Quotes About Strategy

The answer is to draw a line between a businessman's risk and a loss. As traders, we always take businessman's risks, but we may never take a loss greater than this predetermined risk.

To help ensure success, practice defensive money management. A good trader watches his capital as carefully as a professional scuba diver watches his air supply.

It is hard enough to know what the market is going to do; if you don't know what you are going to do, the game is lost.

The New Sell & Sell Short: How to Take Profits, Cut Losses, and Benefit from Price Declines (John Wiley & Sons, 2011).

An intelligent businessman takes only risks that will not put him out of business, even if he makes several mistakes in a row.

Professionals expect prices to fluctuate most of the time, without going anywhere far. They wait until an upside breakout stops reaching new highs or a downside breakout stops making new lows. Then they pounce—fade the breakout (trade against it) and place a protective stop near the latest extreme point. It's a tight stop, and their monetary risk is low, with a big profit potential from prices returning towards the middle of the congestion zone.

but its investments were now much more diverse, and

And then," continued the clerk, "they send those students out at the end of their course and say, 'Go off and use those big words and long sentences to get all the good, high-paying jobs. And once you're in those jobs, always remember to use long sentences to protect your position. If you use long sentences, nobody will dare remove you. That is an important rule that we have worked out.' That is what they say, Mma—I have heard it on very good authority.

The King! I thought him enough of a philosopher to realize that there is no such thing as murder in politics. You know as well as I do, my dear boy, that in politics there are no people, only ideas; no feelings, only interests. In politics, you don't kill a man, you remove an obstacle, that's all.

did what people will do in politics, or on the sea when the wind is against them,—I tacked.

En politique, mon cher, vous le savez comme moi, il n'y a pas d'hommes, mais des idées ; pas de sentiments, mais des intérêts ; en politique, on ne tue pas un homme : on supprime un obstacle, voilà tout.

thought he was philosopher enough to allow that there was no murder in politics. In politics, my dear fellow, you know, as well as I do, there are no men, but ideas—no feelings, but interests; in politics we do not kill a man, we only remove an obstacle, that is all.

You know as well as I do, my dear boy, that in politics there are no people, only ideas; no feelings, only interests. In politics, you don't kill a man, you remove an obstacle, that's all.

to seek a quarrel with a man is a bad method of pleasing the woman who loves that man.

Danglars was one of those calculating men who are born with a pen behind their ear and an inkwell instead of a heart.

If the staff lacks policy guidance against which to test decisions, their decisions will be random.

As you know, you go to war with the army you have. They're not the army you might want or wish to have at a later time.

First rule of politics: you can't win unless you're on the ballot. Second rule: If you run, you may lose. And, if you tie, you do not win.

Don't necessarily avoid sharp edges. Occasionally they are necessary to leadership.

Never crush a man out, thereby making him and his friends permanent enemies of your organization.

When I started out in business, I spent a great deal of time researching every detail that might be pertinent to the deal I was interested in making. I still do the same today. People often comment on how quickly I operate, but the reason I can move quickly is that Ive done the background work first, which no one usually sees. I prepare myself thoroughly, and then when it is time to move ahead, I am ready to sprint.

Sometimes by losing a battle you find a new way to win the war.

People might not think that, but the Republicans have all of the cards. And this is the time to get rid of Obamacare. This is the time to make the great deal.

I do have my ducks in line if I want to do it, but I'd love to see the Republicans pick somebody that was going to win and take over this country and frankly, to use the expression, 'Make America great again.'