Summarizing Direct Short Length Text

Prompt: summarize the following page into key bullet points: summarize the following page into the most important information:

Output: - Taking profits early is essential and a key principle in the Second Axiom.

- Amateurs in various fields, such as Wall Street and poker, tend to stay too long and suffer losses due to greed.

- Conquering greed through self-control can make someone a better speculator, surpassing 99% of those pursuing wealth.

- Greed is deeply ingrained in human nature and is a challenging trait to overcome.

- Sunday sermons often address greed as a less admirable trait, but they have little effect on eliminating it.

- Conquering greed cannot be achieved by listening to sermons or preaching to oneself.

- The paradox of the Second Axiom lies in the fact that reducing greed enhances the chances of becoming wealthy.

- Greed, as defined in the context of the Second Axiom, refers to excessive acquisitiveness, always desiring more than what is reasonable or losing control of one's desires.

Input: The Second Major Axiom

ON GREED

Always take your profit too soon.

Amateurs on Wall Street do it. Amateurs in poker games do it. Amateurs everywhere

do it. They stay too long and lose.

What makes them do it is greed, and that is what the Second Axiom is about. If you

can conquer greed, that one act of self-control will make you a better speculator

than 99 percent of other men and women who are scrambling after wealth.

But it is a hard act to pull off successfully. Greed is built into the human psyche.

Most of us have it in big amounts. It has probably inspired more Sunday sermons than

any other of our less than laudable traits. The sermons tend to have a despairing

sound, with sighs for periods. The despair stems from the feeling that greed is so

deeply entrenched in our souls that we can no more easily extract it than change the

color of our eyes.

Patently, it cannot be exorcised by sermons. Sermons have never had the slightest

effect against it. You are not likely to conquer it either by listening to other people's

sermons or by preaching at yourself. A more pragmatic and promising course would be

to think about the rich, strange paradox that lies at the heart of the Second Axiom:

by reducing your greed, you improve your chances of getting rich.

Let's pause to define our terms. Greed, in the context of the Second Axiom, means

excessive acquisitiveness: wanting more, more, always more. It means wanting more

than you came in for or more than you have a right to expect. It means losing control

of your desire.