My Thoughts On Risk Tolerance, Carl Icahn & Mohnish Pabrai | Guy Spier

[Snippets-of-Mendi]

Thanks so much for sharing. It looks like I accidentally missed the first half last week so I am headed there now to go watch it. 😊

[nonexistent]

Perhaps off topic, but i sometimes feel like doctors are more like bankers than we give them credit for.

[everglades_n_co.]

of 20 yrs of trading life, i realized there are 2 must have elements needed to be successful traders. one is know when to bet with high probability. the other is know when to quit or give up(loss cut) even if you bet with high probability, but fail. only a few came to realize the first one, yet even fewer can do the second. your ego and self-confidence always get in your rationality. they mount especially when you're indulged with yourself after constantly winning the game over time. most of people are not mentally strong enough to get a grip on their own fear & greed. that kind of strength is so rare that you could have it only if you were born with it. hence, the only less than 1% of market participants can enrich themselves in the merciless jungle.

[JuanBattaglia]

So please tell us if you are hedging. Your 13F are 'Holy Word'. Thanks Guy.