Macro Monitor

A collection of thoughts and links to valuable resources.

Sunday, 20 May 2012

Nassim Taleb on JPMorgan

at 20:28

Email This BlogThis!Share to Twitter Share to Facebook

No comments:

Required Reading

KWN Interviews

Michael Pento
2 hours ago
GATA

Jim Sinclair plans gold seminar in London on June 1
4 hours ago
KWN Blog

Incredibly Important Developments In Many Key Markets
5 hours ago
Jesse's Café Américain

Gold Supply and Short Positions on the Comex: Option Expiration Next Week
7 hours ago
Trader Dan

US Dollar - back to being King
8 hours ago
Eric De Groot

Cyprus Was A Model For Future Bank Failures
20 hours ago
BoomBustBlog

Is It Time To Buy Apple As A Valuation Play? The Contrarian That Called The Top In Apple Weighs In
1 day ago

Blog Archive

March (1)
February (1)
January (1)
December (2)
November (1)
September (3)
June (8)
May (81)
April (9)

EW Blogs

Alphahorn
Caldaro
PUG
Wave Principle

Tools + Resources

Finviz.com
Freestockcharts.com
Stockcharts.com
Dropbox Folder

Stocks to Watch

Aurcana
New Gold

Funds

Central Fund of Canada
Hinde Gold Fund
Tocqueville Gold Fund
Marret High Yield Strategies Fund

Live Charts

US National Debt Clock

Translate

Follow by Email

Subscribe To

Posts

Atom

Posts

Comments

Atom

Comments

It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating. I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, "Well, you know this is a bull market!" he really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend. And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. – Jesse Livermore

Awesome Inc. template. Template images by Jason Morrow. Powered by Blogger.

Macro Monitor

Links + More

Sunday, 20 May 2012

Nassim Taleb on JPMorgan

No comments:

Post a Comment