High Goals

University am 12. September 1962 We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills.

John F. Kennedy – American politician, 1961-63 35th president (1917-1963), in his peech at Rice University on September 12th, 1962


The question is not what you look at, but what you see.

Henry David Thoreau – American writer (1817-1862), in his diary, Quotations book 2012

Glorious future

Most things remain to be done. Glorious future.

Ingvar Kamprad – Swedish entrepreneur, founder of IKEA (1926-2018)

Problem solving

A problem well stated is a problem half solved.

attributed to Charles Franklin Kettering – American inventor and head of research at General Motors (1876-1958)


The greatest threat to the future of a successful company is not the competitors or the market or technical developments, but in most cases the internal complacency.

Robert M. Tomasko – American Business Consultant, author and professor at the American University (b. 1948), Quotations book 2014

Watchword 2013

Here we have no lasting city, but we are looking for the city that is to come.

The Bible, Hebrew 13:14 (NRSV) – Quotations book 2013

The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.


Life is short. Spend time with people who give chocolate.

Josh Harcus – American internet entrepreneur (b. 1989), Quotations book 2014

Past and future

We are made wise not by the recollection of our past, but by the responsibility for our future.

George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), from “Back to Methuselah” (1921), Quotations book 2014


It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

Warren Buffett – American value investor, Chairman of Berkshire Heathaway (b. 1930), Quotations book 2013


What sunshine is to flowers, smiles are to humanity.

Sprichwort – published in Frank Leslie`s Sunday Magazine, book 13 (1883)

Satisfied costumers

No one can guarantee you a job other than satisfied customers. That’s the only thing that works. Nothing creates work other than products and services you provide that create satisfied customers.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century, Quotations book 2013


Courage is fear that has said its prayers.

Joyce Meyer – American evangelist (b. 1943), from “I Dare You: Embrace Life with Passion”, chapter 7 (2007)


Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable, should pursue a career in sales, but avoid one in mathematics.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2012


To cure sometimes, to relieve often and to comfort always.

Dr. Edward Livingston Trudeau – Canadian physician, lung specialist (1848-1915), Quotations book 2013


Fame is like a river, that bears up things light and swollen, and drowns things weighty and solid.

Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from his essay “Of Praise” (1612)

Character, commitment, discipline

It was character that got us out of bed, commitment that moved us into action, and discipline that enabled us to follow through.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)


Celui qui veut lire l’avenir doit feuilleter le passé.

attribué à André Malraux – écrivain et homme politique français (1901-1976)


Den lykke Du gjenkjenner ikke med hodet, men med hjertet.

fra Norge

Business model

Our business model derives from our ideas, not the money.

David de Rothschild – French banker, Rothschild & Cie. (b. 1942), on the question, how the Rothschild bank managed tnot to be involved into the financial markets turbulences, Quotations book 2012


I won’t have any money to leave behind. I won’t have the fine and luxurious things of life to leave behind. But I just want to leave a committed life behind…
If I can help somebody as I pass along,
if I can cheer somebody with a word or song,
if I can show somebody he’s travelling wrong,
then my life will not be in vain.

If I can do my duty as a Christian ought,
if I can bring salvation to a world once wrought,
if I can spread the message as the master taught,
then my life will not be in vain.

Martin Luther King jr. – American civil rights activist and pastor, Nobel Peace Prize 1964  (1929-1968), from his sermon “The Drum Major Instinct” from Februaty 4th, 1968, Quotations book 2012


Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2014


The key, I think, is confidence. Confidence and an unshakable belief that it can be done and that you are the one to do it.

Felix Dennis – British publisher and company founder (b. 1947), Quotations book 2011


The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard. I always pose it this way, I say: “Lookit. Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be the world’s worst lover but have everyone think you’re the world’s greatest lover?”

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett’s Management Secrets” (2009), Quotations book 2015


To improve is to change, so to be perfect is to have changed often.

Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), in a congress speech fom january 17th, 1952, Quotations book 2013


Old age is like climbing a mountain. You climb from ledge to ledge. The higher you get, the more tired and breathless you become, but your views become more extensive.

attributed to Ingmar Bergman – Swedish scriptwriter, film and stage director (1918-2007), Quotations book 2013


Ingenium res adversae nudare solent, celare secundae.

Adversity often reveals genius, success conceals it.

Quintus Horatius Flaccus (Horaz) – Roman writer (65-8 B.C.), from “Sermones” 2,8,74 f (c. 40 B.C.), Quotations book 2016


Wise investors recognize that success is a process of continually seeking answers to new questions.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2014

Free of depts

Neither a borrower or lender be,
for loan oft(en) loses both itself and friend,
and borrowing dulls the edge of husbandry.

William Shakespeare – English writer (1564-1616), in “Hamlet”, 1st act, Scene 3 “Polonius”(1603), Zitateheft 2012


Turn your face towards the sun and the shadows will fall behind you.

from Tanzania – Quotations book 2012

The good

Only the good is worth talking about.

Arabic wisdom

Best Investment

The best investment with the least risk and the greatest dividend is giving.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2012

Making better

My job is not to be easy on people. My job is to make them better.

Steve Jobs – American company founder, Apple (1955-2011), Quotations book 2016

Development potential

Inventions have long since reached their limit, and I see no hope for further developments.

Julius Sextus Frontinus – Roman engineer, in 10 A.D., Quotations book 2012


Stay hungry, stay foolish! You´ve got to find what you love.

