Thursday, 11 June 2009

Quote of the Day

"To be clever, alert, and not only quick to act, but able to reverse a position at a moment's notice. One should exhibit no hopes or fears. One must participate without a sign of nerves or mental strain; must look upon profits or losses with equal equanimity. One must develop the kind of intuition that becomes a sixth sense. These traits must evolve over a series of failures over many months and years. The education could be completed only through a long series of transactions, spread over long periods, which would perfect the operating personality to carry one through adverse times without discouragement, until ones expertness and self-confidence match that of the surgeon who performs many operations, losing some patients but never losing his nerve. Such a man, with such character and experience should be a success in the market."
-Richard D. Wyckoff

No comments: