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Stock Trader and
Economy Student
J.P. Janssen's website.
The purpose of the site is to discuss ideas and principles about markets.
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Quotes
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” [1]
Charles Darwin
"After a certain point, money is meaningless. It ceases to be the goal. The game is what counts."
Aristotle Onassis
"The market can stay irrational longer than you can stay solvent."
John Maynard Keynes
"In the present crisis, government is not the solution to our problem; government is the problem."
Ronald Reagan, 1981
" ...the United States was not built by those who waited and rested and wished to look behind them. This country was conquered by those who moved forward, and so will space."
John F. Kennedy, 1962
"He that is good at making excuses is seldom good at anything else."
Benjamin Franklin
"That which does not destroy me makes me stronger."
Friedrich Nietzsche
"Show me a thoroughly satisfied man and I will show you a failure."
Thomas A. Edison
“I have not failed. I've just found 10,000 ways that won't work.”
Thomas A. Edison (working on the light bowl)
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."
Arthur Schopenhauer
“I was like a boy playing on the sea-shore, and diverting myself now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me.”
Isaac Newton
"We are not in a position to ask life its meaning - life will ask you to determine its meaning."
"Life can be pulled by goals just as surely as it can be pushed by drives."
Viktor Frankl in Man's Search for Meaning
"When ideas fail, words come in very handy."
Johann Wolfgang von Goethe
"To improve is to change; to be perfect is to change often."
Winston Churchill
"'Players are usually at their most confident peak….just before they walk into…disaster."
"Don't play on a heavy meal; a hungry player is a good player."
"'The oldest play is brand new if your opponent has not seen it. I've won many more games and matches with old plays than with new."
"If a move is inviting, natural, and looks strong, it's a good move or a good trap - and sometimes it takes a good player to tell the difference."
"The player who records his losses today won’t repeat them tomorrow."
"It's fun trying to master a game, as long as you don't expect to succeed."
"Knowledge alone cannot make a player, but lack of knowledge can surely unmake one."
"It isn't only what you know that counts, it's also what you don't know; and don't know that you don't know."
Tom Wiswell (World Checkers Champion, 1951-76)
[Collected from GM Nigel Davis' webpage - provided by Victor Niederhoffer]
The Stockdale Paradox
An American officer who survived eight years of torture in a Vietnamese prison, wrote these words:
"I never lost faith in the end of the story. I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life, which, in retrospect, I would not trade." [1]
Admiral Jim Stockdale
This poem is so full of wisdom that it should be memorized:
Footprints In Your Heart
Many people will walk in and out of your life,
But only true friends will leave footprints in your heart.
To handle yourself, use your head;
To handle others, use your heart.
Anger is only one letter short of danger.
If someone betrays you once, it is his fault;
If he betrays you twice, it is your fault.
Great minds discuss ideas,
Average minds discuss events,
Small minds discuss people.
He who loses money, loses much;
He who loses a friend, loses much more;
He who loses faith, loses all.
Beautiful young people are accidents of nature,
But beautiful old people are works of art.
Learn from the mistakes of others.
You can't live long enough to make them all yourself.
Friends, you and me.
You brought another friend,
And then there were three.
We started our group,
Our circle of friends,
And like that circle -
There is no beginning or end.
Yesterday is history.
Tomorrow is mystery.
Today is a gift.
That's why it's called the present.
-Eleanor Roosevelt
[Copied from Stian Clementsen]
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