25 Inspirational Brendan Moynihan Quotes [2021] Sports Marketing Professional

25 Inspirational Brendan Moynihan Quotes [2021] Sports Marketing Professional

Brendan Moynihan is a Famous Author, Sports Marketing Professional, and Businessman.

Moynihan is an editor-at-large for Bloomberg News and author of "What I Learned Losing a Million Dollars".

He is an Executive Vice President, Consulting and Sponsorship Activation at Sportfive, is an international sports rights marketing agency.

We've put together an incredible collection of Brendan Moynihan quotes to read.

Here they are:


List of Inspiring Brendan Moynihan Quotes

profitable trades” that are missed actually cost zero while poor controls (pick the stop later) or no controls (no stop) will sooner or later cost you a lot of money.

Experience is the worst teacher. It gives the test before giving the lesson.

Personalizing successes sets people up for disastrous failure. They begin to treat the successes totally as a personal reflection of their abilities rather than the result of capitalizing on a good opportunity, being at the right place at the right time, or even being just plain lucky. They think their mere involvement in an undertaking guarantees success.

Man is extremely uncomfortable with uncertainty. To deal with his discomfort, man tends to create a false sense of security by substituting certainty for uncertainty. It becomes the herd instinct.

Smart people learn from their mistakes and wise people learn from somebody else’s mistakes.

A fool must now and then be right by chance.

Speculating is the application of intellectual examination and systematic analysis to the problem of the uncertain future.

On the other hand, a discrete event has a defined ending point, which is characteristic of external losses.

There’s nothing worse than two people who have on the same position talking to each other about the position.

The next step in decision making is establishing controls, i.e., the exit criteria that will take you out of the market either at a profit or loss.

Acknowledging that losses are part of business is one thing; taking and accepting those losses in the markets is something else entirely.

Your exit criteria create a discrete event, ending the position and preventing the continuous process from going on and on.

Drucker’s observation means that the controls should be consistent with the strategy, not that they should be selected after the strategy is implemented.

You must pick the loss side first. Why? Otherwise, after you enter the market everything you look at and hear will be skewed in favor of your position.

Once you specify what price or under what circumstances you would no longer want the position, and specify how much money you are willing to lose, then, and only then, can you start thinking about where to enter the market.

Your plan is a script of what you expect to happen based on your particular method of analysis and provides a clear course of action if it doesn’t happen.

For instance, we lose points for wrong answers on tests in school.

Likewise, when we lose money in the market we think we must have been wrong.

An objective loss is impervious to how you feel about it or react to it. It’s not subject to anyone’s appraisal; it must be accepted without evaluation.

Because people tend to regard loss, wrong, bad, and failure as the same thing, it is little wonder that loss is a dirty word in our vocabulary.

Success can be built upon repeated failures when the failures aren't taken personally; likewise, failure can be built upon repeated successes when the successes are taken personally.

Market positions are either profitable or unprofitable, period.

The truth is that trading, both successful and unsuccessful, is more about psychology than tactics.

Trading is not about discovering a great strategy for making money but rather a matter of learning how to lose.

Rand’s philosophy is called objectivism, coincidentally enough.

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