Co-author of the latest Market Wizards book. Order at link below. Post about trading, markets, etc.
Joined June 2011
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Lot of wisdom about managing money contained in this simple exchange between George Soros and Byron Wien in the book Soros on Soros:
BW: Do you think you deserve to be considered one of the world's greatest money managers?
GS: That's a good question. I have to recognize that I am, in fact, up there. How long I will stay up there is another question.
BW: You're not as active in money management today as you have been in the past.
GS: That's why I have a chance to stay up there.
Soros Fund Management launched when George Soros was 43. Julian Robertson didn’t start Tiger until he was 48. Jim Simons was 50 when he started the Medallion fund. By pretty much any measure, these three belong in the top 5 or 10 best hedge fund managers ever. Things to keep in mind if you haven’t hit your stride by ~30.
George Coyle retweeted
Trading is simply probabilities. Nobody has a crystal ball; nobody knows what will happen. - Simon Russo @simonrusso__ 139/n lnk.to/marketwizardsnextgene…
Making some changes to my weekly thematic strategy report. Plan to keep it free for a few more weeks before turning on paid mode. Have a look if you're interested: mktstrat.substack.com/p/the-…
George Coyle retweeted
One pattern I have noticed across all the Market Wizards books is that many of the traders I interviewed started trading, or at least developed a strong market interest, while still in high school. - Jack Schwager @jackschwager 136/n lnk.to/marketwizardsnextgene…
George Coyle retweeted
One thing I’ve noticed speaking to the best traders is that most traders start their journeys in a similar way.. searching for the holy grail.. going from indicator to indicator. Over time their focus narrows into very few indicators if any.
Reminiscences of a Stock Operator quote of the day:
An old-timer heard me. He was one of those chaps that are always reminded of something. He said that William R. Travers, who was bearish, once met a friend who was bullish. They exchanged market views and the friend said, "Mr. Travers, how can you be bearish with the market so stiff?" and Travers retorted, "Yes! Th-the s-s-stiffness of d-death!" It was Travers who went to the office of a company and asked to be allowed to see the books. The clerk asked him, "Have you an interest in this company?" and Travers answered, "I sh-should s-say I had! I'm sh-short t-t-twenty thousand sh-shares of the stock!"
They sure are. Read a few decades worth of FOMC statements and it becomes readily apparent.
The truth is that unpredictable events that alter the course of markets are fairly common. - George Coyle @gfc4 135/n lnk.to/marketwizardsnextgene…
Latest Market Wizards hardcover limited time sale on Amazon: amazon.com/dp/1804093637?lv=…
George Coyle retweeted
Our performance follows from our mindset; a best practice in trading is maintaining motivation and focused learning during periods of both success and setback: traderfeed.blogspot.com/2026… @Ahead_Coach @gfc4 @jackschwager
“Cut your losses and stay with your winners. That is my credo for building wealth and achieving goals of all kinds.” - Larry Hite audible.com/pd/Principles-of…
Reminiscences of a Stock Operator quote of the day:
Jim Fisk just looked at him and said, 'Go ahead! Do! Sell it short and invite me to your funeral.'
"I saw that some of their traders were making $25,000 to $50,000 a day. I was blown away." - Kenny Sharkness audible.com/pd/Market-Wizard…
“...protect yourself by selling your stock before the loss assumes larger proportions.” - Jesse Livermore amazon.com/dp/B0H11KHVN4
This week's strategy report looks at tokenization and what various executives are saying about it: mktstrat.substack.com/p/the-…
Reminiscences of a Stock Operator quote of the day:
It takes a man a long time to learn all the lessons of all his mistakes.
What % return should a flying car be worth today for $TSLA stock?
69%0 to 5%
12%5 to 10%
4%10 to 20%
15%>20%
134 votes • Final results