Quote of the Day

"Gambling and money management are the same. In each the goal should be to spread risk, avoid becoming emotional, and focus on the odds. An investor succeeds by hitting singles and doubles-not by going for the fences. In fact a home run is a sign of a mistake, because it deviates too far from the mean. Vegas taught me I could beat the system with a combination of hard work, ideas that no one has thought of yet, and the ability to tolerate a constant routine that to many people seems monotonous, but to me its the most exciting thing in the world"--Bill Gross