Pradeep Bonde

5m 35s

Master one setup for years — depth over the trading buffet

“You have to trade one setup idea for a long period of time. It takes three to six months to make one setup idea work — sometimes even longer just to get the entry technique right. If I change my setup every day or every week or every month, I never build expertise.”

Jack Schwager

6m

Trading your personality — why fundamentals and technicals can both work

“Fundamental analysis works for Rogers. Technical analysis works for Schwarz. It goes down to being critical that every trader find an approach that works for them — and understand that people with the completely opposite approach can also make it work.”

Pradeep Bonde

5m 18s

A chart is not a setup — catalysts, context, and copying proven methods

“A good chart itself is not a setup. You have to find a chart which is good and there has to be some reason why the stock is going to go up — it might be a theme, a sector, an earnings catalyst — but that particular stock should have a reason to go up.”

Pradeep Bonde

8m 22s

Verify ideas empirically — execution is the actual edge

“Execution is the edge. The difference between somebody who makes a million dollars in a trade versus somebody else is their execution — you can take a generic set of ideas and convert them into highly profitable trades by creating execution edges.”

Charlie Munger

4m 45s

Why economists are always wrong — and the secret to a long happy life

“You don't have a lot of resentment, you don't overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people, and you do what you're supposed to do. All these simple rules work so well — and they're so trite.”

Charlie Munger

5m 4s

China, free trade limits, and why nuclear arsenals make cooperation essential

“I basically believe in trade because I want two countries that have a lot of hydrogen bombs to be trading happily with one another instead of posturing. There's no one country both sides should want to keep friendly more than the other.”

Pradeep Bonde

5m 22s

Singles finance home runs — feedback loops and magnitude vs duration moves

“Your singles allow you to finance your larger trades — if you're dependent on a larger trade and it didn't work out, now you are under pressure. But if you have a combination strategy of singles and home runs, you're not under pressure.”

Warren Buffett

4m 5s

54 years of decisions with no economic forecasts

“We've never said yes to something because we thought the economy was gonna do well in the next year or two years, and we've never said no to anything because we were right in the middle of a panic — even if the price was right.”