In the past two years, every time I encounter a very good quote/lesson, I immediately write it down my one note app so I can re-read it in the future. Since my personal list is starting to get long I figured I might as well share it with you guys. So yeah, hope you enjoy them as much as I did. Cheers! \m/.
•Preferred stocks should be bought on a bargain basis or not at all due to the lack of legal claim from a creditor and a partner perspective - Ben Graham
•Trading capital should be assets -that if lost- won't affect the lifestyle of the trader
•No amount of success outside can compensate with the failure inside the home
•Knowledge is not a monopoly
•Some men see things as they are and ask why, I dream of things that never were and ask why not? - Robert F. Kennedy
•Generals win the battle but it is the people who win the war
•In a number of counselors, there is wisdom
•I'll cross the bridge when I get there
•A model is an approximation of reality
•I don't give a shit what you put there but you have to put this - AAD
•People tend to do a lot and accomplish nothing - Aaron A. Domingo
•Stocks are a better indicator of the economy than the economy is of stocks
•200 day moving average is usually a warning of a more serious market drop
•You have to run to stay in place
•A decision is never really done until an action has been made - Bryan Taan
•Substantial undervaluation to correct itself takes 1.5 to 2.5 years
•Three obstacles to wealth. Fear, Shame, Anger
•Stand in your truth
•The psychology of money is universal
•You need to know when an investment is good for you vs good for the person selling it to you
•Life is short. There is no time to leave important words unsaid.
•Take profits when it feels good.
•Up to this day Buffet is frequently quoted but rarely imitated.
•The public is correct on the trends but is wrong on both ends
•Success has a thousand fathers but failure is an orphan
•"An attitude of 'whatever is convenient' won't accomplish very much, while an attitude of 'whatever it takes' is impossible to hinder."
•Some people dream of success while others wake up and work hard at it
•The problem with liquidity is that it's never there when really needed
•The measure of intelligence is the ability to change
•Talk is cheap
•If you are to panic in markets, panic early, panicking in late is a recipe for disaster
•You're not here to be right, you're here to make money
•When you're right at the wrong time, you're wrong
•When dissaster strikes, the time to prepare has passed
•You can teach a tiger many tricks but you can never make him eat grass
•I create nothing. I own. - Gordon Gekko
•Anybody who knows how much he is worth does not have enough - Enrique Razon
•If you're right in a position, you can never be big enough - George Soros
•Don't be a dick for a tick
•When everyone is saying something is inevitable, think twice
•Where reason ends, faith begins - Ninoy
•Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows neither victory nor defeat. – Theodore Roosevelt.
•You are the average of the 5 people you spend most of your time with. – Jim Rohn
•Failure is an event not a person - Zig Ziglar
•He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By... Directing that industry in such a manner that its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end w/c was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. -Adam Smith
•Your mind doesnt stop on what you dont know, it just makes the best of what you do know
•Most of the great trades are increadibly obvious
•Fundamentals are not about forecasting the weather of tomorrow but rather noticing that it is raining today
•Dont expect a big bull market to end in any rational fashion
•A theory is an attempt to completely and accurately describe some feature of the world
•A model is kind of a symplified picture on how a physical process or systems work
•If a deal is a great deal, they aren’t going to share it with you - Marc Cuban
•Find out what poor people read and don't read them - Jim Rohn
• Don't let your learning become knowledge, you'll become a fool. Let your learning lead to action, you'll become wealthy. - Jim Rohn
• Tomorrow is not a promise
• Diligence is the mother of luck
•Lost time is never found again
•One today is worth two tomorrows
• The good paymaster is the lord of another man's purse
•The road to wealth depends chiefly on industry and frugality; that is waste neither time nor money
•He that can get all he can honestly and saves all he gets(less necessary expences) will certainly become rich
• Markets stop panicking when policy makers start panicking - BofAML
• The market can stay irrational longer than you can stay solvent - John Maynard Keenes
• If you spend more than 14 minutes a year worrying about the market, you've wasted 12 minutes - Peter Lynch
•It's a terrible thing, i think, in life to wait until you're ready. I have this feeling now that actually no one is ever ready to do anything. There is almost no such thing as ready, there is only now. Generally speaking, now is as good a time as any.
•Science of persuasion:
-Reciprocity
-Scarcity
-Authority
-Consistency
-Liking
-Consensus
•I'm very much aware that one day we had a firm, the next day we did not - Dick Fuld, CEO, Lehman Brothers
•If a cluttered desk is a sign of a cluttered mind, of what, then, is an empty desk a sign? - Albert Einstein
•According to psychological fact, when you’re single, all you see are happy couples. When you’re committed, all you see is happy singles
•We get paid for the value we bring in the marketplace - Jim Rohn
•Success is something you attract by the person you become - Jim Rohn
•If you can do better, should you? - Jim Rohn
•A man who has options is a man with power
•You need to create an abundance mentality
•All God does is watch us and kill us when we get boring. We must never, ever be boring - Chuck Palahniuk
•Don't change her mind, change her mood
•A lot of guys simply reject themselves. They don't even give a woman the chance to reject them.
