Michael Jordan didn’t become a great basketball player because he wanted to do product endorsements. Van Gogh didn’t become a great painter because he dreamed that one day his paintings would sell for $50 million.
Jack D. SchwagerTraders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price
Jack D. SchwagerThere are a million ways to make money in the markets. The irony is that they are all very difficult to find.
Jack D. SchwagerYou don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.
Jack D. SchwagerThe ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succeed in the markets. The markets are a dynamic process, and sustained investment success requires the ability to modify and even change strategies as markets evolve.
Jack D. Schwager