Archives of “January 29, 2019” day
rss'Do as I say, not as I do.'
It's Happening or Not ?
You Never Know When You Will Drop Dead
Arnold Schwarzenegger used to always say — Schwarzenegger, love him, hate him, I don’t necessarily have a feeling one way or the other, but he used to always say that a good pump in his weight-lifting world was as good as sex. I’d say hitting a home run is right there. The point is, getting to the point where you have got it on the line, you’re making something happen, you don’t give a shit what your neighbors think of you. You don’t give a shit what your family thinks of you. You’re just gonna take on the world. That’s it. That’s the goal. You live one time, one time and it’s over. If you go through life scared, if you go through life following the plan that your father told you to do, that your mother told you to do, or some other nonsense society told you to do: you need to get a steady job, you need a college degree, then you get a steady job, yada, yada, yada. Guess what, you’ll be 60, by the time you know it you’ll be 70, maybe you’ll be dead soon.
Stop waiting for the perfect opportunity to start living the way you want to live.
Faulty Wall Street assumptions
% living in extreme poverty worldwide fell 50% past 30 years. Polls show most people are ignorant of this
The Battle is With Yourself
“Years of experience eventually teach you that your main battle, always, is with yourself — your propensity for errors, for rationalizing marginal hands into good hands, lack of concentration, misreading other players, emotional eruptions, impatience, and so on. Your opponents are merely dim outlines that come and go. Few of them ever reach the exalted heights of damage that you can inflict on yourself.”
– Larry Phillips, Zen and the Art of Poker
Many great traders have expressed some version of the opinion, “Your greatest opponent is yourself.” Do you agree?
If so, what are the implications?
On the positive side, if “we have met the enemy and he is us,” as Pogo once said, what does that say about growth opportunity?
If you had perfect discipline, perfect motivation, and perfect emotional control, how good (or great) a trader could you be?