“Position sizing was 70 to 80% of the game. The reason that struck me is because, first of all, purportedly George Soros made money on fewer than 30% of his trades.”
What Stanley Druckenmiller taught Michael Mauboussin on investing
“Great people have all been criminals in the grand style: crime is inherent in greatness.
They desire the danger - and they will risk the ends and the means to it.”
— Friedrich Nietzsche, The Will to Power
You want to succeed,
but you can’t follow your own rules.
If you can’t control yourself with a small account,
you won’t control yourself with a big one.
Discipline scales. So does chaos.
People are often not influenced by the true facts of a situation; more often, they are influenced by what makes the most vivid impression on their mind.