20. The only time to buy these is on a day with no “y” in it.
19. Time is the friend of the wonderful company, the enemy of the mediocre.
18. The investor of today does not profit from yesterday’s growth.
17. If past history was all there was to the game, the richest people would be librarians.
16. You only have to do a few things right in your life so long as you don’t do too many things wrong.
15. I don’t look to jump over 7-foot bars, I look around for 1-foot bars that I can step over.
14. Investors making purchases in an overheated market need to recognise that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
13. It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
12. Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simple jerks with a billion dollars.
11. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
10. Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive then energy devoted to patching leaks.
9. I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abondonng my hope to give new meaning to the phrase “thinking outside the box”.
8. There seems to be some perverse human characteristic that likes to make easy things difficult.
7. Only when the tide goes out do you discover who’s been swimming naked.
6. Risk comes from not knowing what you are doing.
5. If a business does well, the stock eventually follows.
4. A public opinion poll is no substitute for thought.
3. Price is what you pay. Value is what you get.
2. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you will do things differently.
1. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Tuesday, January 19, 2010
Tuesday, April 21, 2009
Friday, March 20, 2009
Do not Quit even if things go wrong!
"When things go wrong, as they sometimes will,
When the road you're trudging seems all uphill,
When the funds are low, and the debts are high,
And when you want to smile,but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don't you quit.
Life is odd with its twists and turns,
As everyone of us sometimes learns
And many a failure turns about,
When he might have won has he stuck it out,
Don't give up through the pace seems slow
You may succeed with another blow.
Success is Failure turned inside out,
The silver tint of the clouds of doubt,
And you never can tell how close you are.
It may be near when it seems so far.
So stick to the fight when you're hardest hit.
It's when things seem worst that you must not quit!
When the road you're trudging seems all uphill,
When the funds are low, and the debts are high,
And when you want to smile,but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don't you quit.
Life is odd with its twists and turns,
As everyone of us sometimes learns
And many a failure turns about,
When he might have won has he stuck it out,
Don't give up through the pace seems slow
You may succeed with another blow.
Success is Failure turned inside out,
The silver tint of the clouds of doubt,
And you never can tell how close you are.
It may be near when it seems so far.
So stick to the fight when you're hardest hit.
It's when things seem worst that you must not quit!
The Crisis of Credit Visualized
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Here is an interesting video I found from another blog I read. This should gave everyone a rough idea of what causes the economic "mess" that we are in.
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