[Citizen Blade]

And through it all, there’s always the “true believers,” usually guys in their late 20s/early 30s who read the Wall Street Journal every single day and desperately want to join the “rich guy club.” Oddly, they’re usually the ones who get ground into dust.

I guess the trick is to get off a particular bandwagon while the getting's good. The true believers aren't cynical or experienced enough to make this move- they think the party will go on forever. It's the ruthless, experienced operators who make sure to sell the investment flavor-of-the-decade at the right time and walk away with a fat nest egg that they use to make even more money in the next boom cycle.

[durasell]

The most successful guys I know on wall street are those who hold no beliefs when it comes to investments. they have no emotional attachment to any particular stock or industry. it’s a boring way to make money, but they seem to make a lot of it.