Investment Wisdom Of The Day
Some of Murphy’s Laws:
- If anything can go wrong, it will.
- Nothing is ever as simple as it seems.
- Everything takes longer than you expect.
- Left to themselves all things go from bad to worse.
- Nature always sides with the hidden flaw.
- Mother Nature is a bitch.
- It is impossible to make anything foolproof because fools are so ingenious.
- If everything seems to be going well, you have obviously overlooked something.
- If you can keep your head when, all around you, others are losing theirs, you just don’t understand the situation.
- For every human problem, there is a neat, simple solution — and it is always wrong.
Investment Wisdom Of The Day
Investment Wisdom Of The Day
Investment Wisdom Of The Day
“My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.”– Bruce Kovner
