Thought For The Day

[flea]

"[Successful] investors know they will make mistakes, but the mistakes do not threaten their sense of self. They have just as much confidenceafter a mistake as at the time of the original investment."
-Lifson and Geist, authors: The Psychology of Investing

 

[dojistar]

Flea,you have obviously read a lot of trading psychology books,
have you read The Investors Quotient by Jack Bernstein and if so whats your opinion on it

 

[Turbo]

"The realisation that pain and pleasure but two sides of the same coin could free many a investor to get on with his work in a profession manner." Turbo

 

[flea]

Jack Bernstein

Hi Doji, haven't read that book I'm afraid.

I get a load of quotes e-mailed to me everyday, I just pick one i like and post it

Here is the web site that sends them
http://www.innerworth.com/inside/insided.asp

You need to get a username and password, some of the site you have to subscribe for, I don't, but I get sent the e-mail

Regards
flea

 

[Skimbleshanks]

... and there I was thinking that you spent hours and hours reading all those good trading psychology books!

But I do like your thoughts for the day - in the chatroom Reggy is promising to treat us to one of his 'pearls of wisdom' each day! So between the two of you we should all be better informed. 😀

 

[Riz]

Thanks flea, keep thought for the day going 🙂

Riz