Dec

10

The principle of least effort

December 10, 2024 |

Grandfather Martin liked to encap stock market moves as an example of theory of least effort. Elmer Kelton applies the theory to the explosion of oil in a mine.

Any explosion will follow the path of least resistance. We want its main force to go out to the sides of the hele, to break up the formation. We don’t want it wasted, comin back up the open casing like a blast from a shotgun barrel. So we tamp a yard or so of pea gravel on top of the charge.

-Honor at Daybreak, by Elmer Kelton

Principle of Least Effort

I sat besides a stream of water in complete tranquility wondering about life, its purpose, “who am I?” and such esoteric thoughts. Abruptly, my left brain kicked in and started wondering about well, more left-brain things, like how water finds its own level and how it flows along the path of least resistance. That took me back to my college days when I first learnt about the path of least resistance in the context of electrons flowing through a wire creating electricity. This concept stayed close to my heart as I naively related it to my own disposition of doing things that took the least effort. Later on in life I figured that this Principle of Least Effort (POLE) is actually prevalent in all of nature.

much more work should be done on applying this principle to the stock market in the last 100 years after Granpa passed.

what examples of markets displaying theory of least effort ($1000 reward for best example).

[More on the math/physics side: Action Principles]

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