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Stephen Hawking: Humanity Won’t Survive Another 1000 Years on Earth

  
Analysis, Education, Video
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 Theoretical physicist Stephen Hawking says that humanity won’t make it through the next 1,000 years unless we find a way to leave Earth.

 “We must continue to go into space for the future of humanity,” Mr. Hawking told an audience at the Sydney Opera House, where he appeared virtually, in holographic form. “I don’t think we will survive another 1,000 years without escaping beyond our fragile planet.”

Hawking was filmed in his office at the University of Cambridge, in the UK, and the footage was sent via San Jose for processing then on to Australia to create his image on stage.

“He’s worried about the future of the human race. You know, he thinks that human beings are, I suppose naturally aggressive,” said Professor John Webb, the director of the lecture series at the University of New South Wales that made Hawkings talk possible.

“That may have been useful at some point in the early history of humanity enabling us to find food and get a partner and things like that, but he thinks that aggression that remains with us today is now the thing that could well end up destroying us.”

“I think he’s put a time on it to make us realise we’ve got to take better control of what we’re doing.”

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Open Mind

  
  Education
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Nothing is infallible in the stock market — no theory, no measure of the market be it technical, fundamental, or cyclical. The basic tenet of any investment or trading methodology worth its salt should be that it’s not infallible.

Those that demand the least from a method will gain the most from it. Those who demand the most from a method will be the ones most frustrated by it.

The only way to gain control is to give up control. The only way to gain control is to give up the idea of trying to have control.

The market is more art than science: The good and bad part of any genuine approach to the market is that it requires interpretation, which is what makes markets and opportunity, but is bad because it’s frustrating.

The study of the market is part theoretical and part philosophical. That’s what makes it so intriguing. The market is a mystery. Despite all the artificial intelligence and computer power available, no one has solved the mystery. There’s no sure thing in the markets.

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This is no-man’s-land. Every technical benchmark and data point seem but an island in the market’s stream of confusion.

As a trading bro said to me over the weekend, “If you have an opinion in this market, you’re wrong.”

Keep an open mind.

Observation, Experience, Memory and Mathematics

  
  Education
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“Observation, experience, memory and mathematics – these are what the successful trader must depend on. He must not only observe but remember at all times what he has observed. He cannot bet on the unreasonable or the unexpected, however strong his personal convictions may be about man’s unreasonableness or however certain he may feel that the unexpected happens very frequently. He must bet always on probabilities – that is, try to anticipate them. Years of practice at the game, of constant study, of always remembering, enable the trader to act on the instant when the unexpected happens as well as when the expected comes to pass.

“A man can have great mathematical ability and an unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and the memory. And then, like the physician who keeps up with the advances of science, the wise trader never ceases to study general conditions, to keep track of developments everywhere that are likely to affect or influence the course of the various markets. After years of the game it becomes a habit to keep posted. He acts almost automatically. He acquires the invaluable professional attitude that enables him to beat the game – at times! (more…)

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