“An objective loss is impervious to how you feel about it or react to it. It's not subject to anyone's appraisal; it must be accepted without evaluation.”— Jim Paul, amazon.comTagged: Accepting Loss
“In a continuous process there is no certainty of how or when the open market position will end...Enter: Hope or Fear. Our enemies.”— Jim Paul, amazon.comTagged: Impressions
“Look at things as discrete events... an activity with a defined ending point.”— Jim Paul, amazon.comTagged: Impressions
“Good judgment is usually the result of experience, and experience frequently the result of bad judgment.”— Robert Lovett, amazon.comTagged: The Process
“At the end of the day your perception doesn't impact events. Your assessment of risk or probability or predictions. They matter as much as a weather man's forecast does.”— Jim Paul, amazon.comTagged: strength
“You don't have any problems–you just have to get back to work.”— Jim Paul, amazon.comTagged: Conclusion
“A maxim is a succinct formulation of some fundamental principle or rule of conduct. Memorizing and repeating cliches is easy–grasping their underlying principles is more difficult.”— Jim Paul, amazon.comTagged: Conclusion
“The first step to planning is to ask of any activity, any product, any process or market. If we were not committed to it today, would we go into it? If the answer is no, one says 'How can we get out—fast?'”— Peter Drucker, amazon.comTagged: strategy
“In 20/20 hindsight, decisions maybe good or bad but not right or wrong. With regards to markets only expressed opinions can be right or wrong. Market positions are either profitable or unprofitable, period. But due to vocabulary quirks, it is easy to equate losing money with being wrong...They confu…”— Jim Paul, amazon.comTagged: strategy
“Personalizing successes sets people up for disastrous failure. They begin to treat the successes totally as a personal reflection of their abilities rather than the result of capitalizing on a good opportunity, being at the right place at the right time, or even being just plain lucky.”— Jim Paul, amazon.comTagged: Luck, Opportunity, Success