“Whenever I take a position, I like to imagine what it would be like under the worst-case scenario. In doing so, I minimize the confusion if that situation actually develops. In my view, losses are a very important part of trading. When a loss happens, I believe in embracing it.” IfsBelieveImportantHappensWould BeI BelieveLossViewsSituationCasesImagineWorstPositionI Believe InConfusionTradingScenariosWorst Case Scenario Author:Gil Blake
“What we have at present is a system of loss socialism. Whatever goes wrong is shouldered by the general public and anything that works is privatised. Worshippers of market freedom have suspended the most important economic principle: Risk and liability go hand in hand.” ImportantHandsLossPrinciplesRiskEconomicSocialismHand In HandSuspendedLiabilityGeneral PublicWorshippers Author:Sigmar Gabriel
“Be as delicate as possible. If communication accomplishes something on the gross but damages something on the level of feeling then it is a spiritual loss! The feeling is more important for life.” IfsImportantFeelingsSpiritualLossLevelsCommunicationAccomplishDamageShockDelicateGross Author:Maharishi Mahesh Yogi
“Simon Jones was so important and is going to be a big loss. It is a chance for someone like James Anderson to step up to the mark” ImportantBigsChanceLossStepsMarkStep Up Author:Duncan Fletcher
“The important task rarely must be done today, or even this week...But the urgent task calls for instant action...The momentary appeal of these tasks seems irresistible and important, and they devour our energy. But in the light of time's perspective, their deceptive prominence fades; with a sense of loss we recall the vital tasks we pushed aside. We realize we've become slaves to the tyranny of the urgent.” ImportantDoneLightSeemsMotivationalTodayActionEnergyRealizingLossWeekPerspectiveTasksSlaveTyrannyAppealsInstantFadesRecallsUrgentIrresistibleMomentaryDeceptiveProminence Author:Charles Hummel
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.” PeopleIfsKnowsImportantReasonWould BeSoundLosesLossCuttingEmotionalKeysDisciplineFinancialMaking MoneyTradingFinancial Markets Author:Victor Sperandeo
“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.” ThinkingWayLongMadeImportantBigsHappensNextWinningStrongTermLossDecisionImagineWorstSpecialEmotionalPeriodsWeakTradeProfitTemptationSomething SpecialStreaksInsidious Author:William Eckhardt
“The most important thing regardless of my stats or anybody else's stats is the win-loss record. In the locker room people are always telling me, you're doing this and that. I don't really pay that much attention so long as we have a 'W' in that column; that's the kind of thing that makes me really happy. It blows all stats out of the water.” PeopleKindLongImportantWinningWaterLossRoomsPayAttentionRecordsImportant ThingsBlowColumnsReally HappyLockersLocker Room Author:Dhani Jones
“There is a geographical element in all belief-saying what seem profound truths in India have a way of seeming enormous platitudes in England, and vice versa . Perhaps the fundamental difference is that beneath a tropical sun individuality seems less distinct and the loss of it less important.” WayImportantSeemsBeliefDifferencesLossSunElementsIndiaEnglandFundamentalsProfoundIndividualityVicesEnormousVice VersaSeemingTropicalPlatitudesProfound Truth Book:A kind of compulsion, 1903-1936 Source: A kind of compulsion, 1903-1936
“During the course of my presidency, it feels as if a couple times a year, I end up having to speak to the country and to speak to a particular community about a devastating loss. The grieving that the country feels is real, the sympathy, the prioritizing, the comforting of the families, all that’s important. But I think part of the point that I wanted to make was that it’s not enough just to feel bad.” IfsThinkingFeelsYearsImportantRealEndsCountryEnoughWantedCoursesSpeakCommunityLossParticularCoupleGrievingPresidencyComfortingPrioritizeDevastating Loss Author:Barack Obama