"Compared with other institutional investors, "families are more adventurous about where they invest their capital," says a managing director at one advisory firm whith a large wealthy client base. "They"re quicker in their decision-making, and sometimes don"t have hard and fast rules like pension funds do."" from: The Private Equity Analyst - March 2004, Quotations...
He was born in an obscure village, the child of a peasant woman. He grew up in still another village, where he worked in a carpenter shop until he was thirty. Then for three years he was an itinerant preacher. He never wrote a book. He never held an office. He never had a family or owned a house. He didn"t go to college. He never visited a big city. He never travelled two hundred miles from...
1. Out of clutter find simplicity. 2. From discord, find harmony. 3. In the middle of difficulty lies opportunity. Wisdom - often falsely attributed to Albert Einstein ("The new quotable Einstein")
The art of investing in public companies is... simply to acquire, at a sensible price, a business with excellent economics and able, honest management. Thereafter you need only monitor whether these qualities are being preserved. Charlie Munger - Vice-Chairman of Berkshire Hathaway (1924-2023), Quotations book 2005
When I look back on my life nowadays, which I sometimes do, what strikes me most forcibly about it is that what seemed at the time most significant and seductive, seems now most futile and absurd. For instance, success in all of its various guises, being known and being praised, ostensible pleasures, like acquiring money … going to and fro in the world and up and down it like Satan. … In...
When I despair, I remember that all through history the way of truth and love has always won. There have been tyrants and murderers and for a time they seem invincible but in the end, they always fall -- Think of it, ALWAYS! Mahatma Gandhi - Indian politician (1869-1948)
I worry about what money might do to my kids. So I have decided to make it very clear that they are not going to get a penny. My wife Trudie and I are heroically trying to spend it all! Sting - born Gordon Matthew Sumner, Rockstar, whose bargain ich estimated to 35 million Euro by "Euro am Sonntag" (b. 1951), Quotations book 2005
Were it left to me to decide whether we should have government without newspapers, or newspapers without government, I should not hesitate a moment to prefer the latter. Thomas Jefferson - American politician, 1801-1909 third president and member of the American Enlightment movement (1743-1826)
The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. flasely attributed to Marcus Tullius Cicero - Roman politician (106-43...
The best way to choose a manager - like the best way to choose a son-in-law - is by character or culture. You should only go with a manager who aims to do what you too intend. Never try to change the way a manager manages. Only hire a manager you really expect to stay with for a very long time - at least 20 years - because the cost to change managers is high. Charley Ellis - American...
It is important that an aim never be defined in terms of activity or methods. It must always relate directly to how life is better for everyone. ... The aim of the system must be clear to everyone in the system. The aim must include plans for the future. The aim is a value judgement. Prof. Dr. William Edwards Deming - founder of Total-Quality-Management TQM (1900-1993)
Most organizations spend all their time looking for the next new management concept rather than following up on what everyone just learned. Dr. Ken Blanchard - American management expert and author (b. 1939), Quotations book 2007
Don"t worry that children never listen to you; worry that they are always watching you. Robert Fulghum - American theologian and author (b. 1937), Quotations book 2007
The fruit of silence is prayer, the fruit of prayer is faith, the fruit of faith is love, the fruit of love is service, the fruit of service is peace. Mother Teresa - born Agnes Gonxha Bojaxhiu, Albanian-born Indian nun and order"s founder, Nobel Peace Prize 1979 (1910-1997), Quotations book 2007
There"s a saying in the British Royal Air Force that investors need to remember: "There are old pilots, and there are bold pilots, but there are no old, bold pilots." Quotations book 2007
Falling isn"t failing unless you don"t get back up. Earl Nightingale - American publisher (1921-1989), Quotations book 2007
It is only occasionally that there is any reason for selling (carefully selected stocks) at all. Philip A. Fisher - Growth-Investor and mentor of Warren Buffett (1907-2004), Quotations book 2007
1. Wealth without work 2. Pleasure without conscience 3. Knowledge without character 4. Commerce without morality 5. Science without humanity 6. Worship without sacrifice 7. Politics without principle Mahatma Gandhi - Indian politician (1869-1948), Quotations book 2007
In the modern corporation the decisive power, that of the managers, is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power. Peter F. Drucker - Austrian-born American Management expert (1909-2005), Quotations book 2007
Always look for a neighbour before you look for a house. Wisdom - Quotations book 2007