Investment and Life Lessons - Part 10

Here's the PART 10 of our Investment and Life Lessons series. These are the ideas we've gathered from our various readings on business, stocks, economy, money, war, love and life. Our list is getting too long again hence we're sharing it with the Filipino Investors out there for them to learn a thing or two. Cheers!

1. If you want to be great, the very best at what you do, obsession is a necessity
2. I am the problem I will ever have and I am the solution
3. Logic can take you from A to Z but imagination will take you everywhere
4. You don't have to know how. You have to ask, believe and receive
5. A lot of people like to complain but don't do anything about their situation
6. Greatness cannot be achieved without obsession
7. Bad luck disappears when hard work arrives on the scene
8. It’s alright man, we can disagree - Rommel Mampusti
9. The portfolio is designed to be a whole, and that a security-level performance gets clients focused on the wrong result - Dan Egan
10. Over-thinking ruins you. Ruins the situation, twists things around, makes you worry & just makes everything much worse than it actually is
11. The clear thing with democracy is, you don’t always get what you want and you have to live with the result - JJ Atencio
12. You can't tell someone how to feel - Luce
13. Happy are those who take life day by day, complain very little, and are thankful for the little things in life
14. Before you climb the ladder, make sure it’s leading up to the right building
15. In a world where you can be everything, choose to be kind
16. It seems that perfection is attained not when there is nothing more to add, but when there is nothing left to take away - Antoine de Saint Exupery
17. A rock pile ceases to be a rock pile the moment a single man contemplates it, bearing within him the image of the cathedral - Antoine de Saint Exupery
18. Life has taught us that love does not consist in gazing at each other but looking outward together at the same direction - Antoine de Saint Exupery
19. Automation is to your time exactly as compounding interest is to your money
20. ROTI - Return On Time Invested
21. The worried person must lose himself in action
22. For should the enemy strengthen his van, he will weaken his rear; should he strengthen his rear, he will weaken his van; should he strengthen his left, he will weaken his right; should he strengthen his right, he will weaken his left. If he sends reinforcements everywhere, he will everywhere be weak - Art of War
23. We slavishly follow the model. You do whatever it says no matter how smart or dumb you think it is - Jim Simons
24. You don't have to do much math to realize that momentum can easily survive trading costs - Cliff Asness
25. All of us can, but few of us will - illacertus
26. Born a peasant, die a king - illacertus
27. Acta non Verba.
28. Every number is guilty until proven innocent
29. Suicide is a permanent solution to a temporary problem
30. Take shit until you reach the top - illacertus
31. Reality is my drug. The more I have of it, the more power I get and the higher I feel. - 50 Cent
32. Be a master of your universe - The average mind requires a change of environment before he can change his thought. He has to go somewhere or bring into his presence something that will suggest a new line of thinking and feeling. The master mind, however, can change his thought whenever he so desires. A change of scene is not necessary, because such a mind is not controlled from without. A change of scene will not produce a change of thought in the master mind unless he so elects.
33. Be stronger than your strongest excuse
34. The real battle takes place in your mind. If you’re defeated in your thoughts, you’ve already lost. Set your mind up for victory.
