“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.” IfsHumansLongEnoughHandsHappensRunningCertainGamesWinningProcessLosesNumbersPlayerHabitInvolvedSkillsNormalFlowMajorityTendenciesMinoritiesStakesLong RunsTradingEquityPersistentImplicationsParticipantsConcentratingTradersAccelerateBetting Author:William Eckhardt
“Some people read for instruction, which is praiseworthy, and some for pleasure, which is innocent, but not a few read from habit, and I suppose that this is neither innocent or praiseworthy. Of that lamentable company am I. Conversation after a time bores me, games tire me and my own thoughts, which we are told are the unfailing resource of a sensible man, have a tendency to run dry. Then I fly to my book as the opium-smoker to his pipe.” PeopleMenBookRunningGamesMy OwnPleasureCompanyHabitConversationResourcesInnocentTendenciesDrySensibleInstructionBoresTirePipeOpiumSmokersPraiseworthy Book:Collected Short Stories Source: Collected Short Stories
“My game wasn't where it should have been at all at the start of the year. I got into a couple of bad habits on my swing, and it just took me a little bit of time to get out of them.” ShouldYearsLittlesHas BeensGamesBitsCoupleHabitLittle BitShould HaveSwingsShould Have BeenBad Habits Author:Rory McIlroy
“The game is played out of instinct, but everyone on the ice has habits - good and bad. So the key to the game is to exploit the bad habits of your opponent.” GamesKeysHabitInstinctIceOpponentsGood And BadExploitsBad Habits Author:Wayne Gretzky