“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
“There is, however, no advantage in reflections on the past further than may be of service to the present. For the future we must provide by maintaining what the present gives us and redoubling our efforts; it is hereditary to us to win virtue as the fruit of labour, and you must not change the habit, even though you should have a slight advantage in wealth and resources; for it is not right that what was won in want should be lost in plenty.” WantGivingShouldMayPastWinningLostWealthEffortVirtueHabitReflectionResourcesAdvantageShould HaveFruitPlentyLabourMaintainingHereditary Book:The Peloponnesian War Source: The Peloponnesian War
“The problem is with any practice is that it is a practice. That is why people don't win. The reason why people don't win is they get stuck in ideas, habits, and ways of seeing life.” PeopleWayIdeasReasonProblemActionWinningPracticeSeeingHabitStuckReason WhyRight Action Author:Frederick Lenz
“Performing at my best is important to me and should be to everyone. I am blessed that my dad is a chiropractor. Getting adjusted regularly - along with practicing other good health habits that my mom helped me to establish - are all part of my goal to win in life and on the field.” LifeShouldImportantWinningSportsGoalFamilyPracticeFieldsHealthMomHabitDadBlessedMy DadMy MomPerformingHealthy LivingGood HealthQuarterbackAmerican FootballAdjustingRegularity Author:Aaron Rodgers