Quote of the Day - Standing on the Shoulders of Giants
“My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market. The stock market is the greatest, most complex puzzle ever invented – and it pays the biggest jackpot….it was never the money that drove me. It was the game, solving the puzzle, beating the market that had confused and confounded the greatest minds in history. For me, that passion, the juice, the exhilaration was in beating the game, a game that was a living dynamic riddle, a conundrum to everyone who speculated on Wall Street.”
“What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play.”
“I’ve got friends, of course, but my business has always been the same – a one-man affair. That is why I have always played a lone hand.”
“If somebody had told me my method would not work I nevertheless would have tried it out to make
sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.”
“Those who make peaceful revolution impossible will make violent revolution inevitable.”
“A leader discovers the hidden chasm between where things are and where things would better be, and strings up a makeshift bridge to attempt the crossing. From the other side, they guide those who dare to cross this rickety traverse until the engineers can build a sturdier span for all.”
“The speculator’s deadly enemies are: Ignorance, greed, fear and hope. All the statue books in the world and all the rule books on all the Exchanges of the earth cannot eliminate these from the human animal.”
“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”
“Talent is God-given. Be Humble.
Fame is Man-given. Be Grateful.
Conceit is Self-given. Be Careful”
“If your strength is small, don’t carry heavy burdens. If your words are worthless, don’t give advice.”
“It does not matter how many times you get knocked down, but how many times you get up.”
“It’s lack of faith that makes people afraid of meeting challenges, and I believed in myself.”
“In the end, it’s extra effort that separates a winner from a loser. But winning takes a lot more that that, too. It starts with complete command of the fundamentals. Then it takes desire, determination, discipline, and self-sacrifice. And finally, it takes a great deal of love, fairness and respect.”
“You will change when your ready to change, and you’ll be ready to change when you recognize that you NEED to change.”
