Brilliant Quotes from Warren Buffett
This is the most important thing
"Rule No 1: never lose money; rule No 2: don't forget rule No 1" Source: The Tao of Warren Buffett What a coincidence! My Roller Coaster Ride is about not losing money. Choose sleep over extra profit "I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits." Source: Letter to shareholders, 2008 Beth starved and stressed herself for three years. She often slept less than 5 hours/night. She was haunted by indicators and trading systems in her dreams. Did she get some peaceful sleep? You will find out more from her book My Roller Coaster Ride. |
Be greedy when others are fearful
"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
Source: Letter to shareholders, 2004
Beth has an EXPECTATION VERSUS REALITY section in her book. She also covered how to learn to trade without incurring big expenses.
If Newton had a "Fourth" Law of Motion ...
"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men." If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases."
Source: Letter to shareholders, 2005
Beth believes she has made all the trading mistakes that anyone or everyone can make during her 3-year self-learning journey. She shared them in her book. Less is definitely more!
Don't swing at everything
"The stock market is a so-called-strike game. You don't have to swing at everything - you can wait for your pitch.
The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
Source: The Tao of Warren Buffett via Engineeringnews.com
After reading Beth's book My Roller Coaster Ride, you can tell she was extremely aggressive and scattered everywhere. Until she realized the trading secrets she shared in her book, she was the one yelling and playing at the same time.
Beware when investing turns into speculating
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands."
Source: Letter to shareholders, 2000
Beth can laugh at her stupidity now. There were weeks she did not dare leaving her trade station for minutes .. worried about missing a good signal. She was an evening owl glued to her four trading monitors 24/7. What a relief when she realized the importance of K.I.S.S. and learned how to identify her favorite set-up. Again, she shared her insight and recommendation in her book.
"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
Source: Letter to shareholders, 2004
Beth has an EXPECTATION VERSUS REALITY section in her book. She also covered how to learn to trade without incurring big expenses.
If Newton had a "Fourth" Law of Motion ...
"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men." If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases."
Source: Letter to shareholders, 2005
Beth believes she has made all the trading mistakes that anyone or everyone can make during her 3-year self-learning journey. She shared them in her book. Less is definitely more!
Don't swing at everything
"The stock market is a so-called-strike game. You don't have to swing at everything - you can wait for your pitch.
The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
Source: The Tao of Warren Buffett via Engineeringnews.com
After reading Beth's book My Roller Coaster Ride, you can tell she was extremely aggressive and scattered everywhere. Until she realized the trading secrets she shared in her book, she was the one yelling and playing at the same time.
Beware when investing turns into speculating
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands."
Source: Letter to shareholders, 2000
Beth can laugh at her stupidity now. There were weeks she did not dare leaving her trade station for minutes .. worried about missing a good signal. She was an evening owl glued to her four trading monitors 24/7. What a relief when she realized the importance of K.I.S.S. and learned how to identify her favorite set-up. Again, she shared her insight and recommendation in her book.
EZ Color Trading Academy
A Dream Project on Futures Trading and Investment Discipline
The Fiedler's shared their vision with the dragons at the CBC Dragons' Den TV Show (Season 8, Episode 13). Unfortunately, they're barking up the wrong trees as most of the dragons knew nothing about the Futures market.
The Fiedler's continue looking for a partner or partners to make EZ Color Trading Academy a reality one day. It's the answer to educate the public on how to day trade Futures. Our subscribers will have access to:
EZ Color Trading System – It’s one of the simplest and effective Futures trading systems that Beth designed to learn how to day trade Futures
EZ Color Training Room – Monday to Friday mornings when the market is very active
EZ Color Education Webinars in the afternoons and evenings + occasional Saturdays
Subscribers will get a solid foundation on Futures trading. We will also cover trade and money management. Extremely important if they are serious about capital protection and sensible investment.
The Fiedler's continue looking for a partner or partners to make EZ Color Trading Academy a reality one day. It's the answer to educate the public on how to day trade Futures. Our subscribers will have access to:
EZ Color Trading System – It’s one of the simplest and effective Futures trading systems that Beth designed to learn how to day trade Futures
EZ Color Training Room – Monday to Friday mornings when the market is very active
EZ Color Education Webinars in the afternoons and evenings + occasional Saturdays
Subscribers will get a solid foundation on Futures trading. We will also cover trade and money management. Extremely important if they are serious about capital protection and sensible investment.
The Fiedler's were on the CBC Dragons' Den (Season 8, Episode 13)
22 January 2014 (Wednesday) 8:00 pm EST
Fight or Flight!
It's our dream to enlighten those who want to experience first-hand fear and greed and learn from this interactive program.
~ How do you perform when you're in extremely intense situation?
~ How do you control your emotion when your heart is running crazily fast?
~ How do you manage stress?
~ How well do you cope with fear and greed?
~ How do you perform when you're in extremely intense situation?
~ How do you control your emotion when your heart is running crazily fast?
~ How do you manage stress?
~ How well do you cope with fear and greed?
Copyright (c) 2013 Beth Fiedler. All rights reserved.
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