millionairemind wrote:You know what JL said more than 70yrs ago.
"THE MARKET IS NEVER WRONG, OPINIONS OFTEN ARE"
Ah good old JL.
A pity how he ended up though, what a waste of talent!
millionairemind wrote:You know what JL said more than 70yrs ago.
"THE MARKET IS NEVER WRONG, OPINIONS OFTEN ARE"
greenhoney wrote:but he still died a millionaire right?
Musicwhiz wrote:greenhoney wrote:but he still died a millionaire right?
Nope, a pauper. I read his life story. He won and lost several fortunes. The last fortune he lost, I guess he could not take it. He shot himself in a toilet.......
greenhoney wrote:i am actually half way reading an autobiography of him. from what i have read, JL is truly a remarkable man that gain, then lost and repeating the same cycle over and over again. he seems to understand why he lost each time but it never amazes me how much he doesnt know! while he does a lot of reflection and vows never to repeat the same mistake twice, more often than not he does repeat them. (like listening to other ppl to go long when his tape reading is shouting a short order)
maybe that is life, a cycle that educates and humbles you.
greenhoney wrote:i am actually half way reading an autobiography of him. from what i have read, JL is truly a remarkable man that gain, then lost and repeating the same cycle over and over again. he seems to understand why he lost each time but it never amazes me how much he doesnt know! while he does a lot of reflection and vows never to repeat the same mistake twice, more often than not he does repeat them. (like listening to other ppl to go long when his tape reading is shouting a short order)
maybe that is life, a cycle that educates and humbles you.
Musicwhiz wrote:greenhoney wrote:i am actually half way reading an autobiography of him. from what i have read, JL is truly a remarkable man that gain, then lost and repeating the same cycle over and over again. he seems to understand why he lost each time but it never amazes me how much he doesnt know! while he does a lot of reflection and vows never to repeat the same mistake twice, more often than not he does repeat them. (like listening to other ppl to go long when his tape reading is shouting a short order)
maybe that is life, a cycle that educates and humbles you.
The toughest part is to not repeat the mistakes which you had committed before. Human beings tend to do that, instead of learning from history (e.g. wars). Even for myself, as an investor, it's tough to avoid the same mistakes, which is why I document them on my blog for easy reference.....
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