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The market doesn’t reward you for being right, it rewards you for being profitable.
You have to be able to admit when you’re wrong and get out of a losing position quickly. The worst thing you can do is hold onto a losing trade hoping it will come back.
The market is always right. It doesn’t matter what you think; it matters what the market thinks.
You can’t be afraid to take a loss. The people who are afraid to take a loss are the ones who get killed in this business.
The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. If you can find a trade that has all three of these characteristics, you have found a potential goldmine.
The most important thing is to preserve capital. It’s not about how much you make but rather how much you don’t lose.
You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.
If you want to succeed, you must be willing to take risks and learn from failure.
People don't buy what you do; they buy why you do it.
Your most unhappy customers are your greatest source of learning.
Leadership is not about being in charge. It is about taking care of those in your charge.
In times of change, the ability to adapt quickly becomes your greatest competitive advantage.《The Energy Imperative》
"Leadership is not about being in charge, but about taking care of those in your charge."
The true measure of success is how much you contribute to the progress of society.
To lead in this industry, you must have both vision and execution.
Technology itself is neither good nor bad, it depends on how you use it.
In the semiconductor field, if you stop to rest, you will be surpassed by others.
We believe that a car should not just be a vehicle, but a companion that understands you.