TheRumpledOne
6,407 posts
msg #45635
- Ignore TheRumpledOne |
7/10/2006 5:51:23 PM
Wise Words Translated
Stockscores.com Perspectives for the week ending July 9, 2006
There are a lot of dead people who have said some pretty smart things. Throughout time, man has recorded these wise words so that some of us can draw inspiration or guidance from what mankind's great thinkers have put forth. In this week's newsletter, I thought it would be fun to look at some famous quotes from those who have stood out in history, and apply the thought to the stock market. My hope is that I can provide some inspired guidance for your investment pursuits.
"The destiny of man is in his own soul" - Herodotus
Nobody cares about your money more than you. If you want to be successful as an investor, recognize that you have to take control and make decisions for yourself. While you may use others for information important in the decision making process, the buy and sell decisions must ultimately be yours, and therefore, you must be an informed investor.
"Nothing splendid has ever been achieved except by those who dared believe that something inside them was superior to circumstance." - Bruce Barton
Most of us are average. To excel in the stock market, to actually beat the market, you have to do something that the crowd is not doing. You have to be one step ahead, and take advantage of the inevitable movement of the masses.
"Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it." - Johann Wolfgang von Goethe
Ignore what the financial text books tell us, the stock market can be beat. But doing so requires determination beyond what the average man is willing to provide. Success in the stock market is simple, but not easy. Be bold.
"We are what we repeatedly do." - Aristotle
Are you continually losing in stocks? If so, then you must change the way you make investment decisions. Over the long run, luck or the lack of it does not matter. Figure out what your are doing wrong, and make changes. If you can not determine what it is that causes your failure, seek help to identify the problem.
"The great end in life is not knowledge but action." - Thomas Henry Huxley
What success you achieve on paper trading stocks means nothing. Back testing trading system and proving their success means nothing. To succeed as an investor, you must master your emotions and profit in real market conditions.
"We don't see things as they are, we see them as we are." - Anais Nin
Fundamentals do not matter to the stock market, it is the perception of fundamentals that move stock prices.
"You would make a ship sail against the winds and currents by lighting a bon-fire under her deck ... I have no time for such nonsense." - Napoleon Bonaparte
Do not fight the trend. Buying stocks during times of pessimism is a difficulat way to make money in stocks.
"Democracy does not guarantee equality of conditions - it only guarantees equality of opportunity." - Irving Kristol
The stock market is not fair.
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