George Coyle
@gfc4
Co-author with Jack Schwager of forthcoming Market Wizards book due out in mid-2026. Post about trading and secular investment trends.
Reminiscences of a Stock Operator quote of the day: It takes a man a long time to learn all the lessons of all his mistakes
Does this qualify as long-term super pyramiding?
It all began with a quarter billion in bitcoin.
Livermore made the modern equivalent of $1.6 billion without using other people's money (OPM). Granted he also lost it, but has any other individual made as much without OPM since? open.substack.com/pub/triinv/p/j…
Reminiscences of a Stock Operator quote of the day: Early that fall I not only was cleaned out again but I was so sick of the game I could no longer beat that I decided to leave New York and try something else some other place. I had been trading since my fourteenth year. I had…
...international is still underpenetrated. China is still 3% of our business. $LEVI
Reminiscences of a Stock Operator quote of the day: Obviously the thing to do was to be bullish in a bull market and bearish in a bear market. Sounds silly, doesn't it? But I had to grasp that general principle firmly before I saw that to put it into practice really meant to…
Reminiscences of a Stock Operator quote of the day: I recollect Pat Hearne. Ever hear of him? Well, he was a very well-known sporting man and he had an account with us. Clever chap and nervy. He made money in stocks, and that made people ask him for advice. He would never give…
Is it possible to find the monthly returns for the Fidelity Magellan fund during Peter Lynch's time as the manager? Haven't had any luck finding them thus far. Maybe they're in an old book? Thx
Wirehouses…continue to lose share. The regionals are maintaining, but the independent space is where advisers time and time and time again, are choosing to move their practice and that is where we are the leading player. $LPLA
Reminiscences of a Stock Operator quote of the day: My growing paper profit kept reminding me that I was right...
Executive Quote of the Day: ...secular trend of just capital flows into private capital. $RJF
Reminiscences of a Stock Operator quote of the day: ...in starting a movement it is unwise to take on your full line unless you are convinced that conditions are exactly right
Executive Quote of the Day: GenAI doesn't follow rules in a traditional human sense. It's very difficult to give a set of steps and rules and have GenAI follow these rules precisely every time. $PATH
Reminiscences of a Stock Operator quote of the day: The average ticker hound or, as they used to call him, tape-worm goes wrong, I suspect, as much from over-specialization as from anything else.
Reminiscences of a Stock Operator quote of the day: I always made money when I was sure I was right before I began. What beat me was not having brains enough to stick to my own game that is, to play the market only when I was satisfied that precedents favored my play. There is a…
Reminiscences of a Stock Operator quote of the day: I had to pay the usual tuition a good whack per each step forward.
Reminiscences of a Stock Operator quote of the day: My one steadfast prejudice is against being wrong.
Wyckoff: In “Studies in Tape Reading” I suggested trading for daily profits with the object of making a fractional profit over losses, expenses, commissions, etc., on the average, per day. But eventually I found that I could get much better results by operating for the five, ten…
I was rereading Michael Kaufman's Soros biography last night and came across this wild stat. Around 1961, Soros bought 3 acres in Southampton, NY for $15,000 and paid another $28,000 to build a house bringing the total for land and house to $43,000. Per the BLS inflation…