Quote of the Day - Standing on the Shoulders of Giants
“The men of greatest achievement and wealth are those with highly developed sex natures; men who have learned the art of sex transmutation…. The men who have accumulated great fortunes and achieved outstanding recognition in literature, art, industry, architecture, and the professions were motivated by the influence of a woman”
“In order to have faith in his own path, a warrior does not need to prove that someone else’s path is wrong.”
“Panic was the worst thing. When you panicked, you couldn’t see possibilities.”
“One of the best lessons you can learn in life is to master how to remain calm.”
“Your body is your most priceless possession; you’ve got to take care of it!”
“People are strange: They are constantly angered by trivial things, but on a major matter like totally wasting their lives, they hardly seem to notice.”
“Mutual funds, brokers, financial news, big banks, and 23 year old AP finance writers fresh out of journalism school, the ones who literally make up the fundamental news and predictions daily, have been a massive sham.”
“Mature understanding of and respect for risk is the hallmark of the best traders. They know that if you don’t keep an eye on risk, it will set it’s eye on you.”
The 30 Major Causes of Failure
1. Unfavorable hereditary background.
2. Lack of well defined purpose in life.
3. Lack of ambition to aim above.
4. Insufficient education
5. Lack of Self-Discipline
6. Ill Health
7.Unfavorable environmental influences during childhood
8. Procrastination
9. Lack of persistence
10. Negative personality
11. Lack of controlled sexual urge
12. Uncontrolled desire for “something for nothing”
13. Lack of a well-defined power of decision
14. One or more of the six basic fears
15. Wrong selection of mate in marriage
16. Over-caution
17. Wrong selection of associates in business
18. Superstition and prejudice
19. Wrong selection of a vocation
20. Lack of concentration of effort
21. The habit of indiscriminate spending
22. Lack of enthusiasm
23. Intolerance
24. Intemperance
25. Inability to cooperate with others
26. Possession of power not acquired through self-effort
27. Intentional dishonesty
28. Egotism and vanity
29. Guessing instead of thinking
30. Lack of Capital
“Edges come from places where there are systematic misperceptions as a result of cognitive biases.”