIV is a conspiracy, rather they go back to the roots of the AIDS panic in the mid 1980's and explain how hysteria, gay fear and lots of money locked the medical establishment into the belief that a virus must be to blame for AIDS. They point out HIV has never been isolated or photographed. That AIDS tests are vague and liable to misreadings due to a host of factors. That the biggest threat to health an AIDS patient risks are doctors forcing him/her to take AZT (a drug which was shelved inthe 1960's as a poison). The chapter on AIDS in Africa is particularly chilling. (NGO's are now visually diagnosing people as AIDS sufferers).
If you are planning to take an AIDS test, you must read this book before you risk locking yourself into life as "HIV+".
And remember it wasn't so long ago that doctors treated their patients by blood-letting and wrapping their feet in poutices of pigeon dung."

Read that years ago, I mentioned it here maybe 12 months ago I forget, but it's not for everyone and if you read that book you would have had even more reason not to believe the Crap big pharma was pushing in regards to COVID. However the game never changes, scare at least 80% and you win and so far they succeed in hitting this magic number every single time.

[deepthinker]

If I'm looking for a book, I go to BookFinder.com:

https://www.bookfinder.com/?

Re World without Aids, found these comments on the book:

"AIDS is not caused by HIV. AIDS related symptoms are usually caused by unhealthy lifestyle, poor food, toxins, lack of sleep etc. Phillip Day is a hero among others for exposing the bad science and corporate agenda that propagated this myth. It may seem unbelievable to many, but we've been lied to many many times before in both health and other aspects of life resulting in the death and suffering of millions. Why? Control and profit. The few want to and do control the many. Read the book. I couldn't put it down."

"Everyone should read this book. World Without Aids is a lone voice against the mob and it is very very persuasive. Day and Ransom make a strong, clear and very convincing argument that HIV does not exist, just as Legionnaires Disease and a host of other "viruses" analysed in the book's last chapter were ultimately proven not to exist. The authors DO NOT claim HIV is a conspiracy, rather they go back to the roots of the AIDS panic in the mid 1980's and explain how hysteria, gay fear and lots of money locked the medical establishment into the belief that a virus must be to blame for AIDS. They point out HIV has never been isolated or photographed. That AIDS tests are vague and liable to misreadings due to a host of factors. That the biggest threat to health an AIDS patient risks are doctors forcing him/her to take AZT (a drug which was shelved inthe 1960's as a poison). The chapter on AIDS in Africa is particularly chilling. (NGO's are now visually diagnosing people as AIDS sufferers).
If you are planning to take an AIDS test, you must read this book before you risk locking yourself into life as "HIV+".
And remember it wasn't so long ago that doctors treated their patients by blood-letting and wrapping their feet in poutices of pigeon dung."

Read that years ago, I mentioned it here maybe 12 months ago I forget, but it's not for everyone and if you read that book you would have had even more reason not to believe the Crap big pharma was pushing in regards to COVID. However the game never changes, scare at least 80% and you win and so far they succeed in hitting this magic number every single time.

World without aids is an interesting book. Many Dr's I know made fun of it at the time. Yodean what's your take on this book. I almost feel inclined to state that this book was kind of like a primer for COVID. Once you look at the faulty science they used to back the AIDS claims, including the both the tests which are faulty and measure a range of things, besides HIV, its almost dejavu 30 years later

[Yodean]

World without aids is an interesting book. Many Dr's I know made fun of it at the time. Yodean what's your take on this book. I almost feel inclined to state that this book was kind of like a primer for COVID. Once you look at the faulty science they used to back the AIDS claims, including the both the tests which are faulty and measure a range of things, besides HIV, its almost dejavu 30 years later

Yeh, gr8 book - everyone should read it, whether you agree with all of its conclusions or not.

I wrote quite a bit about this book quite a while ago - you could prolly do a search under my posts and find some of them, if they haven't been scrubbed. I suspect some of my writings may have made some subs or members of the TIT uncomfortable on this subject.

Sol actually brought this book to my attention originally. It was interesting reading for me - I had to re-evaluate my past, direct experience treating HIV/AIDS patients during the early part of my medical career. Had a lot of thinking to do ...

The PTBs are going to run similar scripts going forward, including what both Sol and I expect in the years to come - more aggressive, sinister cancers, more autoimmune diseases, previous diseases "reinvented" under different names, and so forth.

Some of this trend will be due to the increasing number of new vaccines planned for the Herd. A lot of the "new" diseases will likely be blamed on climate change, and/or the Pureblooded (Unvaxxed) will be blamed for "spreading."

When a basic script/plan works really well, no need to come up with something new. You just wait a few decades or so, and do it again ...

[SOL]

Yeh, gr8 book - everyone should read it, whether you agree with all of its conclusions or not.

I wrote quite a bit about this book quite a while ago - you could prolly do a search under my posts and find some of them, if they haven't been scrubbed. I suspect some of my writings may have made some subs or members of the TIT uncomfortable on this subject.
...

At TI, we are used to dealing with strange topics. And if you posted something, it has not been scrubbed. To date, we have not scrubbed one post unless I am losing my mind. Every post made is here unless the poster decided to scrub it.

A faster way to search if you remember some of the wording would be to search by sentence, but only the original poster (in this case you) would remember one of the sentences exactly.

Okay, here are some of your posts. I don't know which one fully addresses the world without aids book.


viewtopic.php?p=7849&hilit=steven+ransom#p7849
viewtopic.php?p=8283&hilit=steven+ransom#p8283
viewtopic.php?p=10137&hilit=steven+ransom#p10137


Other interesting data

AIDS -- the deadly deception exposed

Abstract
PIP: Neville Hodgkinson, a British journalist, has written a book in which he argues that AIDS is not caused by HIV alone, if at all. Hodgkinson further posits that AIDS has always been, and still is, a gay and heavy drug users' problem, and that no deadly epidemic of AIDS exists in Africa. Even the HIV serodiagnosis test is flawed. International clamor and intensive research efforts over the HIV/AIDS pandemic have just been part of a deadly deception. Hodgkinson has written and published a book in which his arguments are presented. Hodgkinson claims that this false paradigm of AIDS causation is harming patients, the public, and public resources, and that a new approach is urgently needed to establish the true causes of AIDS and how to prevent and treat them. However, researchers and health professionals worldwide refuse to reorient their research for fear of losing research funding and their livelihoods. No cure exists for AIDS only because researchers have been studying the wrong virus

https://pubmed.ncbi.nlm.nih.gov/12291687/