Brendan Moynihan > Quotes

“Experience is the worst teacher. It gives the test before giving the lesson. —UNKNOWN”
― Brendan Moynihan, What I Learned Losing A Million Dollars

“Personalizing successes sets people up for disastrous failure. They begin to treat the successes totally as a personal reflection of their abilities rather than the result of capitalizing on a good opportunity, being at the right place at the right time, or even being just plain lucky. They think their mere involvement in an undertaking guarantees success.”
― Brendan Moynihan, What I Learned Losing a Million Dollars

“Man is extremely uncomfortable with uncertainty. To deal with his discomfort, man tends to create a false sense of security by substituting certainty for uncertainty. It becomes the herd instinct. —BENNETT W. GOODSPEED, THE TAO JONES AVERAGES”
― Brendan Moynihan, What I Learned Losing A Million Dollars

“(Rand’s philosophy is called objectivism, coincidentally enough),”
― Brendan Moynihan, What I Learned Losing A Million Dollars

“profitable trades” that are missed actually cost zero while poor controls (pick the stop later) or no controls (no stop) will sooner or later cost you a lot of money.”
― Brendan Moynihan, What I Learned Losing A Million Dollars