Jeff Daniels and Bruce Willis teach trading

I watched the films ‘Speed‘ and ‘Bandits‘ over the holidays, always with an eye for trading insights wherever I can find them. The following two quotes are relevant to risk management:

‘Guts’ll get you so far, then they’ll get you killed’ – Jeff Daniels in Speed.

‘One of the things we’d always like to remind ourselves before we went in to any job was ‘expect the unexpected’. Always sounds like good advice , except of course, if you are expecting the unexpected, well then, it isn’t really unexpected anymore, is it, and that leaves you vulnerable to the truly unexpected, because you’re not expecting it.’ – Bruce Willis during the rolling end credits of Bandits

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