“The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!” YearsPersonsMadeAbleGuyMistakeSuccessfulEmotionalKeysDisciplineTradeInvestmentMaking MoneyInvestorsTradingDimesJeopardyInvestment Success Author:Victor Sperandeo
“In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.” IfsGivingYearsLongIdeasLostOpinionModernExamplePeriodsLowsLet MeStrategyMaking MoneyMisconceptionLong Periods Of TimeLost Money Author:Victor Sperandeo
“Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.” YearsBusinessKnowingStageInvestingSellingFinancePremium Author:Victor Sperandeo
