“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
“How vainly men themselves amaze To win the palm, the oak, or bays; And their uncessant labours see Crown'd from some single herb or tree. Whose short and narrow verged shade Does prudently their toils upbraid; While all flow'rs and all trees do close To weave the garlands of repose.” MenDoeWinningTreeFlowLabourShadeCrownsToilPalmsHerbsOaksReposeGarlandsUpbraid Author:Andrew Marvell
“Technology will always win. You can delay technology by legal interference, but technology will flow around legal barriers.” WinningTechnologyFlowBarriersDelayInterference Author:Andy Grove
“In Proverbs we read: 'He that winneth souls is wise.' If any man, women, or child by a godly life and example can win one soul to God, his life will not have been a failure. He will have outshone all the mighty men of his day, because he will have set a stream in motion that will flow on and on forever and ever.” IfsMenChildrenHas BeensSoulWinningForeverWiseExampleFlowStreamsGodlyGodly Life Author:Dwight L. Moody
“Without doubt, there are lots of ways to measure the pulse of a business. But if you have employee engagement, customer satisfaction, and cash flow right, you can be sure your company is healthy and on the way to winning.” IfsWayWinningCompanyDoubtHealthyFlowSatisfactionCustomersEmployeeEngagementCashPulseEmployee EngagementCustomer SatisfactionCash Flow Author:Jack Welch