"Let me tell you something you already know. The world ain’t all sunshine and rainbows. It is a very mean and nasty place and I don’t care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life.
But it ain’t about how hard you hit; it’s about how hard you can get hit, and keep moving forward. It’s how much you can take, and keep moving forward. That’s how winning is done.
Now, if you know what you’re worth, then go out and get what you’re worth. But you gotta be willing to take the hits, and not point fingers and blame other people. Cowards do that and that ain’t you. You’re better than that!"
~Sherlock Holmes:
"When you have eliminated all which is impossible, then whatever remains, however improbable, must be the truth."
~Steve Jobs on topic of death:
"Almost everything--all external expectations, all pride, all fear of embarrassment or failure--these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."
~Dalai Lama:
Man sacrifices his health to make money. Then sacrifices money to recuperate his health. Is so anxious about the future that he doesn't enjoy the present; the result being that he doesn't live in the present or the future; he lives as if he'll never die and then dies having never lived.
~Morgan Housel, Motley Fools "An Investor's Guide to Famouse Last Words":
"You can't afford not to own this stock." As close as it gets to ringing a warning bell at the top of a bubble.
"There's too much uncertainty in the world to be investing right now." As close as it gets to ringing an opportunity bell at the bottom of a bear market.
~Sir John Templeton
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and
die on euphoria. The time of maximum pessimism is the best time to buy, and the
time of maximum optimism is the best time to sell.
"Most investors think quality, as opposed to price, is the determinant of whether something's risky. But high quality assets can be risky, and low quality assets can be safe. It's just a matter of the price paid for them."
"The market can stay irrational longer than the
investor can stay solvent."
~Albert Einstein
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
~Alan Greenspan
Requiring a central bank to print money to increase government's purchasing
power invariably ignites a hyperinflationary firestorm. The result through
history has been toppled governments and severe threats to societal stability.
~Ludwig von Mises
"No very deep knowledge of economics is usually needed for grasping the
immediate effects of a measure; but the task of economics is to foretell the
remoter effects, and so to allow us to avoid such acts as attempt to remedy a
present ill by sowing the seeds of a much greater ill for the future."
~Jean Monnet
"People only accept change in necessity and see
necessity only in crisis."
~Albert Einstein
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
