Daily Speculations The
Web Site of Victor Niederhoffer and Laurel Kenner
The Wright Brothers, by Allen Gillespie
I had an opportunity this weekend to visit the Wright Brothers Memorial, and
I must say it left me highly inspired and with the impression that a speculator
could learn a lot from the brothers.
- Optimism: It is not really necessary to look too far into the
future; we see enough already to be certain it will be magnificent. Only let
us hurry and open the roads. — Wilbur Wright
- Patience: The build up to the 1903 flights were years in the making and
involved thousands of glider and lab tests.
- Observation: The Brothers learned from carefully watching vultures.
- Testing: The brothers tested many ideas before going with the one that
made them famous. Reminds me of the Palindrome's theory on testing.
- Isolate Variables: The brothers methodically attacked each variable that
- Don't Get too Excited by Success : Or you may loose your airplane in the