You can put a cat in an oven, but that don't make it a biscuit.
Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price
Being wrong is acceptable, but staying wrong is totally unacceptable.
The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succeed in the markets. The markets are a dynamic process, and sustained investment success requires the ability to modify and even change strategies as markets evolve.
One of my favorite patterns is the tendency for the markets to move from relative lows to relative highs and vice versa every two to four days. This pattern is a function of human behavior. It takes several days of a market rallying before it looks really good. That’s when everyone wants to buy it, and that’s the time when the professionals, like myself, are selling. Conversely, when the market has been down for a few days, and everyone is bearish, that’s the time I like to be buying.
You don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.
Good traders liquidate when they are wrong, great traders reverse when they are wrong
If you clean the floor with love, you have done an invisible painting. Live each moment in such delight that it gives you something inner.
The more people have, the less content they seem to be. In America, the cultural expectation that we're to be happy all the time and our children are to be happy all the time is toxic, and I think that really gets in the way of emotional well-being.
I do take lots of time off between projects, but when the right thing comes along, I don't like to turn it down, I've been doing this for a decade, and I remember what it was like when I started. You spend maybe five percent of your time actually doing it, and the rest of the time, you're trying to get that five percent.
This administration here and now declares unconditional war on poverty.