“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”
― The Black Swan: The Impact of the Highly Improbable
― The Black Swan: The Impact of the Highly Improbable
“All investments are speculations in the age of paper money”
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“To learn that a man can make foolish plays for no reason whatever was a valuable lesson. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind. It has always seemed to me, however, that I might have learned my lesson quite as well if the cost had been only one million. But Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount may be.”
― Reminiscences of a Stock Operator
― Reminiscences of a Stock Operator
“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.”
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“A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets. To know what I was capable of in the line of folly was a long educational step. I sometimes think that no price is too high for a speculator to pay to learn that which will keep him from getting the swelled head.”
― Reminiscences of a Stock Operator
― Reminiscences of a Stock Operator
Jordan’s 2025 Year in Books
Take a look at Jordan’s Year in Books, including some fun facts about their reading.
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