Stolen from a blog I read:

Cultures erect enormous temples to what they honor; today the highest building in any American city is often a bank.

Time is Too slow for those who wait,
Too swift for those who fear,
Too long for those who grieve,
Too short for those who rejoice,
But for those who love Time is not.

Henry Van Dyke (1852 – 1933),
American author, educator, and clergyman

Haven’t had any quotes on the blog in awhile. Here’s something from my favorite misanthrope:

Of all forms of caution, caution in love is perhaps the most fatal to true happiness.

Bertrand Russell, a British philosopher, logician, mathematician, historian, pacifist, and social critic.


Escher

“Anyone with average intelligence can learn to trade. This is not rocket science. However, it’s much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. Of the people who can learn the basics, only a small percentage will be successful traders.

If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.”

William Eckhardt, from The New Market Wizards: Conversations with America’s Top Traders