One repeats that Tom Wiswell wrote 30 books and he considered the book he was writing of quotations of advice for board players and others the best book he ever wrote although it has not been published. All of his aphorisms are very very good for kids and there are about 500 of them in Edspec.  One I believe that is most important for business is "never get in over your head". Whenever Tom got into a complicated position he'd shake his head and say "I think I'm in over my head. I have to simplify" He never lost for 25 years or so. I've heard that from others in business also. I would be a wealthy man if I followed that advice.

Pitt T. Maner III writes: 

Here is a link to some of Wiswell's proverbs on an older page on Daily Speculations, and here is an interesting site for the chess players with Mr. Davies advice on learning from the strong part way down.





Speak your mind

2 Comments so far

  1. d r dimick on August 31, 2013 2:56 am


    When we spoke about my programming and the complexity of the coding sequences, you instinctively said… “Can you simplify it.”

    That recognition of “in over my head” appears circular relative to a given systematic construction, though it is a linear realization…

    Have you seen any studies or work dedicated to geometric shapes, like the shaping (or correlation) of price action according to metic-based topology?

    One could find that Doc E’s discussion of the system of coordinates is such an example.


  2. Andre Wallin on September 1, 2013 10:52 am

    “You know one of the most difficult things is to observe, to look: to look at anything without the image of that thing, to lookat a cloud without the previous associations with regard to that cloud, to see a flower without the image, the memories, the associations, concerning that flower.” From Spectrum of Consciousness by Ken Wilber

    How often does our memory of what happened in the market affect our observation of the current market?


Resources & Links