The market is a manic partner quoting you a price daily — you are never obliged to trade, only to decide whether the quote is useful.
The parable does its work through asymmetry: he is there to serve you, not to inform you. The market’s real trick is convincing you a price is a fact about value rather than an offer you can decline.
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Typed edges. Anything below the line was authored on the other note and derived here.
example-of →Between stimulus and response there is a space, and skill is widening it enough to step into on purpose.The cleanest instance of the stimulus-response gap I know. The daily quote is the stimulus; declining to act on it is the space. Graham built an entire discipline out of one refusal.