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Winning Quotes

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Winning Quotes

“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.”

“Cupid and my Campaspe play'd At cards for kisses - Cupid paid: He stakes his quiver, bow, and arrows, His mother's doves, and team of sparrows; Loses them too; then down he throws The coral of his lips, the rose Growing one's cheek (but none knows how); With these, the crystal of his brow, And then the dimple of his chin: All these did my Campaspe win. At last he set her both his eyes - She won, and Cupid blind did rise. O Love! has she done this for thee? What shall, alas! become of me?”

“I realize that after decades of positive thinking the notion of realism, of things as they are, may seem a little quaint. ... When the stakes are high enough and the risks obvious, we still turn to people who can be counted on to understand those risks and prepare for worst-case scenarios. A chief of state does not want to hear a general in the field say that he 'hopes' to win tomorrow's battle or that he's 'visualizing victory'.”

“[Gambling] is a perfidious passion. ... It is bad for one to win, and bad not to win. ... it ends by setting your blood on fire, and to increase your chances of winning at any cost, your stakes increase frightfully; the desire of winning gets to be a madness. The soul gets sick; it neither sees nor hears anything. No family ties, position, nor fortune, can stand against this passion.”