All things come into being through opposition and all are in flux like a river
Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!
The key to building wealth is to preserve capital and wait patiently for the right opportunity to make the extraordinary gains.
Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.
To comfort a sorrowful conscience is much better than to possess many kngdoms; yet the world regards it not; nay, condemns it, calling us rebels, dissturbers of the peace.
Every meal should be prepared with love and eaten in peace, because its purpose is to strengthen us for the service of Love.
He was not my boyfriend. On the other hand, he wasn't just a friend either. Instead, our relationship was elastic, stretching between those two extremes depending on who else was around, how much either of us had to drink, and other varying factors. This was exactly what I wanted, as commitments had never really been my thing. And it wasn't like it was hard, either. The only trick was never giving more than you were willing to lose.
I don't think crack happened by accident. I'm part conspiracy theorist, because you can't develop something that dangerous and have it not be planned.