The message of the Kaizen strategy is that not a day should go by without some kind of improvement being made somewhere in the company.
Analysis Is the Critical Starting Point of Strategic Thinking.
Sell the benefit, not your company or the product. People buy results, not features.
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.
It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
Never try to sell at the top. It isn’t wise. Sell after a reaction if there is no rally.
Unless structure follows strategy, inefficiency results.
Trading decisions should be made as unemotionally as possible.
All failure is failure to adapt, all success is successful adaptation.
Business strategy is the battleplan for a better future.
Extraordinary results are directly determined by how narrow you can make your focus.
Success is built sequentially. It’s one thing at a time.
A vision without a strategy remains an illusion.
Most people don’t plan to fail, they fail to plan.
You can’t get different results by doing things the same way.
The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.
The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.
Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.
Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.
I’m not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making – just the facts.