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Some Good Philosophical Quotes to Start the Year

January 9, 2010

Note: Never underestimate the power of the mind or a good concept. Work hard doing something you love doing and try to master it. Don’t be overly optimistic or pessimistic—be positive and realistic.  DV

“It is sad but true that people who subconsciously tell themselves that they are unlucky, unsuccessful, unattractive, etc. actually make those things realities for themselves. On the other hand, people who think they are fortunate, cherished, beautiful, etc. also make these things happen. In sum, your mind can be your worst enemy or your most powerful ally. This will come of no surprise to those of us who trade for a living, but worth pointing out nevertheless.”

Charles D. Kirk, Create a Vision for Your Life http://www.thekirkreport.com/2010/01/create-a-vision-for-your-life.html

“Consider this . . would you want to fly an airplane after watching a few webinars, reading a couple books and attending a seminar or two. Maybe so, but I wouldn’t want to be a passenger. Would you consider performing an appendectomy after watching a few videos on the procedure and attending a workshop on emergency surgical procedures. Sorry, but I wouldn’t want to be that patient. Trading for a living is a on-going learning process and here’s the shocker . . not everyone makes the cut. Forget the TV ads and blog banner ads promising risk free 80% returns in the first month of trading. Forget the slick magazine ads promoting expensive seminars and workshops with “guaranteed” trading success. It isn’t gonna happen. The only people making money on these deals are the seminar promoters.”

Becoming a Trader by BZB http://bzbtrader.blogspot.com/2010/01/becoming-trader.html

“……………but freedom is even more than that. Freedom is the ability to make one’s living by one’s judgment, and not being limited to subsistence through the toil of his or her hands. Freedom is the ability of a single individual sitting right here, right now, at a personal computer, to write words that can be read years later, in faraway lands. Freedom is downloading reams of market data and conducting research that, just years ago, would have taken weeks to complete. Freedom is the ability to see who is bidding, offering, buying, and selling in global marketplaces. It is the unfettered opportunity to participate in the economic vigor of developing nations.
Without freedom, there is no trading. Trading is a celebration of economic and political freedom. Slaves are traded; they do not trade.”

Dr. Brett Steenbarger, What it Means To Be Free, http://traderfeed.blogspot.com/2010/01/what-it-means-to-be-free.html

“My review of individuals who are widely considered to be great within their fields–athletics, science, arts, leadership–finds that they are lean in the same way. They find a field that captures their imagination and interest, and they tinker at it and work with it until they reach a high level of mastery. This constancy of purpose is driven by a love for the effort itself: a chess grandmaster or Olympic athlete seeks out opportunities to meet challenges and become the best they can be.”

Dr. Brett Steenbarger, Blueprint for an Uncompromised Life, http://traderfeed.blogspot.com/2006/06/blueprint-for-uncompromised-life-part.html

5 Comments leave one →
  1. John French permalink
    January 9, 2010 9:26 pm

    Thanks for reminding me of the good Doctor.

    • david varadi permalink*
      January 10, 2010 7:01 pm

      John, we all certainly need to acknowledge the most important part of trading–which is less about understanding the markets and more about understanding ourselves!
      cheers
      dv

  2. larry permalink
    January 10, 2010 12:39 pm

    Hi David

    As always, I continue to find your articles of extraordinarily high quality and very thought provoking. They’ve certainly been a big help to me.

    Reading your missive above and its theme reminded me of Malcolm Gladwell’s book “Outliers”. In order to be good at your craft, you must work at it. Based on some studies, about 10,000 hours worth before you become really good. Although some consider this “pop” science, the truth of it seems obvious. Think Edison’s quote about discovery being 1% inspiration and 99% perspiration. Here’s a link to someone who gives a brief summary of it all, although there are others who probably provide a better in depth review. Enjoy, and thanks again for the articles.
    http://abundance-blog.marelisa-online.com/2008/11/17/outliers-10000-hours-for-success/

    • david varadi permalink*
      January 10, 2010 7:03 pm

      hi larry, thank you very much glad to be of help. I really loved that book and have read many of Gladwell’s pieces. Indeed hard work makes up for a lot. Often even if we know what to do, we need the repetition and the confidence derived from practice to hardwire these skills into our brains to make theory meet reality. Thanks a lot for the link.
      best
      dv

  3. September 16, 2011 2:02 am

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