Words to Remember
The Best Move Is Often No Move 🧠
“It never was my thinking that made the big money for me. It always was my sitting.”
Why we ran it
An Anthropic researcher put the odds of AI wiping out humanity above 10%, the post drew 150 million views, and the Fed raised rates for the first time since July 2023 in the same week. Stocks fell for a day, then had their best session in six weeks. The issue followed the money and found no Terminator trade anywhere. Livermore, who made and lost several fortunes, said the big money came from sitting, not from reacting.
From the September 18, 2026 issue: The Terminator Trade →