the inner game of tennis by robert gallwey

If you try for too many winners too early, you will lose the game. This kind of setting yields 0% to 5% rates of return for stocks and bonds. Iffy interest rates and inflation and some signs of gross domestic product deceleration are surfacing. The market is your external opponent with many unknowables. The Big Board, like a powerful washing machine, is determined to whiten everything in its rumbling tank. Industry sectors move into and out of phase rapidly. Make a mistake on a stock and it opens down 10%, the going rate. You want someone who at times feels his very skin is bulletproof. Wilson understood the competitive dynamics of the gaming business and hopefully stayed the course.Ĭourage, patience and the tolerance for pain are seldom remarked personality traits of star money managers. I'm not sure whether he enjoyed his trip, but eventually Resorts crumbled as new operators got licensed and built casinos with updated amenities. Wilson's broker kept tracking him with the bad news that Resorts was soaring. Wilson, who was on a round-the-world sabbatical, perceived Resorts as a seedy, plain box reconditioned hotel left over from Atlantic City's hay day in the 1920s. Resorts as a stock soared irrepressibly from single digits to near triple digits.

It ran the only legit crap game on the East Coast for a clientele then starved for action. Bob Wilson, a long-ago retired hedge fund operator, is remembered for shorting tons of Resorts International, the first casino licensed in Atlantic City.

The inner game of tennis by robert gallwey