A Quote by Li Lu
Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.
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I'm able to lead my life as well as make a film. My wife and my friends and people around me know that I do tend to distance myself a little bit during the making of a film, but I have to, it's a natural part of the process for me because you are indulging in the headspace of somebody else, you are investing in the psychology of somebody else and you are becoming somebody else, and so there isn't enough room for you and that somebody else.
People buy a game because they like the game and they want to play the game. And there are certain characters in games that people like, obviously. I don't know if a certain character's voice or lack of a certain character's voice can cause somebody to buy or not buy a game.
Companies are bought not sold, an investment banker told me that once and it is very true. Basically what it means is you can't control selling your company, you can only sell it if somebody wants to buy it, and you need someone to want to buy it.
If the bottom dropped out of the market and the artist was not going to sell anything, he or she will keep working, and the dealer will keep trying to find some way to convince somebody to buy this stuff.
Suppose a white man should come to me and say, "Joseph, I like your horses. I want to buy them." I say to him, "No, my horses suit me; I will not sell them." Then he goes to my neighbor and says to him, "Joseph has some good horses. I want to buy them, but he refuses to sell." My neighbor answers, "Pay me the money and I will sell you Joseph's horses." The white man returns to me and says, "Joseph, I have bought your horses and you must let me have them." If we sold our lands to the government, this is the way they bought them.
Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.
Active investment is a zero-sum game. Passive managers don't play the game. They buy something resembling the market as a whole, or some segment of the market, and they don't respond to the actions of active managers.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
If there were dreams to sell, What would you buy? Some cost a passing bell; Some a light sigh, That shakes from Life's fresh crown Only a rose-leaf down. If there were dreams to sell, Merry and sad to tell, And the crier rung the bell, What would you buy?
Day by day night after night Blinded by the neon lights Hurry here, hustlin' there No one's got the time to spare Money's tight, nothin' free Won't somebody come and rescue me? I am stranded, caught in the crossfire Stranded, caught in the crossfire! Tooth for tooth, eye for an eye Sell your soul just to buy, buy, buy Beggin' a dollar stealin' a dime Come on can't you see that I I am stranded, caught in the crossfire
If you're going to sell stock and somebody wants to buy it at a price and that price is not a price you dictate, but demand dictates, sell it to them now.
I tell my students, 'When you get these jobs that you have been so brilliantly trained for, just remember that your real job is that if you are free, you need to free somebody else. If you have some power, then your job is to empower somebody else. This is not just a grab-bag candy game.
Investing in a poker game and investing in stocks, at least the way I do it, it's a very similar skillset.
Investing isn't a game to be won. At the end of the day, it's a way to achieve your big goals, like buying that home, starting that business, and retiring on your own terms.
I don't care if it's somebody else's song. Most of the time, you'll find that I'll put my own stamp on it. But I started writing more because, you know, it's easy to regurgitate what somebody else is doing, but it's exciting to be able to come up with your own writing.
I used to be a retailer, and I find it discouraging when somebody comes in and they pick something up and they say, 'Now if you'll sell it to me without the sales tax, I'll buy it.
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