Trader Vic--Methods of a Wall Street Master Quotes

“The essence of success and happiness results from actualizing your potential, which requires a constant process of learning and growing, as well as the recognition that making mistakes is an inevitable, even essential, part of life.”
― Victor Sperandeo, Trader Vic--Methods of a Wall Street Master

“Learning is, after all, not whether we lose the game, but how we lose and how we've changed because of it and what we take away from it that we never had before to apply to other games. Losing, in a curious way, is winning.
-Richard Bach”
― Victor Sperandeo, Trader Vic--Methods of a Wall Street Master

“the last stage of a bear market "is caused by distress selling of sound securities, regardless of their value, by those who must find a cash market for at least a portion of their assets." The market player who avoids being invested near the top of bull markets-where he can really get hurt in a panic crash-and plays the short side in bear markets can be in the position to take advantage of such distress selling. You might miss the last 10 or even 20% of the gains to be made near bull market tops (while making T-bill yields), but you'll definitely still have
your capital when the time comes to buy value with tremendous upside potential and almost no downside risk. In my view, the way to build wealth is to preserve capital, make consistent profits, and wait patiently for the right opportunity to make extraordinary gains.”
― Victor Sperandeo, Trader Vic--Methods of a Wall Street Master

“good decisions requires the development”
― Victor Sperandeo, Trader Vic--Methods of a Wall Street Master

“If there is one fatal flaw in this business, it is allowing isolated information to drive trading or investing decisions-committing money without understanding all the risks. And there is only one way to understand all the risks: through systematic knowledge.”
― Victor Sperandeo, Trader Vic--Methods of a Wall Street Master