Quote for the day

"Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want." - Morgan Housel

Quote for the day

"A wise man turns chance into good fortune." -  Thomas Fuller

Quote for the day

"If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating." - Jesse Lauriston Livermore

Quote for the day

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." - Benjamin Graham

Quote for the day

"Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions." - Daniel Kahneman

Quote for the day

"Know your circle of competence, and stick within it. The size of that circle is not very important; knowing its boundaries, however, is vital." - Warren Buffet

Quote for the day

"Speculate with less than 10% of your liquid net worth. Risk less than 1% of your speculative account on a trade. This tends to keep the fluctuations in the trading account small, relative to net worth. This is essential as large fluctuations can engage {emotions} and lead to feeling-justifying drama." - Ed Seykota