A Quote by William Eckhardt

I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions.
The only kinds of fights worth fighting are those you’re going to lose, because somebody has to fight them and lose and lose and lose until someday, somebody who believes as you do wins.
When one man of popularity can let the world know the problem, he might lose a few dollars himself. He might lose his life. But he's helping millions.
You know how on the evening news they always tell you that the stock market is up in active trading, or off in moderate trading, or trading in mixed activity, or whatever. Well, who gives a
They can print statistics and count the populations in hundreds of thousands, but to each man a city consists of no more than a few streets, a few houses, a few people. Remove those few and a city exists no longer except as a pain in the memory, like a pain of an amputated leg no longer there.
I think David Yates was just like, "You've got on with it for a few years, I'm gonna let you off the hook." And also, I think it's because the action side of stuff that we were doing, it was going to be very difficult to do all that with all the prosthetics on. It was gonna be hard work, and I think they just said, "You know what?" I think they put a level of trust in me, as well. They said, "You know, we're gonna let Neville Longbottom lose the fat suit, lose the teeth, lose the Adolf Hitler hair."
Why do I want to remove Najib? I should have thought the whole world would know. This man steals money. Not a few hundred dollars, not a few thousand dollars - he stole billions of dollars, and that has been verified by investigations here in Malaysia and the U.S.
I will never forget that the only reason I'm standing here today is because somebody, somewhere stood up for me when it was risky. Stood up when it was hard. Stood up when it wasn't popular. And because that somebody stood up, a few more stood up. And then a few thousand stood up. And then a few million stood up. And standing up, with courage and clear purpose, they somehow managed to change the world.
If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.
There are damn few great writers and I'm not one of them. While I could afford to I played with words. When I could no longer afford that I wrote for money.
Once your body is in workout-mode, a few days off won't hurt. Muscle memory is magical. If you work out consistently, you can afford to miss a few sessions and your body will gladly pick up where you left off.
I recorded my first song at 15. But I started rhyming a few years before that. At first it was trading lyrics at school. We'd get in a circle in the playground with a beat-boxer and spit rhymes. Then it would turn into a big gathering after school.
I have had a few rough patches in my life, but these last few years have been among the roughest. A few years ago, I left my job as host of the television show Extra. Our parting of ways was completely amicable; they were amazing to me. I had spent over a quarter of my life at that job, and without it, I felt like I had lost my compass. People didn't know how to introduce me anymore, because in L.A., you are your job.
I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet.
I lose sleep if I end up feeling bad about something I've said. Usually that happens when I send something out without having read it over a few times, or when I call somebody names.
That "I don't give a darn" attitude is probably why I've shot so many good final rounds over the years when I started the day a few shots behind with nothing to lose. . . and maybe that's why I've shot so many bad last rounds when I was ahead and knew I couldn't afford a mistake.
Any time you lose a few in a row, you have to hit reset and come back tomorrow and do the best you can to forget about how the past series went. It's frustrating. Individually it's frustrating. I'm trying to figure it out. And I know as a team, it sucks losing a few in a row any time. So you know, we'll snap out of it.
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