Steve Jobs – American company founder, Apple (1955-2011), to graduates at Stanford University on June 12th, 2005, Quotations book 2016


We don’t have to be smarter than the rest. We have to be more disciplined than the rest.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2011


Capitalism without failure is like religion without sin.

Allan H. Meltzer – American economist (1928-2017)

La trace de Dieu

Être à l’image de Dieu, ne signifie pas être l’icône de Dieu, mais se trouver dans sa trace.

Emmanuel Lévinas – philosophe et ecrivain français (1906-1995), de “La Trace de l’Autre” (1963), Brochure de citation 2016


There are few, if any, jobs in which ability alone is sufficient. Needed, also, are loyalty, sincerity, enthusiasm and team play.

attributed to William B. Given Jr.  – American entrepreneur: American Brake Shoe Company, Quotations book 2014

External perception

When as a young and unknown man I started to be successful I was referred to as a gambler. My operations increased in scope and volume. Then I was known as a speculator. The sphere of my activities continued to expand and I am presently known as a banker. Actually I have been doing the same thing all the time.

attributed to Sir Ernest Cassel – born in Cologne as Ernst Cassel, British entrepreneur and banker, private financial advisor to king Edward VII. (1852-1921)


Do not seek to follow in the footsteps of the wise men of old; seek what they sought.

Matsuo Basho – Japanese poet (1644-1694)

Dream or Goal?

A dream is just a dream. A goal is a dream with a deadline.

Harvey Mackay – American entrepreneur and author of the 2005 New York Times’ N° 1 bestseller “Swim With The Sharks Without Being Eaten Alive” (b. 1932), Quotations book 2013

Pressure of time

If it weren’t for the last minute, nothing would get done.

Proverb – Quotations book 2012


Success is not final, failure not fatal, it’s the courage to continue that counts.



Amicus certus in re incerta cernitur.

Quintus Ennius – Roman writer (239-169 B.C.), quoted by Marcus Tullius Cicero (Roman politician, 106-43 B.C.) in “Laelius de amicitia” (44 B.C.), Quotations book 2016

Sow and reap

Whatever one sows, that will he also reap.

The Bible, Galatians 6:7 (ESV) – Quotations book 2016


The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.

Steve Jobs – American company founder, Apple (1955-2011), to graduates at Stanford University on June 12th, 2005, Quotations book 2013


There has never been a statue erected to honor a critic.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)

Longterm investment

Enduring wealth comes from owning great companies for a long time.

Company Slogan of Jensen Investment Management – American asset management company


As for property, it is a duty to make money, but only by honourable means; it is a duty also to save it and increase it by care and thrift.

Res autem familiaris quaeri debet iis rebus, a quibus abest turpitudo, conservari autem diligentia et parsimonia, eisdem etiam rebus augeri.

Marcus Tullius Cicero – Roman politician (106-43 B.C.), from “De officiis” (41 B.C.)

Zip it

Don’t open your mouth at your first board meeting.

Brian Joffe – South African company founder: Bidvest Group (b. 1947)

Perseguir los sueños

No es verdad que las personas dejan de perseguir sus sueños porque envejecen, envejecen porque dejan de perseguir sus sueños.

It is not true that people stop pursuing dreams because they grow old, they grow old because they stop pursuing dreams.

Gabriel García Márquez – Columbian writer, Nobel prize in literature 1982 (1927-2014)


People create growth, companies report it.

Brian Joffe – South African company founder: Bidvest Group (b. 1947)


Je ne dis les autres, sinon pour d’autant plus me dire.

I do not say so much of others, but to get a better opportunity to explain myself.

Michel de Montaigne – French writer and philosopher (1533-1592), from “De l’Institution des Enfans”, in the first book of his essays (1580)


Facere docet philosophia, non dicere.

Philosophy teaches us to act, not to speak.

Lucius Annaeus Seneca – Roman philosopher (4 B.C. – 65 A.C.), from “Letters on ethics to Licilius” (“Epistulae morales ad Lucilium”, 63 A.C.)

Achieving collaboratively

Firms come into being in order to enable human beings to achieve collaboratively what they could not achieve alone.

Prof. Morten T. Hansen/Prof. Nitin Nohria – Professor at University of California (b. 196?)/Deacan at Harvard Business School (b. 1962), from “How to Build Collaborative Advantage” (MIT Sloan Management Review, 2004)

Liberty or tyranny

When the people fear the government you have tyranny.
When the government fears the people you have liberty.

John Basil Barnhill – American writer (1864-1929), Quotations book 2012

Product perception

In the factory we make cosmetics; in the store we sell hope.

Charles Haskell Revson – American entrepreneur, founder of Revlon (1906-1975), Quotations book 2014

Learn from mistakes

It’s good to learn from mistakes. It’s better to learn from other people’s mistakes.

Warren Buffett – American Value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2016


If you work just for money, you’ll never make it, but if you love what you’re doing and always put the customer first, success will be yours.

Raymond Albert “Ray” Kroc – American company founder, who was brave enough to switch from a milk shake-machine-agent to a fast food-entreprenaur at the age of 52: McDonald’s Corp. (1902-1984), Quotations book 2016

Do it right

The difference between failure and success is doing a thing nearly right and doing a thing exactly right.

attributed to Edward C. Simmons – American entrepreneur (1839-1920), Quotations book 2012

Don’t give up

Our greatest weakness lies in giving up. The most certain way to succeed is to try just one more time.

Thomas Alva Edison – American inventor (1847-1931)

Return on equity

The primary test of managerial economic performance is the achievement of high earnings rate on equity capital employed.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2011


Well done is better than well said.

