1) This year has been difficult for many investors, whether you are a novice or an experienced risk taker.
It would be useful to revisit today's money masters and see how they dealt with gut-wrenching loss.
It always helps renew my ambition. THREAD 👇
2) Paul Tudor Jones lost $10,000 when he was 22, and when he was 25 he lost about $50,000, which was all he had to his name.
3) In 1979, PTJ's fourth year in the business, he lost over 60% of the equity in his clients’ accounts on a single cotton trade that went horribly wrong.
“I am not cut out for this business," he said. "I don’t think I can hack it much longer.”
1) Shortly after I graduated from university, I landed a job as a bank teller in Toronto.
It was, surprisingly enough, one of the best things that happened to me.
2) I was shy growing up. I was always the quiet one among friends.
But as a bank teller I was forced to interact with everyone. This helped me break out of my shell.
3) lt was a small neighbourhood branch with a sociable atmosphere.
The branch manager was Italian, the two personal bankers were Indian and Spanish, the financial advisor was Greek, and my two side-kicks at the till were Irish and Canadian.
1) The ancient Greek philosopher Epictetus said, “Be silent for the most part.”
What did he mean? Allow me to explain.
Thread. 👇
2) On August 29, 1952, the piano virtuoso David Tudor walked onto the stage of the barn-like Maverick Concert Hall on the outskirts of Woodstock in New York.
He sat at the piano, propped up six pages of blank sheet music, closed the keyboard lid, and clicked a stopwatch.
3) Thirty seconds passed.
The audience, a broad cross-section of the city’s classical musical community, waited for something to happen.