"Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard."

--

Source : "The New Market Wizards". Book by Jack D. Schwager, 1992.

Bill Lipschutz

#People Quotes #Risk Quotes #Rewards Quotes

“I beg the reader not to go in search of messages. It is a term that I detest because it distresses me greatly, for it forces on me clothes that are not mine, which in fact belong to a human type that I distrust; the prophet, the soothsayer, the seer. I am none of these; I'm a normal man with a good memory who fell into a maelstrom and got out of it more by luck than by virtue, and who from that time on has preserved a certain curiosity about maelstroms large and small, metaphorical and actual.”
“After all these recent events in Russia - "Crimea is ours!," Donbas, all that - I realized I could get back into the business of forecasting. Until now, I didn't feel up to it. I actually was wrong about one thing: I predicted that Putin would be forced to leave soon, but he's still there. Generally, once again - this time not in seventy years but in a very short time - the President and the Duma have reached the stage of such idiocy that they are constantly taking actions which are not simply pointless but harmful, to Russia itself.”

Source : Source: www.thedailybeast.com
“A clever person solves a problem. A wise person avoids it.”
“Probably it is impossible for humor to be ever a revolutionary weapon. Candide can do little more than generate irony.”
“A reporter is always concerned with tomorrow. There's nothing tangible of yesterday. All I can say I've done is agitate the air ten or fifteen minutes and then boom - it's gone.”
“Tintoretto attempted to fill the line of Michelangelo with color, without tracing its principle.”
“I'm a big believer that dreams don't have deadlines!”
“Liberals are wrong to think that opposition to health reform is a rejection of big government. If health reform consisted of extending Medicare to everyone, people would be delighted. There are millions of 64-year-olds out there who can hardly wait to be 65.”

Source : "Message from Massachusetts" by Marcia Angell, www.huffingtonpost.com. March 23, 2010.

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