“Nearly all the successful traders I have known are one-trick ponies. They do one thing, and they do it very well. When they stray from that single focus, it often ends in disaster.”
– Steve Clark
’14 Thought of the Day
Thought of the Day…
“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.”
– Larry Hite
Thought of the Day…
“There isn’t anything noble about being superior to another person. True nobility is in being superior to the person you once were.”
– Ziad K. Abdelnour
Thought of the Day…
“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.”
– Vince Lombardi
Thought of the Day…
“The emerging picture from such studies is that ten thousand hours of practice is required to achieve the level of mastery associated with being a world-class expert—in anything. … In study after study, of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players, master criminals, and what have you, this number comes up again and again. Of course, this doesn’t address why some people get more out of their practice sessions that others do. But no one has yet found a case in which true world-class expertise was accomplished in less time. It seems that it takes the brain this long to assimilate all that it needs to know to achieve true mastery.”
– Malcom Gladwell
Thought of the Day…
“We keep our cool when others don’t. The point is, markets adapt. Don’t listen to all the crap out there.”
– David Tepper
Thought of the Day…
“Just when you think it can’t get any worse, it can. And just when you think it can’t get any better, it can.”
– Nicholas Sparks
Thought of the Day…
“When an archer is shooting for nothing, he has all his skill.
If he shoots for a brass buckle, he is already nervous.
If he shoots for a prize of gold, he goes blind or sees two targets –
He is out of his mind!
His skill has not changed. But the prize divides him.
He cares. He thinks more of winning than of shooting–
And the need to win drains him of power.”
– Chuang Tzu
Thought of the Day…
“Knowing is not enough; we must apply. Wishing is not enough; we must do”
– Johan Von Goethe