Money and Finance
Eric Hoffer quote
Thanks to Daniel for passing this quote along.
"It goes without saying that the fanatic is convinced that the cause he holds on to is monolithic and eternal - a rock of ages. Still, his sense of security is derived from his passionate attachment and not from the excellence of his cause. The fanatic is not really a stickler to principle. He embraces a cause not primarily because of its justness and holiness but because of his desperate need for something to hold on to. Often, indeed, it is his need for passionate attachment which turns every cause he embraces into a holy cause.
The fanatic cannot be weaned away from his cause by an appeal to his reason or moral sense. He fears compromise and cannot be persuaded to qualify the certitude and righteousness of his holy cause. But he finds no difficulty in swinging suddenly and wildly from one holy cause to another. He cannot be convinced but only converted. His passionate attachment is more vital than the quality of the cause to which he is attached."
- Eric Hoffer, The True Believer
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Links
How To Find Intelligent Fanatic CEOs Early (LINK) Culture Eats Strategy: Nucor’s Ken Iverson on Building a Different Kind of Company (LINK) Related book: Plain Talk: Lessons from a Business Maverick Related previous post: The importance...
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Seneca Quote
From Moral letters to Lucilius - Letter 59 (Kindle): We human beings are fettered and weakened by many vices; we have wallowed in them for a long time and it is hard for us to be cleansed. We are not merely defiled; we are dyed by them. But, to refrain...
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Eric Hoffer Videos
Link to videos: Eric Hoffer pt. 1 of 5 Eric Hoffer pt. 2 of 5 Eric Hoffer pt. 3 of 5 Eric Hoffer pt. 4 of 5 Eric Hoffer pt. 5 of 5 ................. Related books: The True Believer: Thoughts on the Nature of Mass Movements Eric Hoffer: An American...
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Eric Hoffer Quote
“When our mode of life is so precarious as to make it patent that we cannot control the circumstances of our existence, we tend to stick to the proven and the familiar. We counteract a deep feeling of insecurity by making of our existence a fixed routine....
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Colm O’shea Quote (implementation, Flexibility, And George Soros)
From the book Hedge Fund Market Wizards: “You need to implement a trade in a way that limits your losses when you are wrong, and you also need to be able to recognize when a trade is wrong. George Soros has the least regret of anyone I have ever met....
Money and Finance