Investing “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” – Warren Buffet
Investing “Advisors can create the best portfolios in the world, but they won’t really matter if the clients don’t stay in them.” – Harry Markowitz
Inspiration “… under conditions of complexity, not only are checklists a help, they are required for success.” – Atul Gawande
Investing “The presence or absence of intrinsic productive capacity that lends itself to rational valuation seems to me the dividing line between investment and speculation” – Nick Murray
Wisdom “Inequality of outcome is inherent in a free economy, which tends to reward the most talented. Since talent is uneqally and arbitrarily distributed, free enterprise and its resulting inequality of outcome are unpalatable {to many}. Yet progress depends on the flourishing of the talented. That means that inequality is truly the midwife of progress.” – Marian L. Tupy
Wisdom “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Mark Twain
Inspiration “What you get by achieving your goals is not as important as what you become by achieving your goals.” – Henry David Thoreau
Wisdom “Intelligent individuals learn from everything and everyone; average people, from their experiences. The stupid already have all the answers. ” – Socrates
Investing “Which is worse, buying at the top or selling at the bottom? For me the answer is easy: the latter. If you buy at what turns out to have been a market top, you’ll suffer a downward fluctuation. But that isn’t cause for concern if the long-term thesis remains intact. And anyway, the enxt top is usually higher than the last top, meaning you’re likely to be ahead eventually. But if you sell at a market bottom, you render the downward fluctuation permanent, and, even more importantly, you get off the escalator of a rising economy and rising markets that has made so many long-term investors rich. This is why I describe selling at the bottom as the cardinal sin in investing.” – Howard Marks
Investing “Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep by him in reserve.” – Ancient Talmud
Wisdom “To become a philosopher king, start with being a king, not being a philosopher.” – Nassim Nicholas Taleb
Investing “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
Wisdom “The young man knows the rules, but the old man knows the exceptions.” – Oliver Wendell Holmes
