Inspirational Sea Turtle Quote - Decorative Wooden Sign This MDF sign measures 10.4" in diameter by 3/8" thick. The background is painted a neutral color.
“People have been on earth in our present form for only about 100,000 years, and in so many ways we’re still ironing out our kinks. These turtles we’ve been traveling with, they outrank us in longevity, having earned three more zeros than we. They’ve got one hundred million years of success on their resume, and they’ve learned something about how to survive in the world. And this, I think, is part of it: they have settled upon peaceful career paths, with a stable rhythm. If humans could survive another one hundred million years, I expect we would no longer find ourselves riding bulls. It’s not so much that I think animals have rights; it’s more that I believe humans have hearts and minds- though I’ve yet to see consistent, convincing proof of either. Turtles may seem to lack sense, but they don’t do senseless things. They’re not terribly energetic, yet they do not waste energy… turtles cannot consider what might happen yet nothing turtles do threatens anyone’s future. Turtles don’t think about the next generation, but they risk and provide all they can to ensure that there will be one. Meanwhile, we profess to love our own offspring above all else, yet above all else it is they from whom we daily steal. We cannot learn to be more like turtles, but from turtles we could learn to be more human. That is the wisdom carried within one hundred million years of survival. What turtles could learn from us, I can’t quite imagine.”
― Carl Safina, Voyage of the Turtle: In Pursuit of the Earth's Last Dinosaur
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About 25 years ago, trading guru Richard Dennis reportedly made a bet with his long-time friend and fellow trader, William Eckhardt. Dennis believed that successful trading could be taught. This started a bet between them about whether great traders were born or made. To settle this debate, Dennis recruited and trained 21 men and 2 women, and this became a legendary trading experiment. Hollywood even took the idea and made it into a movie called “Trading Places”.
Dennis trained his Turtles, as he called them, for only two weeks. Then he gave each of them a million dollars of his own money to manage, and turned each one loose on the markets. When his experiment ended five years later, his Turtles reportedly had earned an aggregate profit of $175 million.
Curtis Faith is one of the Turtles. He has written a book about his experiences called Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders.
This book is a great read and here are some fantastic quotes that helps summarize a lot of the key concepts discussed in the book:
Human emotion is both the source of opportunity in trading and the greatest challenge.
Master it and you will succeed.
Ignore it at your peril.
Trade with an edge, manage risk, be consistent, and keep it simple.
The entire Turtle training, and indeed the basis of all successful trading, can be summed up in these four core principles.
Good trading is not about being right, it’s about trading right.
If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades.
Trading with an edge is what separates the professionals from amateurs.
Ignore this and you will be eaten by those who don’t.
Edges are found in the places between the battleground between buyers and sellers.
Your task as a trader is to find those places and wait to see who wins and who loses.
Mature understanding of and respect of risk is the hallmark of the best traders.
They know if you don’t keep an eye of risk, it will set its eye on you.
Ruin is the risk you should be concerned with the most.
It can come like a thief in the night and steal everything if you’re not watching carefully.
Don’t spent all your time admiring the fancy tools in the magazine.
First learn how to use the basic ones well. It’s not the size of your tools that counts but how you use them.
Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time.
Trading with poor methods is like learning to juggle while standing in a rowboat during the storm. Sure, it can be done, but it is much easier to juggle when one is standing on a solid ground.
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.
The market does not care how you feel. It will not prop up your ego or console you when you are down.
Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed.
I always say that you could publish my trading rules in the newspaper and no one will follow them.
The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick with those rules even when things are going bad.
I hope you enjoyed the above quotes and can apply them to your trading. If you did enjoy it, please share it on Facebook or post a comment below.
For more great trading related books check out my recommended reading.
“Not one word was said by Moses or Aaron as to the wickedness of depriving a human being of his liberty. Not a word was said in favor of liberty. Not the slightest intimation that a human being was justly entitled to the product of his own labor. Not a word about the cruelty of masters who would destroy even the babes of slave mothers. It seems to me wonderful that this God did not tell the king of Egypt that no nation could enslave another, without also enslaving itself; that it was impossible to put a chain around the limbs of a slave, without putting manacles upon the brain of the master. Why did he not tell him that a nation founded upon slavery could not stand? Instead of declaring these things, instead of appealing to justice, to mercy and to liberty, he resorted to feats of jugglery. Suppose we wished to make a treaty with a barbarous nation, and the president should employ a sleight-of-hand performer as envoy extraordinary, and instruct him, that when he came into the presence of the savage monarch, he should cast down an umbrella or a walking stick, which would change into a lizard or a turtle; what would we think? Would we not regard such a performance as beneath the dignity even of a president? And what would be our feelings if the savage king sent for his sorcerers and had them perform the same feat? If such things would appear puerile and foolish in the president of a great republic, what shall be said when they were resorted to by the creator of all worlds? How small, how contemptible such a God appears!”
― Robert G. Ingersoll, Some Mistakes of Moses
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The turtle underestimates the value of fast feet. ~ Japanese Proverbs
A wife should be as humble as a lamb, busy as a bee, as beautiful as a bird of paradise and faithful as a turtle dove. ~ Russian Proverbs
The turtle lays thousands of eggs without anyone knowing, but when the hen lays an egg, the whole country is informed. ~ Malay Proverbs
Trusting in wealth is like looking for feathers on turtles. ~ Senegalese Proverbs
A turtle is not proud of his long neck.~ Malian Proverb
Sleepy turtles never catch up with the sunrise. ~ Jamaican Proverbs
A turtle can only get on it by sticking its neck out. ~ Korean Proverbs
Take a walk with a turtle. And behold the world in pause. ~ Bruce Feiler
See the turtle of enormous girth, on his shell he holds the earth. If you want to run and play, come along the beam today. ~ Stephen King
And when you look at the Turtle’s movie there is something there, definitely something there.~ Eddie Campbell
Behold the turtle. He makes progress only when he sticks his neck out.~ James Bryant Conant
If you want play with a turtle, you can’t get it to come out of its shell by prodding and poking it with a stick, you might kill it. Be gentle not harsh, hard or forceful.~ Author Unknown
All the thoughts of a turtle are turtle. ~ Ralph Waldo Emerson
…the world kept turning and the Turtle moved. ~ Terry Pratchett
Anytime you see a turtle up on top of a fence post, you know he had some help.~ Alex Haley
Time is as slow as a turtle. ~ Barbara Park
The Turtle’s teachings are so beautiful. So very special. It teaches us that everything you are, everything you need and everything you bring to the world is inside you, not external, and you carry it with you, and are not limited to a place, space or time.~ Eileen Anglin
Looking for peace is like looking for a turtle with a mustache: You won’t be able to find it. But when your heart is ready, peace will come looking for you. ~ Ajahn Chah
Men who wear turtlenecks look like turtles. ~ Doris Lilly
Watch the turtle. He only moves forward by sticking his neck out. ~ Louis V. Gerstner, Jr.
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