Think Differently

July 20, 2021 pwm1

There is a persistent overall tendency for equity to flow from the many to the few.  In the long run, the majority loses. The implication for the trader is that to win you must act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.

—William Eckhardt, mathematician and trader (Image licensed by Penn Wealth) 
Kirkjufellsfoss waterfall and Kirkjufell mountain, Iceland, Europe.

While Eckhardt is talking specifically about trading in the stock market, his words hold true for any entrepreneur or business leader. Members of the herd receive what the herd receives. Chart your own path and you will discover and reap that which the masses will remain oblivious to.

—Mike Hazell

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