JR, like i have said before, you make nothing but sense.
on investment
"Just ask any successful long-term investor: the best way to get rich is by trying like hell not to do all the things that keep average people poor. 99% of the game is just not doing anything that will kill you. Don’t go all-in on penny stocks. Don’t invest in companies you know to be fraudulent. But also… don’t sit on the sidelines and watch the entire bull market happen without you."
this is certainly true. stick to the above and most will end up financially fine, even well. and these rules are not that hard to follow.
but once you master them, the game really begins. what separates the novices from the masters is...
the legends know when to mean reverse, and when to trend follow.
i think this is the essence of a good trader, be a master of both mean reversion and trend following strategies. hold two contradictory ideas and be able to function. flexible, but also firm; up, but also down; left, but also right.
Really enjoyed reading this - simple but overwhelmingly true. I think about that Eastern vs Western contrast plenty, it’s no wonder eastern ideas have skyrocketed in popularity recently… I think many are burnt out from constant action, busyness, and achievement
JR, like i have said before, you make nothing but sense.
on investment
"Just ask any successful long-term investor: the best way to get rich is by trying like hell not to do all the things that keep average people poor. 99% of the game is just not doing anything that will kill you. Don’t go all-in on penny stocks. Don’t invest in companies you know to be fraudulent. But also… don’t sit on the sidelines and watch the entire bull market happen without you."
this is certainly true. stick to the above and most will end up financially fine, even well. and these rules are not that hard to follow.
but once you master them, the game really begins. what separates the novices from the masters is...
the legends know when to mean reverse, and when to trend follow.
i think this is the essence of a good trader, be a master of both mean reversion and trend following strategies. hold two contradictory ideas and be able to function. flexible, but also firm; up, but also down; left, but also right.
related, on the middle way, there also a similar concept in Chinese call the half/average way. the best translation i could find is https://blog.sina.com.cn/s/blog_4b2c74830101n5c2.html
ok going to drink some water now.
Awesome I'm going to read this. Thank you for sharing.
Really enjoyed reading this - simple but overwhelmingly true. I think about that Eastern vs Western contrast plenty, it’s no wonder eastern ideas have skyrocketed in popularity recently… I think many are burnt out from constant action, busyness, and achievement
Right. Maybe now the pendulum will swing back the other way.
Enjoyed this a lot.
Appreciate you
Great post! So very true!