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James Sogi Philosopher, Juris Doctor, surfer, trader, investor, musician, black belt, sailor, semi-centenarian. He lives on the mountain in Kona, Hawaii, with his family.

6/20/05
Wooden on Leadership, Reviewed by Jim Sogi

Wooden on Leadership is one of the most profound and insightful books I have read. Though I have never played basketball, this highlights the important lesson that wisdom can come from many different areas, not just your own area of expertise. Wooden lists the basic building blocks of success. Their applicability to trading is clear.

1. Industriousness. Engaged, focused, absorbed activity.
2. Enthusiasm. Eagerness and having your heart in the activity.
3. Self control. Control over emotions and acts.
4. Intentness. Diligence, determination, fortitude, resolve, persistence, patience.
5. Initiative. Failure to act is often the worst failure of all.
6. Alertness. Pay attention. Stay in the game. Be ready for opportunity.
7. Never be satisfied. Work constantly to improve and adapt to change.
8. Poise. Never getting rattled, thrown off or unbalanced.
9. Confidence. The knowledge that your preparation is complete.
10. Condition. Top physical, mental and moral strength is required.
11. Skill. Master the basics.
12. Attention to detail. Small things add up to either success or failure.

c

Jim Sogi, May 2005

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