Benjamin Franklin – American politician, writer and scientist (1706-1790), from “Poor Richard’s Almanack” (May 1737), Quotations book 2003 + 2014


Face reality, even when doing so is uncomfortable, and communicate candidly, even when doing so may sting.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century

Behave wisely

History teaches us that men and nations behave wisely once they have exhausted all other alternatives.

Abba Eban – born Aubrey Solomon Eban, Irsaeli politician and diplomat (1915-2002), in a speech in London on December 16th, 1970, Quotations book 2012

Act and dream

To accomplish great things, we must dream as well as act.

Pour accomplir des grandes choses il ne suffit pas d’agir il faut rêver..

Anatole France – born Jacques Anatole François Thibault, French poet, Nobel Prize in literature 1921 (1844-1924), in his inaugural speech at the Académie Française on December 24th, 1896


I wish you not a path of devoid of clouds,
nor a life on a bed of roses,
nor that you might never need regret,
nor that you should never feel pain.
No, that is not my wish for you.
My wish for you is:
That you may be brave in times of trial,
when others lay crosses upon your shoulders.
When mountains must be climbed and chasms are to be crossed;
when hope scarce can shine through.
That every gift God gave you might grow along with you.
And let you give the gift of joy to all who care for you.
That you may always have a friend who is worth that name.
Whom you can trust,
and who helps you in times of sadness.
Who will defy the storms of daily life at your side.
One more wish I have for you:
That in every hour of joy and pain you may feel God close to you
This is my wish for you, and all who care for you.
This is my hope for you, now and forever.

Irish blessing – Quotations book 2013


Success is not measured by what we are, but by what we are compared to what we could be. It is not measured by what we have done, but by what we have done compared to what we could have done.

William B. “Bill” Gothard – American author and speaker, founded the Christian “Institute in Basic Life Principles” (b. 1934), Quotations book 2012

Actions speak louder than words

As I grow older, I pay less attention to what men say. I just watch what they do.

attributed to Andrew Carnegie – Scottish-born American steel industrialist (1835-1919), could not be verified by the Carnegie Collection without any doubts, Quotations book 2014

Make use of success

Who rests on the success of a good article, leaves the field open to the competitors for improvements and runs the risk to bore his regular coustumers.

Inge G. Thulin – Swedish manager, Chairman and CEO at 3M (b. 1953)

Investment success

Investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2015


There are many things of which a wise man might wish to be ignorant.

Ralph Waldo Emerson – American writer (1803-1882), from “Demonology” (1877)

Competitive advantage

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2012


If you’re going to buy the best bargains, you have to buy the things that people are selling.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2014


Stocks are much more volatile than the businesses they represent.

attributed to Robert G. Kirby – American investor (1925-2005), Quotations book 2016

Good Shepherd

A good shepherd shears his sheep, he doesn’t flay them.

Tiberius Claudius Nero Caesar – known as Tiberius Iulius Caesar Augustus, Roman politician, 14-37 emperor (42 B.C. – 37 A.C.), quoted in “The Twelve Caesars” by Suetonius (70-140 A.C.), Quotations book 2012


Manger est une nécessité, mais manger intelligemment est un art.

To eat is a necessity, but to eat intelligently is an art.

attributed to François de La Rochefoucauld – French aphorist (1613-1680)


The highest reward for a person’s toil is not what they get for it, but what they become by it.

attributed to John Ruskin – English writer, painter and social philosopher (1819-1900)

Andrew Carnegie’s “Formula for Success”

1. Definiteness of purpose: Direct energy towards achieving your goals.

2. Always have a positive mental attitude.

3. Have faith in your own capabilities.

4. Go the extra mile. Give more service than expected.

5. Take initiative to turn desire into action.

6. Use your imagination to seek new and better ways of doing things.

7. Discipline yourself.

8. Organise your thinking.

9. Learn from your defeats or mistakes.

10. Have undying enthusiasm to achieve.

following Andrew Carnegie – Scottish-born American steel magnate (1835-1919), Quotations book 2016


Golf is a game of luck. The more I practice, the luckier I get.

Proverb in golfing


You ask a baker how he makes bread. You ask a billionaire how he makes money.

Donald J. Trump – American company founder and politician, 2017-2021 45th president (b. 1946), from “Trump: How To Get Rich” (2004), Quotations book 2016


The world will survive. It survived all of people’s stupidities as well as countless changes from Mother Nature and so it will do this time.

James B. “Jim” Rogers – American star investor, business columnist and author (b. 1942), Quotations book 2013


Don’t complain about thorns among the roses, but look for the roses among the thorns.

Proverb – Quotations book 2014

Lifelong Learning

I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy, does that help, particularly when you have a long run ahead of you. Nothing has served me better in my long life than continuous learning.

Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2011

Pray and work

Ora et labora!

Benedict of Nursia – founder of the benedictine order (c. 480-547), motto of the St. Benedict’s order, Quotations book 2012


The best vision is insight.

Malcolm S. Forbes – American publisher, Forbes Magazine (1919-1990)


A goal properly set is halfway reached.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)


Happiness is inward; and so it does not depend on what we have, but on what we are.

