Quotes About Strategy

Because Rule #11 of a gunfight was: "Always cheat, always win. The only unfair fight is the one you lose." Al-Sîf

The last thing they need is Lieutenant Gorman telling them to lay down suppressing fire with flame units and fall back by squads.

The first rule of gunfights was: "Bring a gun." But the second was: "Bring all of your friends who have guns.

Hope is not a design method.

A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be. —ATTRIBUTED TO WAYNE GRETZKY

Where's the skill in throwing a hook loaded with tempting bait into the general vicinity of lots of perpetually hungry creatures with brains the size of mustard seeds? You might as well go to a playground, scatter Reese's peanut butter cups around, and club to death the first four year old foolish enough to approach, believing innocently that such treats are readily available in nature.

How much of a role does luck play in trading? In the long run, zero. Absolutely zero. I don't think anybody winds up make money in this business because they started out lucky.

If you must play, decide upon three things at the start: the rules of the game, the stakes, and quitting time.

Science is about proving things wrong, it's not about proving things right. What you're trying to do is break your strategy.

Trend trader Larry Hite put it another way: "There are four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose.

Our best trading days are when we don't trade.

These classic Donchian trading rules were first published over 75 years ago: General Guides Beware of acting immediately on

When designing a system, I believe it's important to construct a set of rules that fit more like a mitten than like a glove.

Our job is to systematically sift price data to find trends and act on them and not let the latest news flashes sway our market opinions.46

Keep down your losses—never let them get away from you. Let your profits take care of themselves.'"6

One of the biggest mistakes most investors make is believing they've always got to be doing something . . . the trick in investing is not to lose money . . . the losses will kill you. They ruin your compounding rate; and compounding is the magic of investing.

The aim is to make money, not to be right

You can't be a trader when you're right and an investor when you're wrong. That's how you lose.

Great investors conceptualize problems differently than other investors. These investors don't succeed by accessing better information; they succeed by using the information differently than others." Michael J. Mauboussin,

NBA players made roughly the same percentage of shots from 23 feet as they did from 24. But because the three-point line ran between them, the values of those two shots were radically different. Shot attempts from 23 feet had an average value of 0.76 points, while 24-footers were worth 1.09. This, the Warriors concluded, was an opportunity. By moving back a few inches before shooting, a basketball player could improve his rate of return by 43 percent.41

He pointed out his success comes from having a slight edge and proper betting.

Powerful Leaders plan from the heart; 1st the WHY in their passion, 2nd the HOW it could unfold, 3rd the WHAT wins they will celebrate!

The campaign, on its face, was not designed to win anything.

As Walsh saw it, Steve Bannon was running the Steve Bannon White House, Jared Kushner was running the Michael Bloomberg White House, and Reince Priebus was running the Paul Ryan White House. It was a 1970s video game, the white ball pinging back and forth in the black triangle.