Archive for the ‘Quote of the Day’ Category

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“Any technique that you use in trading – whether for money management, self-control, or pattern recognition – require frequent repetition before they will become an ongoing part of your repertoire”

– The Psychology of Trading

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Understand this:  The world wants to assign you a role in life.  And once you accept that role.  You are doomed.

– Robert Greene

The 48 Laws Of Power

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“There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self”

– Ernest Hemingway

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“We don’t own things – things own us”

Famous Quotes: Before And After The 1929 Crash

seymour062001

Fascinating stuff.  Here’s a sample: 

4, “There may be a recession in stock prices, but not anything in the nature of a crash.”
    – Irving Fisher, leading U.S. economist, New York Times, Sept. 5, 1929

5. “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
    – Irving Fisher, Ph.D. in economics, Oct. 17, 1929

Read the whole thing:   http://pc.blogspot.co.uk/2015/08/quotes-of-morning-before-after-1929.html

Hat tip Ed Driscoll at instapundit.com

Summing Up The Day

“The pain of today is where the rewards of tomorrow originate from”

Hat tip Josh Brown

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“Man sacrifices his health in order to make money.  Then he sacrifices his money to recuperate his health.  And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future;  he lives as if he is never going to die, and then he dies having never really lived.”

– The Dalai Lama

Quote of the Day

“It is one thing to have free immigration to jobs. It is another thing to have free immigration to welfare. And you cannot have both. If you have a welfare state, if you have a state in which every resident is promised a certain minimal level of income, or a minimum level of subsistence, regardless of whether he works or not, produces it or not. Then it really is an impossible thing.”

Milton Friedman

Quote of the Day

“If I were giving a young man advice as to how he might succeed in life, I would say to him pick out a good father and mother, and begin life in Ohio”    Wilbur Wright

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To Your Success,

Doug & Gary