Henry J. van Dyke – American writer and reformed priest (1852-1933), from “Joy and Power” (1903)


Ce qui importe ce n’est pas d’ajouter des années à la vie, mais d’ajouter de la vie aux années.

attribué à Alexis Carrel – chirurgien, anatomiste et biologiste français, prix Nobel de physiologie ou médecine 1912 (1873-1944)

The Ten Cannots

You cannot bring about prosperity by discouraging thrift.
You cannot strengthen the weak by weakening the strong.
You cannot help little men by tearing down big men.
You cannot lift the wage earner by pulling down the wage payer.
You cannot help the poor by destroying the rich.
You cannot establish sound security on borrowed money.
You cannot further the brotherhood of man by inciting class hatred.
You cannot keep out of trouble by spending more than you earn.
You cannot build character and courage by destroying men’s initiative and independence.
And you cannot help men permanently by doing for them what they can and should do for themselves.

William H. J. Boetcker – American presbyterian clergyman, born in Hamburg (1873-1962), published 1916


One can sell anything, if it is in fashion. The problem is making it fashionable in the first place.

Ernest Dichter – American social scientist, pioneer of market psychology (1907-1991), Quotations book 2012


If at first you do succeed, quit trying.

Slogan at Berkshire Hathaway, from the essays by Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2012


In the end, all business operations can be reduced to three words, people, product and profits. Unless you’ve got a good team, you can’t do much with the other two.

Lee Iacocca – American entrepreneur, savior of Chrysler (1924-2019), Quotations book 2016

Beauty in things

Beauty in things exists merely in the mind which contemplates them.

David Hume – Scottish philosopher, economist and hisorian (1711-1776), from “Of the Standard of Taste” (1757), Quotations book 2014

Small and big

The strength to decide big matters comes from a continuous reflection upon the small matters.

Gerd Bucerius – German publisher (1906-1995), Quotations book 2005 + 2011


The best bargains are not stocks whose prices are down most, but rather those stocks having the lowest prices in relation to possible earning power of future years.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2011


Great leaders are almost always great simplifiers.

Colin Powell – American general and politician, 2001-05 Secretary of state (b. 1937), Quotations book 2012


A smooth sea never made a skilled mariner.



Men argue; nature acts.

Voltaire – born François Marie Arouet, French philosopher and writer (1694-1778), Quotations book 2012


Friends are those rare people who ask how you are and then wait for the answer.

Wisdom – Quotations book 2016

Try on

You fail if you don’t try. If you try and you fail, yes, you’ll have a few articles saying you’ve failed at something. But if you look at the history of American entrepreneurs, one thing I do know about them: An awful lot of them have tried things and failed in the past and gone on to great things.

Sir Richard Branson – British company founder (Virgin) and adventurer (b. 1950), Quotations book 2016

Best wishes

May you have enough happiness to make you sweet,
enough trials to make you strong,
enough sorrow to keep you human,
enough hope to make you happy.

Wish, Quotations book 2013


A wise man will make more opportunities than he finds.

Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from his essay “Of Adversity” (1625)

What instead of how

Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.

George Smith Patton – American general (1885-1945), Quotations book 2013

On time

Nine out of ten decisions are wrong only because they were made too late.

Business wisdom, falsely attributed to Tom Peters – American author and consultant (b. 1942)

Parable of the rich peasant

And he told them this parable: The ground of a certain rich man produced a good crop. He thought to himself, ‘What shall I do? I have no place to store my crops.’ Then he said, ‘This is what I’ll do. I will tear down my barns and build bigger ones, and there I will store all my grain and my goods. And I’ll say to myself, You have plenty of good things laid up for many years. Take life easy; eat, drink and be merry.’ But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’ This is how it will be with anyone who stores up things for himself but is not rich towards God.

The Bible, Lucas 12, 16-21 (NIV) – Quotations book 2013

Second thought

Writing is the art of the second thought.

René J. Cappon – American author and journalist (1924-2007), Quotattions book 2014

Secret of success

Many people carefully avoid discovering the secret of success because deep down they suspect the secret may be hard work.

John L. Mason – American clergyman, speaker and author (b. 1955)


As our business grows, it becomes increasingly necessary to delegate responsibility and to encourage men and women to exercise their initiative. This requires considerable tolerance. Those men and women to whom we delegate authority and responsibility, if they are good people, are going to want to do their jobs in their own way.

Mistakes will be made. But if a person is essentially right, the mistakes he or she makes are not as serious as the mistakes management will make if it undertakes to tell those in authority exactly how they have to do their jobs.

Management that is destructively critical when mistakes are made kills initiative. And it´s essential that we have people with initiative, if we are to continue to grow.

William L. McKnight – American entrepreneur and philanthropist, who made 3M to a global concern with this attitude (1887-1978), Quotations book 2013


Celui qui se juge trop important pour de petits travaux est souvent trop petit pour les travaux importants.

attribué à Jacques Tati – né Jacques Tatischeff, réalisateur et acteur français (1907-1982)


As we look ahead into the next century, leaders will be those who empower others.

attributed to William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955)

Measure of success

The measure of success is not whether you have a tough problem to deal with, but whether it’s the same problem you had last year.

attributed to John Foster Dulles – American politician, 1953-59 Secretary of State (1888-1959)

Common things

he true wisdom of life consists in seeing the extraordinary in the common.

Pearl S. Buck – American writer, Nobel Prize in literature 1938 (1892-1973), Quotations book 2013


Life’s blows cannot break a person whose spirit is warmed at the fire of enthusiasm.

Norman Vincent Peale – American clergyman and author (1898-1993), in “Positive thinking for a time like this” (1975), Quotations book 2012


We would accomplish many more things if we did not think of them as impossible.

