A Quote by Bernard Baruch
If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
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To the best of my knowledge and belief, the average American newspaper, even of the so-called better sort, is not only quite as bad as Upton Sinclair says it is, but 10 times worse, 10 times as ignorant, 10 times as unfair and tyrannical, 10 times as complaisant and pusillanimous, and 10 times as devious, hypocritical, disingenuous, deceitful, pharisaical, Pecksniffian, fraudulent, slippery, unscrupulous, perfidious, lewd and dishonest.
I think that a good person can sometimes do wrong out of ignorance or weakness or wrong thinking, but when hard times come, the goodness wins out after all. And a bad person can often seem good and trustworthy for a long time, but when hard times come, the evil in him gets revealed.
During my 18 years I came to bat almost 10,000 times. I struck out about 1,700 times and walked maybe 1,800 times. You figure a ballplayer will average about 500 at-bats a season. That means I played 7 years without ever hitting the ball.
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.
Next to being right in this world, the best of all things is to be clearly and definitely wrong, because you will come out somewhere. If you go buzzing about between right and wrong, vibrating and fluctuating, you come out nowhere; but if you are absolutely and thoroughly and persistently wrong, you must, some of these days, have the extreme good fortune of knocking your head against a fact, and that sets you all straight again.
In ancient times, people weren't just male or female, but one of three types: male/male, male/female, female/female. In other words, each person was made out of the components of two people. Everyone was happy with this arrangement and never really gave it much a thought. But then God took a knife and cut everybody in half, right down the middle. So after that the world was divided just into male and female, the upshot being that people spend their time running around trying to locate their missing other half.
You’re not going to be a 1.000 hitter all the time. You’re going to be more wrong than right. You just have to correct your errors as quickly, as economically, as possible.
I’m not good at talking,” Naoko said. “Haven’t been for the longest while. I start to say something and the wrong words come out. Wrong or sometimes completely backward. I try to go back and correct it, but things get even more complicated and confused, so that I don’t even remember what I started to say in the first place. Like I was split into two or something, one half chasing the other. And there’s this big pillar in the middle and they go chasing each other around and around it. The other me always latches onto the right word and this me absolutely never catches up
I worked out of Hollywood for 10 years and I had my heart broken half a dozen times, so I know all the things that can go wrong.
Quitters have the good sense to admit their mistakes, cut their losses, and move on.
You can try to make the right decision all the time, but it's better to just make a decision. I have done wrong so many times, but nine times out of 10, I have learned from my failure. Don't wait for something; just go for it.
If one develops good habits and routines, it is possible to be a responsible educator most of the time; and to marshal the special energies and reflection for those times, when the correct course of action is not clear, or when one is weighing one wrong against another wrong.
When a jealous person sees signs of other people's success and good fortune, his heart is pierced with envy. But someone who has learned to rejoice in the good fortune of others experiences only happiness. Seeing another person's beautiful house or attractive partner immediately makes him happy - the fact that they are not his own is irrelevant.
The right merchant is one who has the just average of faculties we call common sense; a man of a strong affinity for facts, who makes up his decision on what he has seen. He is thoroughly persuaded of the truths of arithmetic. There is always a reason, in the man, for his good or bad fortune in making money. Men talk as if there were some magic about this. He knows that all goes on the old road, pound for pound, cent for cent - for every effect a perfect cause - and that good luck is another name for tenacity of purpose.
Even if you tell yourself "Today I'm going to drink coffee the wrong way ... from a dirty boot." Even that would be right, because you chose to drink coffee from that boot. Because you can do nothing wrong. You are always right. Even when you say, "I'm such an idiot, I'm so wrong..." you're right. You're right about being wrong. You're right even when you're an idiot. No matter how stupid your idea, you're doomed to be right because it's yours.
A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.
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