Archive for the ‘Quote of the Day’ Category

Quote of the Day

“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.” – Paul Tudor Jones

Who is Paul Tudor Jones?:  Paul Tudor Jones II is noted as one of the most successful traders of this, or any other, generation. While not exempt from certain scandals often associated with the wealth and power he has built, Jones’ asset management firm, The Tudor Group, is a prestigious and well-oiled machine that continues to place the utmost importance on client care and wealth management. Jones exudes caution, understanding and a consistent desire to remain on top.

Hat tip Charlie Bilello

Quote Of The Day

“Letting your emotions dictate your actions destroys returns.  Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.”

So true.  Hat tip Jim O’Shaughnessy

Quote of the Day

“Everyone understands the things that happen within two standard deviations, but everything important in financial history takes place outside of two standard devisations.” – R. Kayne

Hat tip Jim O’Shaughnessy

Quote of The Day

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Hat tip Steve Burns

Embrace The Boredom

Quote of the day:

“If you’re not prepared to be bored by the stocks you own, you’re not really prepared to make big money in the markets.”

Hat tip Paul Andreola

Embrace The Decline

“Far more money has been lost by investors preparing for corrections, or trying anticipate corrections, than has been lost in corrections themselves.”  Peter Lynch

Hat tip Charlie Bilello

“The greatest task for any person is to find meaning in his or her own life.”

What gives life real meaning?

According to Viktor Frankl there are three possible answers:

1. Creating a work or doing a deed.

2. Experiencing or encountering something.  This can be found not only in work, but in love.

3. Facing a fate you cannot change.  Rising above and growing beyond yourself.

More here from Tony Isola:  The Case For Tragic Optimism

Hat tip Josh Brown

 

 

 

 

 

“Having, and sticking to, a true long term perspective is the closest you can come to possessing an investing super power”

Clifford Asness

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‘Never’

“Whenever you hear people in the investment business say ‘Never’, that’s when you know it’s about to happen.”

Jeff Gundlach

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Doug & Gary