Chrétien-Guillaume de Lamoignon de Malesherbes – French politician and minister (1721-1794), from”Pensées et Maximes” (1802), Quotations book 2013

Learning from love

In order to be a jazz musician, you have to listen and listen and listen to a lot of jazz. And that’s an act of love. You don’t think, I’m listening to study it. You just listen because you love it. And you love it, and love it … and gradually, you learn.

Woody Allen – American director and actor (b. 1935), from an interview with Stig Björkman, published in “Woody Allen on Woody Allen” (1993), Quotations book 2016


Control your destiny or someone else will.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


You miss 100% of the shots you don’t take.

Wayne Gretzky – Canadian ice hockey player and coach (b. 1961)

Start walking

Don’t wait for the light at the end of the tunnel.
Stride down there… and light the thing yourself.

attributed to Sara Hamilton – Australian cattle breeder and author (1936-2005), Quotations book 2011


Liberty is not the power of doing what we like, but the right of being able to do what we ought.

John Emerich Edward Dalberg-Acton, 1st Baron Acton – English historian, liberal catholic and journalist (1834-1904), Quotations book 2013


Deus est aliquid quo nihil maius cogitatur potest.

Anselm of Canterbury – medieval Christian theologian, founder of scholastik (c. 1033-1109), from “Proslogion” (1077/78)

Hold on

No one would have crossed the ocean if he could have gotten off the ship in the storm.

Charles Franklin Kettering – American inventor and head of research at General Motors (1876-1958), Quotations book 2007 und 2014

Stay together

The family that prays together stays together.

Al Scalpone – American author and scriptwriter (1913-2000), Quotations book 2013


The pursuit of commerce reconciles nations, calms wars, strengthens peace, and commutes the private good of individuals into the common benefit of all. (…)
Commerce penetrates the secret places of the world, approaches shores unseen, explores fearful wildernesses, and in tongues unknown…carries on the trade of mankind.

Hugh of St. Victor – Christian medieval theologian  (1096-1141), from “Didascalicon” (c. 1128), Quotations book 2013


With each investment you make, you should have the courage and the conviction to place at least 10 per cent of your net worth in that stock.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2015


The higher the pay in enjoyment the worker gets out of it, the higher shall be his pay in cash, also.

Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “A Connecticut Yankee in King Arthur`s Court” (1889), Chapter XXVIII, Quotations book 2013


Courage doesn’t always roar. Sometimes courage is the quiet voice at the end of the day that says: I’ll try again tomorrow.

Mary Anne Radmacher – American writer, artist and speaker (b. 1957)

Faith is

Faith is to hold on to the fact that the seemingly unanswered prayer of many years is no futile routine, but a means through which God reaches his great eternal objectives – in due course.

Dr. Pamela Reeve – American theologian, Multnomah University (1916-2013)

Doing the right

Do what is right not what is easy.

Slogan by Mylan Inc. – Quotations book 2014


The value of an idea lies in the using of it.

attributed to Thomas Alva Edison – American inventor (1847-1931)

Values for success

– Done is better than perfect.
– Move fast and break things.
– The riskiest thing is to take no risks.
– Focus on solving the most important problems.
– Focus every day on how to build real value.
– Act – don’t talk!

Mark Zuckerberg – American company founder, facebook (b. 1984), from a letter to his investors about his “Rules for Success” (2012), Quotations book 2016


If you can’t feed 100 people, then feed just one.

Wisdom, often attributed to Mother Teresa – born Agnes Gonxha Bojaxhiu, Albanian-born Indian nun and order’s founder, Nobel Peace Prize (1910-1997), could not be verified by the Mother Teresa Center, Quotations book 2013


There are only two ways to handle tense situations: you can change them, or you can change the way you look at them. There is enlightenment to be had in changing the way you look at things.

Paul Wilson – Australian author and expert on stress management (b. 1949), Quotations book 2013


The past cannot be changed. The future is still in your power.

Hugh White – American lawyer, businessman and politician (1798-1870)

A question of attitude

You don’t want to be in business with people who need a contract to be motivated to perform.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett’s Management Secrets” (2009), Quotations book 2012


Be kind, for everyone you meet is fighting a hard battle.

attributed to Plato – Greek philosopher (c. 428-348 B.C.), Quotations book 2012


Great works are performed, not by strength, but by perseverance.

Samuel Johnson – English writer (1709-1784), from “The history of Rasselas, Prince of Abessinia” (1759), Quotations book 2012


Always forgive your enemies; nothing annoys them so much.

often attributed to Oscar Wilde – Irish writer (1854-1900), couls not be verified in his writings, Quotations book 2012


Ideas that have great results are always simple ones.

Leo N. Tolstoy – Russian writer (1828-1910), from “War and peace” (1869), Quotations book 2012


The beautiful thing about learning is nobody can take it away from you.

attributed to B.B. King – American blues musician (1925-2015), Quotations book 2011

Hatch or go bad

It may be hard for an egg to turn into a bird: it would be a jolly sight harder for a bird to learn to fly while remaining an egg. We are like eggs at present. And you cannot go on indefinitely being just an ordinary, decent egg. We must be hatched or go bad.

C. S. Lewis – British writer (1898-1963), from “Mere Christianity” (1952), Quotations book 2016

La pensée

Notre tête est ronde pour permettre à la pensée de changer de direction.

Francis Picabia – peintre, graphiste et écrivain français (1879-1953), Brochure de citation 2013

Leader and boss

People ask the difference between a leader and a boss. The leader leads, and the boss drives.

Theodore Roosevelt – American politician, 1901-09 26th president, Nobel Peace Prize 1906 (1858-1919), from his speech in Birmingham, New York, on October 24th, 1910


A setback is a setup for a comeback.

