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OnClose

Registered: Nov 2010
Posts: 386

09-04-12 10:18 PM

http://finance.yahoo.com/news/21-wa...tly.html?page=1

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Wide Tailz

Registered: Sep 2011
Posts: 1515

09-04-12 10:45 PM

"While the masses are fixated on the doing and the immediate results of their actions, the great ones are learning and growing from every experience, whether it's a success or a failure, knowing their true reward is becoming a human success machine that eventually produces outstanding results."

"Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed."

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kjones5159

Registered: Aug 2012
Posts: 134

09-05-12 02:00 AM

Good article.

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Eight

Registered: Mar 2009
Posts: 3352

09-05-12 04:17 AM

Quote from OnClose:

http://finance.yahoo.com/news/21-wa...tly.html?page=1

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halfwaythere

Registered: Aug 2012
Posts: 94

09-05-12 04:29 AM

11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.

Investing successfully in the stock market isn't just about a fancy math formula.

"The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe," Siebold writes.

"This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage."

What about HFT?

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sle

Registered: Apr 2003
Posts: 1609

09-05-12 04:43 AM

This is a load of crap designed to sell this assholes book to wannabe rich. Rich people, just like poor people, are a diverse bunch and they think in a number of ways. An owner of a laundromat chain has little in common with a hedge fund manager, neither in terms mentality nor everyday interest.

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