Words of Wisdom

For heaven��s sake, you do not need to have a love affair with your stock just because you bought it. Love is sometimes fickle, you know. ~ Humphrey Neill

The one thing that retards success in trading, more than any other, is the unwillingness of many of us to accept losses, cheerfully and quickly. ~ Humphrey Neill

Freedom of choice is what you got. Freedom from choice is what you want.

Stocks go up and down for many reasons and no reason at all. We need not kick ourselves with regret every time stock prices go down, and we should not stroke ourselves with pride every time they go up.

Regret is painful while pride is pleasurable, but both are teachers, warning us against behavior likely to inflict regret and encouraging us to toward behavior likely to bring pride.

Speculation is impossible to avoid by anybody. Your wife speculates when she buys a hat. . . . She speculated when she married you. All hope is nothing else but speculation, and if you want to take hope out of the world you might as well blow it up. ~ George Frederick

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful. ~ Warren Buffett

Be still and know that I am God; I will be exalted among the nations, I will be exalted in the earth.

I have learned to be content whatever the circumstances

Once I exceeded 19 miles, I wasn��t all there mentally. . . . I knew my body hurt, I knew my body was exhausted�Xbut I kept telling it to put one foot in front of the other. There was no option other than to keep going. ~ Marathon runner David Funderburke

We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard! Because that challenge is one we are willing to accept, one we are unwilling to postpone and one we intend to win! ~ President John F. Kennedy

Fearful people and pessimistic ones were unwilling to take much risk, while angry people and optimistic ones often actively seek it.

Fearful people and pessimistic ones assess risk as relatively high, while angry people and optimistic ones assess the same risk as relatively low.

Angry people have a higher than average likelihood to divorce, suffer cardiovascular disease, and face problems at work, whereas angry people rate themselves less likely to experience these problems.

The challenge facing regulators in the United States and other countries that are relatively free of insider trading is the challenge of freeing markets of insider trading while keeping outside investors aware that markets are not entirely free of in-sider trading.

Citizens who are aware that streets teem with muggers restrain their optimism, venturing into the streets as little as possible. And outside investors who are aware that stock markets teem with insiders restrain their optimism, venturing into stock mar-kets as little as possible.

Stockbrokers and stock exchanges have good reasons to promote unrealistic optimism because unrealistically optimistic investors trade more often than realistic ones, adding more to the revenues and profits of brokers and exchanges.

Optimism bolsters self control necessary to overcome temptations on our way to our goals.

Optimists gird themselves to exert greater efforts when they anticipate greater temptations, whether tempted by spending when they save for a house or watching television when they study for an exam.

Optimism, even if unrealistic, is mostly a blessing. Opti-mists are happier than realists; they recover faster from surgery and adjust more smoothly to major life transitions, such as leav-ing home for college, looking for a job, or healing after a di-vorce.