Dr. Robert H. Schuller – American evangelist and reformed priest (1926-2015), Quotations book 2012

World’s value

The ordinary gives the world its existence, the extraordinary its value.

attributed to Oscar Wilde – Irish writer (1854-1900), Quotations book 2016


There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.

Slogan from Ronald W. Reagan – American politician, 1981-89 40th president (1911-2004), goes back to an entry of Jesuit Father Strickland’s diary in 1863, Quotations book 2014


The highest Test of the civilization of any race is in its willingness to extend a helping hand to the less fortunate. A, race like an individual, lifts itself up by lifting others up.

Booker T. Washington – American educator, social reformer and civil rights activist (1856-1915), Quotations book 2011

Let go

Creativity requires the courage to tolerate insecurity.

attributed to Erich Fromm – German-born American psychoanalyst (1900-1980), Quotations book 2013


Ability is nothing without opportunity.

attributed to Napoleon Bonaparte – French general and 1804-14 emperor (1769-1821)


The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

Ludwig von Mises – Austrian economist (1881-1973), from “Economic Policy; Thoughts for Today and Tomorrow” (1979)

The great

Don’t be afraid to give up the good and go for the great.

Wisdom, often attributed to John D. Rockefeller – American oil magnate, sundays school teacher at at his time richest man of the world (1839-1937)

The Lord is on you

May the Lord go before you to lead you,
May the Lord go behind you to protect you,
May the Lord go beneath you to support you,
May the Lord go above you to bless you,
May the Lord be within you to help you rightly serve him in body, soul and spirit
and sanctify his name.

May the triune God bless you,
Father, Son and Holy Spirit.




Opportunity is missed by most people because it is dressed in overalls and looks like work.

Thomas Alva Edison – American inventor (1847-1931)


If you go looking for a friend, you’re going to find they’re scarce. If you go out to be a friend, you’ll find them everywhere.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)


I’ve always found that the speed of the boss is the speed of the team.

Lee Iacocca – American entrepreneur, savior of Chrysler (1924-2019)


However beautiful the strategy, you should occasionally look at the results.

often attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953(1874-1965), could not be verified by his writings, Quotations book 2011


If I knew what my five best ideas were, that is all i would own.

Jean-Marie Eveillard – French stox investor (*1940)


Test everything. Hold on to the good.

Paul – The Bible, 1st Thessalonians 5:21 (NIV), Quotations book 2011


The Romans built strong bridges because their architects had to stand under them as the army crossed them for the first time.

Prem Watsa – Canadian investor, chairman and founder of Fairfax Financial Holdings (b. 1950), in an interview with “Financial Post”, December 1st, 2009, Quotations book 2011

Sit and think

We both insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. So Warren and I do more reading and thinking and less doing than most people in business. We do that because we like that kind of life. But we´ve turned that quirk into a positive outcome for ourselves.

Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2013

Keep at it

I have not failed 10,000 times; I’ve successfully found 10,000 ways that will not work.

Thomas Alva Edison – American inventor (1847-1931), Quotations book 2011

Give and take

You can have everything in life you want, if you will just help enough other people get what they want.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2014


The best performance is produced by a person, not a committee.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2014

Be yourself

Det Store er ikke at være Dette eller Hiint, men at være sig selv.

The greatness is not to be this or that but to be oneself.

Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark; from “Either – Or. A Life Fragment” (1843), Quotations book 2016

Manage and invest

There’s really a lot of overlap between managing and investing. Being a manager has made me a better investor, and being an investor has made me a better manager.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett’s Managment Secrets” (2009), Quotations book 2012

Press coverage

Don’t pay any attention to what they write about you. Just measure it in inches.

Andy Warhol – American artist (1928-1987), Quotations book 2013

Big jobs

Big jobs generally go to men who prove their ability to outgrow smaller jobs.

American proverb

Made for love

I think that because this is a moral universe, then right will prevail, goodness will prevail, compassion will prevail, laughter will prevail, love, caring, sharing will prevail. Because we are made for goodness. We are made for love.

Desmond Tutu – South African anglican clergyman, 1986-96 Archbishop of the archdiocese Cape Town, Nobel Peace Prize 1984 (b. 1931), Quotations book 2013

Copyright by Desmond Tutu, used with permission of the Desmond and Leah Tutu Legacy Foundation, all rights reserved.


Quomodo fabula, sic vita: non quam diu, sed quam bene acta sit, refert.

Lucius Annaeus Seneca – Roman philosopher (4 B.C.-65 A.C.), from “Epistulae morales ad Lucilium”, letter 77 (June 64)


Christians, like snowflakes, are fail,
but when they stick together they can stop traffic.

Dr. Vance Havner – American pastor and author (1901-1986)


My success ties with three words: work, work, work.

Baron Albert Frère – Belgian financier (1926-2018), from an interview in “Finanz und Wirtschaft” (August 9th, 2006), Quotations book 2011


Happiness is a perfume that one cannot shed over another without a few drops falling on oneself.

American proverb

Doing jobs

The best job goes to the person who can get it done without passing the buck or coming back with excuses.

Napoleon Hill – American writer: “Think And Grow Rich” (1883-1970)


Les médecins qui vont le mieux: ses succès là-bas, et de leurs échecs sont enterrés.

attribué à Jacques Tati – né Jacques Tatischeff, réalisateur et acteur français (1907-1982)


There is enough for everybody’s need, but not for everybody’s greed. If everybody shares enough, everybody has enough.

