If you always look to others for confirmation that you are right you will never be self-reliant.
The most successful sailors are those who have a particular mindset in how they deal with the setbacks.
If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.
As an individual investor I have to recognize that I am unlikely to think of something the brains of Wall Street haven’t thought of, or see things the brains of Wall Street have missed, or have insights they don’t possess.
No doubt some qualities are ‘bred in the bone’. But, it also seems some children learn how to be more confident, to have higher executive control and to be more willing to trust experimenters who offer double treats.
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
The personal qualities necessary for success can be nurtured. In time, the personal qualities will fully develop.
What mattered most was confidence in one’s own judgment, from which would flow the Kiplingesque cool to keep one’s head ‘when all about you are losing theirs’