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Street Smarts

  
  Education
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Street Smarts is a new book out by the South Alabama bowtie man. There is an interesting video discussion here on being humbled by the market.STREET SMARTS

1. “Jim Rogers on When He Lost Everything“

2. A bit about his new book follows: Street Smarts by Jim Rogers

and an excerpt:

‘Today, I wish I knew how to instill this characteristic in my children. I wish I could call my father or mother and say, “What pill did you give us?” Call it discipline, call it diligence, call it work ethic—­we all have it, my brothers and I. I do not know where it comes from. I wish I could find the gene. I am certainly not alone in recognizing the value of persistence—we all know smart people who are not successful; we all know talented people who are not successful. Persistence is what makes the difference.’

Self-Awareness

  
  Education
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“You can’t kid yourself in trading. You have to deal with who you really are, and take responsibility for all your shortcomings, which the markets have a way of revealing rather starkly. You have to confront all your fears and tame them. You have to check your ego at the door.

 You learn from each experience. There’s nothing in life that you can do that can guarantee that you’re not going to go through some pain. Trading is certainly not a singular pursuit in that regard. What I have learned is this: Patience and diligence are rewarded. Profits will eventually accrue if you do the right thing and stick with it. That’s the most important thing!

 

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