Dr. Frank Buchman – American theologian, founder of the Moral Re-Armament (MRA) (1878-1961), Quotations book 2011

Management questions

What is our Mission?
Who is our customer?
What does the customer value?
What are the results?
What is our plan?

Peter F. Drucker – Austrian-born American management expert (1909-2005), from “The Five Most Important Questions You Will Ever Ask Your Organization” (2008), Quotations book 2011


The ordinary acts we practice every day at home are of more importance to the soul than their simplicity might suggest.

attributed to Thomas More – English politician and humanistic writer (1478-1535), Quotations book 2013


People don’t buy for logical reasons. They buy for emotional reasons.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)


The most successful person is usually the one with the best information.

Benjamin Disraeli – English writer and politician, 1868 and 1874-80 Prime Minister (1804-1881), Quotations book 2013

Trust instead of diversification

As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence… One’s knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

John Maynard Keynes – British economist and investor (1883-1946), in a letter to Francis Scott, Chairman of Provincial Insurance on August 15th, 1934, Quotations book 2012

As Keynes’ assets were only £ 7,815 at the end of 1929, they reached their height with £ 506,522 in 1936. In the subsequent stock market crisis the assets collapsed to about £ 200,000. At the end of 1945 his assets were £ 411,238, which converted to current conditions would approximate € 22 million.


Miracles are not contrary to nature only contrary to what we know about nature.

in the style of Augustine of Hippo – known as Aurelius Augustinus, early Christian theologian and philosopher, one of the four Latin Doctors of Church (354-430), Quotations book 2012


To be better than the market, you have to sell what others are buying and the other way around.

Dr. J. B. Mark Mobius – American portfolio manager, pioneer in emerging-market investing, known as “Grand Master of Asian stocks” (b. 1936), Quotations book 2016

Look forward

The longer you can look back, the farther you can look forward.

Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), from “Maxims”, March 2nd, 1944 Royal College of Physicians, London, Quotations book 2012


An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive Advantage.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century, Quotations book 2014

The seven national crimes

I don’t think.
I don’t know.
I don’t care.
I am too busy.
I leave well enough alone.
I have no time to read and find out.
I am not interested.

William H. J. Boetcker – American presbyterian clergyman, born in Hamburg (1873-1962), published 1916


We are all in the gutter, but some of us are looking at the stars.

Oscar Wilde – Irish writer (1854-1900), from “Lady Windermere’s Fan: A Play About a Good Woman” (1892)

New paths

It is better to stumble on new paths than to make no headway on the old tracks.

Jochen Mariss – German author, photographer and designer (b. 1955)

Secret of success

The secret of success is to do the common things uncommonly well.

attributed to John D. Rockefeller Jr. – American philanthropist (1874-1960)


If you don’t have a competitive advantage, don’t compete.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


Tell me, and I will hear;
show me, and I will remember;
involve me, and I will care.

Wisdom – Quotations book 2013


When inspiration does not come to me, I go halfway to meet it.

attributed to Dr. Sigmund Freud – Austrian neurologist, psychologist and religion critic, founder of psychoanalysis (1856-1939), Quotations book 2016


You are not born a winner. You are not born a loser. You are born a chooser.



There is no power on earth like unconditional love. If you offer that to your child you’re 90 percent of the way home. There may be days when you don’t feel like it – it’s not uncritical love; that’s a different animal – but to know you can always come back, that is huge in life. That takes you a long, long way. And I would say that every parent out there that can extend that to their child at an early age, it’s going to make for a better human being.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the Allen & Company Conference 2010 in Sun Valley, Idaho, Quotations book 2014

Truth wins

Lies run sprints but the truth runs marathons.

Michael Jackson – American musician and singer (1958-2009), Quotations book 2013


Quality means doing the right thing, when no one is watching.

Wilhelm K. Meurer – German-born Canadian businessman, aphorisat and publicist (1934-2018), Quotations book 2014


Work is personal commitment, but no burden.

Patrizio Bertelli – Italian entrepreneur (Prada, b. 1946)

God’s gifts

For God has not given us the spirit of fear; but of power, and of love, and of a sound mind.

The Bible, 2 Timotheus 1:7 (KJV) – Quotations book 2012


You don’t have to be great to start, but you have to start to be great.

Joe Sabah – American motivational speaker (b. 1931)


Le bonheur est de connaître ses limites et de les aimer.

Romain Rolland – écrivain et pacifiste français, prix Nobel de littérature 1915 (1866-1944), de “Jean-Christophe: La Nouvelle Journée” (1912)


Life consists not in holding good cards but in playing those you hold well.

attributed to Josh Billings – born Henry Wheeler Shaw, American Humor writer (1818-1885), Quotations book 2011


You must, therefore, live with your enemies, as you cannot always live with your friends.

Alexis de Tocqueville – French publisher and politician (1805-1859), from a letter to Eugène Stoffels, September 16th, 1823, Quotations book 2011

Front page test

When you get out of bed in the morning and think about what you want to do that day, ask yourself whether you’d like others to read about it on the front page of tomorrow’s newspaper.
You’ll probably do things a little differently if you keep that in mind.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2015

La prima felicità

La prima felicità di un fanciullo è il sapere di essere amato.

Don Giovanni Melchiore Bosco – presbitero cattolica e pedagogo italiano (1815-1888)

Justice and taxes

A king gives stability to the land by justice;
but one who imposes heavy taxes tears it down.

