Market Wizards

“The composite …

“The composite of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in her/her personality, and blames others… Read More ›

I used to try t…

I used to try to will things to happen. My attitude was that I figured it out, therefore it can’t be wrong. What is the ultimate rationalization of an investor in a losing position? “I’ll get out when I’m even.”… Read More ›

“The most impor…

“The most important rule of investing is to play great defense, not great offense. Every day I assume every position I have is wrong. Always question yourself and your ability. Don’t ever feel that you are very good. The second… Read More ›

“I think the le…

“I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Investing requires an intense personal involvement.” – Michael Marcus, Market Wizards