Showing posts with label Quote. Show all posts
Showing posts with label Quote. Show all posts

Friday, October 12, 2007

The Tipping Point

Quote of the day
Malcolm Gladwell, book author of "The Tipping Point: How Little Things Can Make a Big Difference"

What is The Tipping Point about?

It's a book about change. In particular, it's a book that presents a new way of understanding why change so often happens as quickly and as unexpectedly as it does.

I think that The Tipping Point is a way of making sense of the world, because I'm not sure that the world always makes as much sense to us as we would hope. I spent a great deal of time in the book talking about the way our minds work--and the peculiar and sometimes problematic ways in which our brains process information. Our intuitions, as humans, aren't always very good. Changes that happen really suddenly, on the strength of the most minor of input, can be deeply confusing. People who understand The Tipping Point, I think, have a way of decoding the world around them.

Tuesday, October 2, 2007

Quote of the Day

Brett Steenbarger, Trading Psychologist

Less successful traders trade the same way across various market conditions. Worse, when their ideas and patterns stop working, they become frustrated and try to force the action. The more successful traders know that markets change: they shift their trending, and they change volatility. When their ideas stop working, they become risk averse. When their themes are paying them out, they're not afraid to put money to work.

(Source: "Such an Important Key To Trading Success", Traderfeed Blogspot)