| “Life is nothing more than a series of bets and bets are really nothing more than questions and their answers. There is no real difference between, ’should I take another hit on this Blackjack hand?’ and ‘Should I get out of the way of that speeding and wildly careening bus?’ Each shares two universal truths: a set of probabilities of potential outcomes and the singular outcome that takes place. Everyday we place hundreds if not thousands of bets – large and small, some seemingly well considered and others made without a second thought. The vast majority of the latter, life’s little gambles made without any thought, might certainly be trivial. ‘Should I tie my shoes?’ Seems to offer no big risk, nor any big reward. While others, such as the aforementioned ’speeding and wildly careening bus’ would seem to have greater impact on our lives. However, if deciding not to tie your shoes that morning causes you to trip and fall down in the middle of the road when you finally decide to fold your hand and give that careening bus plenty of leeway, well then, in hindsight the trivial has suddenly become paramount.” Larry Hite, Trader |
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There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future. You can also lose a good bet, but if you keep placing good bets, over time, the law of averages will be working for you.”
“Life is nothing more than a series of bets and bets are really nothing more than questions and their answers. There is no real difference between, ’should I take another hit on this Blackjack hand?’ and ‘Should I get out of the way of that speeding and wildly careening bus?’ Each shares two universal truths: a set of probabilities of potential outcomes and the singular outcome that takes place. Everyday we place hundreds if not thousands of bets – large and small, some seemingly well considered and others made without a second thought. The vast majority of the latter, life’s little gambles made without any thought, might certainly be trivial. ‘Should I tie my shoes?’ Seems to offer no big risk, nor any big reward. While others, such as the aforementioned ’speeding and wildly careening bus’ would seem to have greater impact on our lives. However, if deciding not to tie your shoes that morning causes you to trip and fall down in the middle of the road when you finally decide to fold your hand and give that careening bus plenty of leeway, well then, in hindsight the trivial has suddenly become paramount.”
Warren Buffet’s Investment & Life Wisdoms
Spending: If you buy things you don’t need, you’ll soon sell things you need.
Savings: Don’t save what is left after spending; spend what is left after saving.
Hard work: All hard work brings profit; but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.
Borrowings: The borrower becomes the lender’s slave.
Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet.
Investment: Don’t put all your eggs in one basket.
For peace sake!
Two Palestinians boarded a flight out of London. One took a window seat and the other sat next to him in the middle seat.. Just before takeoff, a rabbi sat down in the aisle seat. After takeoff the rabbi kicked his shoes off, wiggled his toes and was settling in when the Palestinian in the window seat said, ‘I need to get up and get a coke. ”Don’t get up,’ said the rabbi, ‘I’m in the aisle seat, I’ll get it for you.’ As soon as he left, one of the Palestinians picked up the rabbi’s shoe and spat in it.. When the Rabbi returned with the coke, the other Palestinian said, ‘That looks good I’d really like one, too.’ Again, the rabbi obligingly went to fetch it. While he was gone the other Palestinian picked up the rabbi’s other shoe and spat in it. When the rabbi returned, they all sat back and enjoyed the flight. As the plane was landing, the rabbi slipped his feet into his shoes and knew immediately what had happened. He leaned over and asked his Palestinian neighbors: ‘Why does it have to be this way? How long must this go on? This fighting between our nations? This hatred? This animosity? This spitting in shoes and pissing in cokes?’
Psychology by Michael Jordan
Hi,
I like these commercials, because it very similar with trading. Commercials are not new, but i hope, that it can somebody give some more motivation.
1st one: YouTube – Michael Jordan “Simple Math” Nike Commercial
It says – stop looking for holy grail, there is no math formula, there is only training!
2nd one: YouTube – Maybe – New Michael Jordan Commercial
It says – stop looking for excuses!
3rd one: YouTube – Michael Jordan “Failure” Nike Commercial
It says – Success it not about winning, it is about loosing and deal with it!
4th one: YouTube – Look Me In The Eyes – Jordan Commercial – Become Legendary
It says – very nice courage and patience… I am scared what i wont become, you are scared what you could become..
5th one: YouTube – Michael Jordan “Become Legendary #1” Nike Commercial
It says – It is not about indicator/shoes/etc!!
Good luck, goal is closer, than you think..