“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
“I want to feel secure personally. Have a competitive team out there -- I really want to win; I hate losing -- and, I guess, I want to be treated like a normal person.” WantFeelsPersonsHateWinningTeamNormalLosingI HateTreatedSecure Author:Pedro Martinez
“Basically that you can do anything. If you pool your resources,and just give up the idea that you're going to act like a normal person or sleep, if you want it hard enough and do it well enough, it happens. A lot of really talented people either sort of get crushed under the wheel of the movie studio system or desperately try and get their next gig in TV. I understand why, because we've all got to put food on the table and the brass ring is out there, we'd all like to be making the Emmy-winning shows and the blockbusters and all that, but at the same time you could be doing stuff yourself.” PeopleIfsWantGivingTryingWellsPersonsIdeasHardEnoughShowsHappensNextWinningStuffCan DoSleepTvsGiving UpNormalResourcesTablesStudiosRingsWheelsPoolGigsCrushedBrassBlockbusterEmmysJust Give Up Author:Joss Whedon