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“Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was expressed by Thomas F. Woodlock when he declared: "The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”
― Reminiscences of a Stock Operator
― Reminiscences of a Stock Operator
“The real test of ‘knowledge’ is not whether it is true, but whether it empowers us.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“As he caught his footing, his head fell back, and the Milky Way flowed down inside him with a roar.”
― Snow Country
― Snow Country
“it is much more common that we overestimate our knowledge than that we underestimate it.”
― The Art of Thinking Clearly: The Secrets of Perfect Decision-Making
― The Art of Thinking Clearly: The Secrets of Perfect Decision-Making
“It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind”
― Reminiscences of a Stock Operator
― Reminiscences of a Stock Operator
Chandru’s 2025 Year in Books
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