Archives of “quotes” tag

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Ernest Hemingway

  
  Education
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‘The Old Man and the Sea’ is my favourite work by Hemingway. Here are two quotes that have direct parallels with trading:  

He looked down into the water and watched the lines that went straight down into the dark of the water. He kept them straighter than anyone did, so that each level in the darkness of the stream there would be a bait waiting exactly where he wished it to be for any fish that swam there. Others let them drift with the current and sometimes they were at sixty fathoms when the fishermen thought they were at a hundred. But, he thought, I keep them with precision. Only I have no luck any more. But who knows? Maybe today. Every day is a new day. It is better to be lucky. But I would rather be exact. Then when luck comes you are ready.’ 

And the great sea with its friends and its enemies. And bed, he thought. Bed is my friend. Just bed, he thought. Bed will be a great thing. It is easy when you are beaten, he thought. I never knew how easy it was. And what beat you, he thought. ‘Nothing’, he said aloud. ‘I went out too far.’

Words of Wisdom from Colm O’Shea

  
  Education
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In “Hedge Fund Market Wizards”, Jack Schwager interviews Colm O’Shea of Comac Capital. There are some great quotes in the interview and here are some of my favourites:

 You need to implement a trade in a way that limits your losses when you are wrong, and you also need to be able to recognize when a trade is wrong.

 … what strikes me about really good managers (is that) they don’t get attached to their ideas.

 You need a method that suits your personality.

 People who like trading because they like gambling are always going to be terrible at it. For these people, the trading books could be greatly shortened to the message: “Don’t trade. You are really bad at this. So just don’t do it.”

 Traders who are successful over the long run adapt. If they do use rules, and you meet them 10 years later, they will have broken those rules. Why? Because the world has changed. (more…)

Overcoming fear

  
  Education
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 I recently read a few simple quotes on overcoming fear that I wanted to share:

“I have not ceased being fearful, but I have ceased to let fear control me.” — Erica Jong

“Your fears are not walls, but hurdles. Courage is not the absence of fear, but the conquering of it.” — Dan Millman

“The key to success is for you to make a habit throughout your life of doing the things you fear.” — Brian Tracy

John D. Rockefeller Quotes

  
Education, Life
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John D. Rockefeller is said to have been the richest person in history, even if he lived today. He left us with some wise quotes, check them out:

I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature.

If your only goal is to become rich, you will never achieve it.

It is wrong to assume that men of immense wealth are always happy.

The most important thing for a young man is to establish a credit… a reputation, character.

I know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money’s sake.

Don’t be afraid to give up the good to go for the great.

Don’t blame the marketing department. The buck stops with the chief executive.

Good leadership consists of showing average people how to do the work of superior people.

I always tried to turn every disaster into an opportunity.

I believe in the dignity of labor, whether with head or hand; that the world owes no man a living but that it owes every man an opportunity to make a living.

These are some very wise quotes from the richest man in history.

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