35. So, what can I do? I worked. - John Gokongwei
36. This is a game that rewards patience and balance. Think like a man of action and act like a man of thought
37. It always seems impossible until it is done. - Nelson Mandela
38. At the end of the day it’s just advice. Do whatever the fuck you wanna do - Hodge Twins
39. Too many mind. No mind - The Last Samurai
40. If you cannot save money, then the seeds of greatness are not in you - W. Clement Stone
41. Primum non nocere
42. Take care of your health because no amount of money could buy you a new body
43. We were pretty good at it (Fundamental Trading), but it did not seem to be a way to live your life - Jim Simons
44. Losers let it happen. Winners make it happen.
45. It’s ok to look dumb as long as you get what you want - AAD
46. Use your knowledge to advance your cause - AAD
47. Everything you ever wanted is on the other side of fear
48. Sound investment strategies, systematized
49. Most things I worry about never happen anyway - Tom Petty
50. Anything new always appears far sexier than reality - Brent Beshore
51. It is as hard to fake indifference when you are interested as it is to fake interest when you are indifferent - Nasim Taleb
52. Negotiations are won by whoever cares less - Naval Ravikant
53. You don't know how easy this game is until you get into that broadcasting booth - Mickey Mantle quoted by Warren Buffett
54. He who has a ‘why’ to live for, can bear with almost any ‘how’ - Victor Frankl
55. When we are no longer able to change a situation, we are challenged to change ourselves - VF
56. The best investors in the world pursue strategies that suit their skills and emotional strengths. This gives them the “unbelievable ability” to see those strategies through
57. You may delay but time will not - Benjamin Franklin
58. Time is a commodity in short supply - Ben Franklin
59. You without me ain't right - NSync
60. Wake up and make a fortune - Jim Rohn
61. From testimonials and personal experience, we have information to conclude that it is possible to design and build and live an extraordinary life - Jim Rohn
62. No one is more hated than he who speaks the truth - Plato
63. Loyalty is a two-way street. If I'm asking for it from you, then you're getting it from me
64. Success comes to those who do not waste time comparing what they are doing with what others are doing and to those who don't lie to themselves - Paulo Coelho
65. Pacta sunt servanda
66. If you’re afraid — don’t do it;
    if you decide to do it — don’t be afraid
67. The most important valuation call is how you value your time and energy. - Nikki Yu
68. You don't want to dilute your time and energy and your personal equity to people who don't understand your value. - Nikki Yu
69. Always leave the people behind who use you without knowing your worth. - Nikki Yu
70. Never undervalue yourself. - Nikki Yu
71. The art of being wise is knowing what you overlook - William James
72. When you feel overwhelmed, take massive action
73. Having, and sticking to, a true long term perspective is the closest you can come to possessing an investing superpower - Cliff Asness
74. Good things come to those who wait
75. The purpose of arguments and discussions should not be victory, but progress - Joseph Joubert
76. We have two classes of forecasters: Those who don’t know, and those who don’t know they don’t know. - John Kenneth Galbraith
77. In your 20’s, take massive amounts of risks - Knowledge for Men
78. Your true education doesn’t end when you graduate college – it begins.
79. When people say how much they make, they often talk about the gross revenue side of things like “yeah we do 7 figures.” That’s cool and a lot of money, but what are you taking home and putting into your bank. That’s the true test, and the big question that people don’t ask.
80. Most people won’t tell you their net because it’s significantly lower if not embarrassing
81. Comparison is the death of joy – Mark Twain
82. Every adversity contains the seed of an equivalent benefit - Napoleon Hill
83. The amount of adventure, excitement and success in your life is in direct proportion to the amount of risk you take on a consistent basis
84. The biggest eye opener is that death is coming closer to you. That death is an inevitable part of life but you may not realize it because you are so young and it’s mostly been from very distant people to you
85. Think about that for a moment – death is coming closer and closer to you.
    So what are you really scared of now…?
    Is that girl so hard to ask out?
    Is that job so hard to quit?
    Is that business so hard to start?
    Is the thing you’re losing sleep over really such a big deal?
    Stop jerking around, wake up and go live your life.
86. If you know why you’re doing what you’re doing, that’s good enough - Howard Buffett
87. Responsibility is the price of greatness - Winston Churchill
88. “To laugh is to risk appearing a fool.
    To weep is to risk appearing sentimental.
    To reach out to another is to risk involvement.
    To expose feelings is to risk exposing your true self.
    To place your ideas and dreams before a crowd is to risk their loss.
    To love is to risk not being loved in return.
    To hope is to risk pain.
    To try is to risk failure.
    But risks must be taken, because the greatest hazard in life is to risk nothing.”
89. A patient man is always richer than the impatient one, even if the patient man has less money. Because the patient man can always afford to wait. - Jim Rohn
90. Everything comes to those who wait. But it comes sooner to those who hustle while waiting - Thomas Edison
91. ‪Forgive but do not forget, or you will be hurt again.‬ ‪Forgiving changes the perspectives. ‬‪Forgetting loses the lesson. - Paulo Coelho
92. Make progress or make excuses - Michael Jordan
93. Intelligence pushes you toward the idea that complex problems require complex solutions.
94. On average, you can't be beat the average - Cliff Asness
95. Some of the most complex problems require the simplest solutions, since simple solutions are the ones that navigate around – rather than trying to steer through – parts of a problem that are fundamentally unknowable. The brilliance of a dollar cost averaging (KV: Market Neutral, Value Investing) strategy is not that it knows what the market will do next. It’s that it doesn’t need to know for it to work.
96. Example of Intelligent People looking for complex solutions: Robert Weinberg, a brilliant MIT cancer researcher, once explained why people like himself aren’t interested in simple solutions, even when they’re effective. In his own words: - Persuading somebody to quit smoking is a psychological exercise. It has nothing to do with molecules and genes and cells, and so people like me are essentially uninterested in it – in spite of the fact that stopping people from smoking will have vastly more effect on cancer mortality than anything I could hope to do in my own lifetime.
97. The irony of some of our biggest problems is that they have solutions too simple for the people working on them to find intellectually stimulating
98. Albert Einstein, Warren Buffett, and Steve Jobs are all brilliant, but a lot of people are brilliant. What made them famous is their ability to distill complexity into something elegant and simple enough for average people to understand, or even use.
99. The words of truth are simple - Aeschylus
100. We spend a lot of time finding systemic risks, in truth however, it tends to find us - Meg McConnell