I am out of step with present conditions. When the game is…
“I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand ( although I find it difficult to apply ) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Stresses staying true to proven strategies despite market trends, even if it limits short‑term gains
In simple terms: Stick to known methods even when they seem outdated
Key Takeaway
Maintain disciplined investment approach
Themes
discipline
investment
risk management
Mood
analytical
cautious
Type
business
financial
When to use this quote
- Portfolio management
- financial planning
- career decisions
- entrepreneurship
Key Concepts
Value investing
behavioral finance
Questions to Reflect On
- When should you adapt a strategy versus staying the course?
- How to balance loyalty to known methods with innovation?
A Different Perspective
May miss emerging opportunities by being overly rigid