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THE MARKET WIZARD THREAD
- Thread starter candletrader
- Start date
My favorite quotes from New Market Wizards are from Stanley Druckenmillers interview:
Soros came into my office and we talked about the trade.
"How big a position do you have?" he asked.
"One billion dollars," I answered.
"You call that a position?"
=================================
"It takes courage to be a pig."
Soros came into my office and we talked about the trade.
"How big a position do you have?" he asked.
"One billion dollars," I answered.
"You call that a position?"
=================================
"It takes courage to be a pig."
You know folks, this preoccupation with "market wizards" does you no good, except as you learn to identify the characteristics that they all seem to have in common. I talk with several of these folks on a pretty regular basis. What I have come to notice about them is the following:
1. They are independent thinkers
2. In any situation, they remain self-possessed and able to think
clearly about their options.
3. They know how to research
4. When they see an opportunity based on their research, they
believe it, and they act decisively.
5. When they are wrong, they change gears promptly. They do
not wait for the sky to fall on them.
6. They prepare for the unexpected.
Bottom line, is these are disciplined people who have talent. They work hard and they don't screw up. Theres really nothing new under the sun is there. Enough of this already, Good luck, Lefty
1. They are independent thinkers
2. In any situation, they remain self-possessed and able to think
clearly about their options.
3. They know how to research
4. When they see an opportunity based on their research, they
believe it, and they act decisively.
5. When they are wrong, they change gears promptly. They do
not wait for the sky to fall on them.
6. They prepare for the unexpected.
Bottom line, is these are disciplined people who have talent. They work hard and they don't screw up. Theres really nothing new under the sun is there. Enough of this already, Good luck, Lefty