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Quotes

What is a Wave?

According to the Meriam-Webster Dictionary, a ‘wave’ can also be defined as:

  • Moving ridge or swell on the surface of a liquid, open water
  • Something that swells and dies away
  • A rolling or undulatory movement or one of a series of such movements passing along a surface or through the air
  • A disturbance or variation that transfers energy progressively from point to point in a medium and that may take the form of an elastic deformation or of a variation of pressure, electric or magnetic intensity, electric potential, or temperature
  • One complete cycle of such a disturbance
  • An undulating or jagged line constituting a graphic representation of an action

Many Famous People Have Written About Waves

Financial storms are similar to hurricanes in that they move fast. As David Defoe described in Robinson Crusoe:

  • While I sat thus, I found the air overcast, and grow cloudy, as it would turn to rain; soon after that the wind rose by little and little, so that in less than half an hour it blew a most dreadful hurricane. The sea was all on a sudden covered over with foam and froth, the shore was covered with the breach of the water, the trees were torn up by the roots, and a terrible storm it was; and this held about three hours, and then began to abate, and in two hours more it was stark calm, and began to rain very hard.

Dafoe, Daniel. "Robinson's Journal- Details of his Domestic Economy and Contrivances- Shock of an Earthquake." In Robinson Crusoe. New York: Singet Classic, 1961. 83.

Walker's new book, Understanding Alternative Investments, thoughtfully extends the application of his wave theory to real estate (as well as additional alternative investments) and provides valuable insights to investors and managers alike.
-Robert L. Cooney, Jr., Co-Founder and Managing Principal, Steel Castle Capital LLC