Quote of the Day

"[t]he unexpected and even the unexpectable will happen. Disaster may come from a convulsion of nature or from the weather, from your own greed or from some man’s vanity; from fear or from uncontrolled hope." - J.L.

Quote of the Day

"You can't desire action more than you want to win." -- Marty Schwartz

QOTD

"Of course, after a while, I heard a lot of calamity howling and the old stagers said everybody—except themselves—had gone crazy. But everybody except themselves was making money. I knew, of course, there must be a limit to the advances and an end to  the crazy buying of A. O. T.—Any Old Thing—and I got bearish. But every time I sold I lost money, and if it hadn’t been that I ran darn quick I’d have lost a heap more."
-- Livermore

QOTD

    

"One cannot but pity the man with sallow face and sluggish gait who when everybody else is feeling the happy impulse
of a common prosperity persists in believing that the country is going to the dogs, and steadily sells stocks while everybody else is buying them. He is simply ruining himself" (Clews, 1908, p. 19)

Reference: Clews, Henry, and Victor Niederhoffer. Fifty Years in Wall Street. J. Wiley & Sons, 2006.

Quote of the Day, from ROSO

"A brilliant operator, James R. Keene! His private secretary told me that when the market was going his way Mr. Keene was irascible; and those who knew him say his irascibility was expressed in sardonic phrases that lingered long in the memory of his hearers. But when he was losing he was in the best of humour, a polished man of the world, agreeable, epigrammatic, interesting. He had in superlative degree the qualities of mind that are associated with successful speculators anywhere. That he did not argue with the tape is plain. He was utterly fearless but never reckless. He could and did turn in a twinkling, if he found he was wrong" (Lefevre, 1923).