Jan

30

New Wiswell proverbs

January 30, 2025 |

Some recently discovered proverbs of Tom Wiswell that apply to markets:

1. Often by the time the opening is over what is going to happen in the ending is already happening and cannot be reversed.

2. It isn't only the number of games you win that counts. It's the number of drawn games you don't try to win. In short, don't overplay a slight edge.

3. All the wins and draws must be in your head before they can be at your fingertips (or else how can you beat those who beat you to the price and pay 1/10 of commissions as you - VN).

4. Some players study too much and play too little. Unless you are an isolated player in the country, you should play and study in equal parts. Studying is the planning, play is the doing.

5. Games in commerce are usually won or lost in the first 10 minutes (moves). Have a good plan.

6. Take a writing pad with you and record your game. Go over the games - especially the losses - or you'll surely repeat them.

Tom Wiswell says that the greatest influences on his career were having his father reading Tom Sawyer to him.

Here is the DailySpec archive of Wiswell's proverbs.

Vic's X/twitter feed


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