Thought of the Day…

“Don’t count on Graham and Dodd to make you a fortune, everybody in the market knows the theory, ever wonder why fund managers can’t beat the S&P 500? ‘Cause they’re sheep and the sheep get slaughtered. I been in the business since ’69. Most of these high paid MBAs from Harvard never make it. You need a system, discipline, good people, no deal junkies, no toreadors, the deal flow burns most people out by 35. Give me PSHs: poor, smart and hungry. And no feelings. You don’t win ’em all, you don’t love ’em all, you keep on fighting and if you need a friend, get a dog, it’s trench warfare out there sport… ”

– Gordon Gekko

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