Sublime
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The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.
Edwin Lefevre • Reminiscences of a Stock Operator
And the business has suffered. They are no longer dynamic, risk-taking entities. In the 2000s, they would spend money on technology, payroll, and client entertainment—because they always knew they would make more. Now, no more holiday parties. Make sure you work in an industry that still has holiday parties.
Jared Dillian • No Worries: How to live a stress free financial life
Economics
Glen Isham • 3 cards
-VA'indsor's roller coaster experience with Citi underscored a crucial point: investment success does not require glamour stocks or bull markets. Judgment and fortitude were our prerequisites. Judgment singles out opportunities, fortitude enables you to live with them while the rest of the world scrambles in another direction. Citi exemplified this
... See moreJohn Neff • John Neff on Investing
wealth is hard to accumulate and easy to lose.
Alice Schroeder • The Snowball
tangible economic damage.