The Four Laws of Speculation in Zurich

The term "Zurich's Law of Speculation" originates from Swiss Securities andfuturesSpeculation Club, it was collected from Wall Street after World War II. My father was one of its initiators. It is not a formal club, with no club charter, no membership fees, and no specific membership list. It is composed of a group of like-minded men and women who hope to get rich, believing that no one can get rich by working for a salary. They gather irregularly at Oscar Dalmonik or other bars on Wall Street. These gatherings were held in the last century50Era to70The era has never ceased.


1On adventure: If you are not worried about the speculation you engage in, then the risks you take are definitely not enough.
2On Greed: Take profits early.
3On hope: When the ship begins to sink, don't pray and get out quickly.
4On prediction: Human behavior cannot be predicted, do not believe in any prophets.
5On Mode: Chaos is not dangerous until order is displayed.
6On flexibility: Avoid rooting as they can hinder your flexibility.
7On intuition: If a premonition can be explained, then it is trustworthy.
8On mysticism: God's plan to create the world may not necessarily include making you wealthy.
9On optimism and pessimism: Optimism is the expectation that the best situation will happen, while confidence is knowing how to handle the worst situation and never taking speculative activities just because of optimism.
10On public opinion: disdaining the opinions of the majority, Because they are likely wrong.
11On stubbornness: If you can't make money the first time, forget about it and start over.
12On planning: The dangerous consequence of long-term planning is that you will think that the future is controllable and never make long-term plans for yourself or for others.