A Quote by Richard Dennis
Trading decisions should be made as unemotionally as possible.
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Thousands of years of ideological, philosophical and practical decisions were made. They altered the surface of the earth, the coordinates of our souls. For every one of those decisions, maybe there's another decision that could have been made, should have been made.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
I am saying that currency trading is unnecessary, unproductive, and immoral. It should be stopped. It should be made illegal.
That's why I made decisions; they were tough decisions but we shouldn't feel bad at all - don't look back with any regrets, that's how I made decisions as governor.
My ultimate goal is to create operating systems for myself that allow me to think as little as possible about the silly decisions you can make all day long - like what to eat or where we should meet - so I can focus on making real decisions.
I don't think you should invest in commodities. Eddie Murphy made it seem risky in Trading Places.
A hundred years ago-even 20 or 30 years ago-it was possible, if not always easy, to close major business by calling on and satisfying a key decision-maker. Today, every piece of business entails multiple decisions, and those decisions are virtually never made by the same person. Not only do you have to contend with multiple decisions, but the people who make those decisions may not even work in the same place.
Traditionally, companies have made major announcements before or after the close of trading so that all interested investors and analysts are apprised of the news before trading resumes in their stocks.
The moral is that in trading it's important to examine the situation from as many angles as possible, because your initial impulses are probably going to be wrong. There is never any money to be made in the obvious conclusions.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
My ultimate goal is to create operating systems for myself that allow me to think as little as possible about the silly decisions you can make all day long - like what to eat or where we should meet - so I can focus on making real decisions. Because mental energy is a finite quantity.
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
I've made stupid investments. I've made stupid decisions as an employee. I've made foolish decisions as a manager. I've gotten fired. I've lost businesses. I went through all of those things.
I understand everybody in this country doesn't agree with the decisions I've made. And I made some tough decisions. But people know where I stand.
I do think there is magic that made Uber possible, made that disruption possible, made that innovation possible, and was critical to its success. I believe you can still have the magic that underlies that and yet be a compliant company.
All my important decisions are made for me by my subconscious. My frontal lobes are just kidding themselves that they decide anything at all. All they do is think up reasons for the decisions that are already made.