•Things may come to those who wait, but only the things left by those who hustle - Abraham Lincoln
•I want to live my life in such a way that when I get out of bed in the morning the devil says, "aw shit, he's up!" - Steve Maraboli
•Kill them with goodness
•There is only one way to avoid criticism: do nothing, say nothing and be nothing - Aristotle
•A man must do if he respect himself
-he must pay his debts with all the promptness within his power, not purchasing that for w/c he is unable to pay
-He must take care of his family that they may think and speak well of him
-He must make a will of record that, in case the Gods call him, proper and honourable division of his property be accomplished
-He must have compassion upon those who are injured and smitten by misfortune and aid them w/ reasonable limits. He must do deeds of thoughtfulness to those dear to him
•Men of action are favoured by the Goddess of good luck
•I have learned that making a living is different from making a life
•Aim high and work towards your passions but be there for the people who love you
•Truly powerful people don’t explain why they want respect. They simply don’t engage someone who doesn’t give it to them.
•The more independent you are of her, the more interested she will be.
•You can't be wise and in love at the same time
•You can never get enough of what you don't need
•If you want to make money on Wall Street you must have the proper psychological attitude. - Ben Graham
•You must look at things in the aspect of eternity - Graham
•Better a great caution than a great regret
•The quality of your thinking determines the quality of your decision - Brian Tracy
•We're swimming in information and yet we're drowning in the lack of knowledge.
•Where the determination is, the way can be found
•What is critical is to make sure that each trade taken has the potential to realize greatness
•In financial industry, you cannot be arrogant. You will be humbled by the market. - Edward Lee
•You have to see the disparity between reality and perception. If you do this, you will do very well. - Edward Lee
•You'll never get to your destintion if you stop and throw stones at every dog that barks - Winston Churchill
•Most IPOs will burn you. People with more information than you want to sell. Think about that.
•The next recession is never like the last one
•First come the innovators, then come the imitators, then come the idiots - Warren Buffet
•Even in those earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colourful practice of trying to buy them cheap and sell them dear. - Phillip A. Fisher
•Some of us think holding on makes us strong but sometimes it is letting go
•All will come to those who wait patiently
•Don't be totally obsessed by about getting everything right. You don't know what the environment is, hell you don't even know yourself. So I would take some of the pressure off and think about what I wanted to do, what I liked, what I wanted to be in the next 2 or 5 years and suspend your faculty beyond that, coz by then everything will be totally different anyway. The world would have changed and you would have changed. - Lloyd Blankfein, CEO, Goldman Sachs
•You should have vision not goals, because goals get abandoned but vision remains - Jordan Belfort
•Average is death right now - Jordan Belfort
•Risk more than what is necessary - Ramon S. Ang
•The glory that was Greece, the grandeur that was Rome
•In a Bently you drive, in a Rolls Royce, you are driven
•While the gamblers drill for oil, the businessmen refines it - John D. Rockefeller
•Finance is the industry to rule all the other industries - John Piermont Morgan
•Mr. Market is a metaphor in w/c he (Benjamin Graham) describes the stock market as a bipolar business partner that arrives daily w/o fail to quote you a price at w/c he will buy or sell portions of the partnership from or to you, and sure to return again unfazed, if you decline his offers.
•Regardless of the quality and breadth of your information and analysis, the future of any stock is fundamentally uncertain. As a result, you must always account for your inevitable errors in forecasting and valuation by purchasing an investment at a significant discount to its assessed value. You are less likely to lose money if you have paid less money in the first place: you cannot control the future of the investment but you can control the price paid.
•You can have money by accident, you can have a family by accident but you can't have family money by accident
•It is cowardly to want something different but chose to stay comfortable just to be comfortable
•At the end of the day, it's the person
•The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy. To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself. - Sun Tzu
•The rich are often accused of being overly concerned about money. In our experience, It's the poor who spends most time thinking about it. - Jim Rohn
•In an average person the tendency is for expenses to rise and meet the income
•A successful enterprise needs 3 people: The Idea person, a marketer and a pusher
•Any business that care about employee morale is lame, because it becomes self-absorbed like a teenager, it begins to care about itself, its problems and its happiness. It will spend hours worrying about the wrong things, business should be focused outward, towards the people outside it is meant to service. - Family Fortunes
•When you're really buying a good investment, you wonder yourself. - Family Fortunes
•Family money does'nt want to win. It wants to succeed. - Family Fortunes
•Sow a thought, reap an action; sow an action, reap a habit; sow a habit, reap a character; sow a character, reap a destiny. - Chinese Proverb
• The most important thing I learned studying Physics at University is that I know nothing and therefore I have to experiment. - Michael Bigger
• F-U (F*ck You) money is the amount of money you must have such that you wouldn't have to answer to anyone for the rest of your life
•The most common source of destruction was a sense of security
•Giving up is the ultimate tragedy - Robert Danovan
•Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind - Bernard Maruch
•Care about what other people think and you will always be their prisoner - Lau Tzu
•The best fighter is never angry - Lau Tzu
•Fortune favors the bold
•Perseverance is the hard work you do after you get tired of doing the hard work you already did - Newt Gingrich
•A man can only be defeated in two ways, if he gives up or if he dies
•The obvious is obviously wrong - Speros Drelles
•You don't have to be old to be right - Richard reign (Bill Ackman's boss who gave him his best advice)
•Two things define you. Your patience when you have nothing, and your attitude when you have everything.
•Don't be afraid to give up the good for the great. - John D. Rockefeller
•By the time the bull/bear cycle is done 85% will lose money
•Addiction is nothing else but a hunger for love
•You’ll worry less about what people think about you when you realize how seldom they do. - David Foster Wallace
No comments:
Post a Comment