Black Swan quote analysis
The winner stays a winner. a loser might always remain a loser but a winner could be unseated by someone new popping out of nowhere.
When you are a loser you have nothing to lose. However, winners will always have to work hard for their place and stay consistent otherwise someone else who is a harder worker will take their place.
Trading may have princes but nobody stays a king
Nobody will have a 100% success rate in trading without any failures. This also applies to us how we were the king at one point having crazy returns but then lost our place.
The tools of self-exploitation are self-feeding. The powerful will grow more and more powerful furthering the unfairness of the system
All the successful people have become who they are today only through themselves. Not by some sort of magic or special powers. Everything you will need to succeed is in yourself and that’s why the people who go out of the ordinary to use them will continue doing so and become more powerful day by day.
The superstars will always be there
It doesn’t matter if you want to work hard to achieve your dreams or not. There will always be someone there who can take your place so it’s up to you if you want to be that one person or not.
Forget everything you heard in college statistics or probability theory. If you never took such a class even better
Nobody can predict anything and every person is as clueless as the other one when it comes to predicting the future. Never believe any person who says they know what is going to happen in the future.