The Bible, Proverbs 29:4 (CEB) – Quotations book 2013


Courage is not the absence of fear, but rather the judgement that something else is more important than one’s fear. The timid presume it is the lack of fear that allows the brave to act when the timid do not. But to take action when one is not afraid is easy. To refrain when afraid is also easy. To take action regardless of fear is brave.

Ambrose Hollingworth Redmoon – born James Neil Hollingworth, American hippie and music manager (1933-1996), Quotations book 2011

Key to success

The key to success is not information, it’s people.

Lee Iacocca – American entrepreneur, savior of Chrysler (1924-2019)

Leaving trails

I will not follow where the path may lead, but I will go where there is no path, and I will leave a trail.

Muriel Strode – American poet (1875-1964), from “My Little Book of Prayer” (1904)

Self directed

The hourly wages are in fact four times higher in Denmark, but our employees there are four times as productive as their colleagues in Hungary and the Czech Republic as well. Labour costs only make up one third of the production costs. In Billund for example we need only one executive for 80 employees because they are highly qualified and can lead themselves.

Jørgen Vig Knudstorp – Danish manager, LEGO (b. 1968), Quotations book 2012


Let no one bewail his poverty, for the universal Kingdom has been revealed.
Let no one weep for his iniquities, for pardon has shown forth from the grave.
Let no one fear death, for the Saviour’s death has set us free.

Johan Chrysostom – born Johan of Antioch, Greek Doctor of Church, 398-407 Archbishof of Constantinopel (344 or 349-407), from his easter Sermon, Quotations book 2016


There is no elevator to success. You’ll have to use the stairs.



Two are better than one, because they have a good return for their labor. If either of them falls down, one can help the other up.

The Bible, Ecclesiastes 4:9-10 (NIV) – Quotations book 2016


Il semble que la perfection soit atteinte non quand il n´y a plus rien à ajouter, mais quand il n´y a plus rien à retrancher.

Antoine de Saint-Exupéry – écrivain, et aviateur français (1900-1944), de “Terre des Hommes” (1939), Brochure de citation 2012

Perfection is attained not when there is nothing more to add, but when there is nothing more to remove.

Antoine de Saint-Exupéry – French writer and aviator (1900-1944), from “Terre des Hommes” (1939), Quotations book 2012

Good tax

There is no such thing as a good tax. Some are better than others, some are worse. But there is no such thing as a good tax. All taxes are at best necessary evils and burdens.

Thomas P. Gore – American senator, ralated to former US Vice President and Nobel Peace Prize laureate Al Gore (1870-1949)


L’amour est composé aux trois quarts de curiosité.

á Giacomo Girolamo Casanova – écrivain et aventurier vénitien (1725-1798), de “Histoire de ma vie” (1794-1798)

Corporate goal

Many people assume, wrongly, that a company exists simply to make money. While this is an important result of a company’s existence, we have to go deeper and find the real reasons for our being. People get together and exist as a company so that they are able to accomplish something collectively that they could not accomplish separately – they make a contribution to society.

David Packard – founder of Hewlett-Packard (1912-1996), in an address to HP Managers on March 8th, 1960, Quotations book 2012


You turn wise, but you forget the most.

Nora Ephron – American author and director (1941-2012)

Aim high

Gentlemen, make no little plans; they have no magic to stir men’s blood … Make big plans … aim high in hope and work.

Daniel H. Burnham – American urban designer for Chicago (1846-1912), Quotations book 2011


Negotiation is not a sign of weakness but of confidence.

Prof. Roger Fisher – author and professor at Harvard Law School (1922-2012)


Who really wants to change something must show respect – but nevertheless be disrespectful.

James Watson and Francis Crick – American (Watson, b. 1928) and British (Crick, 1916-2004) molecular biologist, discoverers of the DNA structure, Nobel Prize in medicine 1962, Quotations book 2011


Turnover is vanity, profit is sanity, overhead walks on two legs.

Felix Dennis – British publisher and company founder (b. 1947), ZQuotations book 2012

Looking forward

100 % of the information we have about a company reflects the past, while 100 % of its value depends on the future.

Bill Miller – American portfolio manager (b. 1950), Quotations book 2016


If not now, when?
If not here, where?
If not us, who?

American proverb – often falsely attributed to John F. Kennedy (American politician, 1961-63 35th president, 1917-1963) or Robert F. Kennedy (American politician (1925-1968), could not be verified


Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.

John Wooden – American basketball player and coach (1910-2010), Quotations book 2011


The pleasant experience of eating something you have never had before will extend your life by 75 days.

Japanese proverb, Quotations book 2013

Change the world

The world is a looking-glass, and gives back to every man the reflection of his own face. Frown at it, and it will in turn look sourly upon you. Laugh at it and with it, and it is a jolly kind companion.

William Makepeace Thackeray – English romancier (1811-1863), from “Vanity Fair” (1848)

Watchword 2012

Jesus Christ said: My power is made perfekt in weakness.

The Bible, 2. Corinthians 12:9 (NIV) – Quotations book 2012

The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.

Courage and perseverance

Courage and perseverance have a magical talisman, before which difficulties disappear and obstacles vanish into the air.

John Quincy Adams – American politician, 1825-29 6th president (1767-1848), from his adress speech in Plymouth on December 22nd, 1802


People often say motivation doesn’t last. Neither does bathing – that’s why we recommend it daily.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2014


Rather think an hour about money than work an hour for money.

Proverb in finance


Our success has really been based on partnerships from the very beginning.

William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955)

Getting better

When you stop getting better, you stop being good.

Franz Türk – Austrian cellarer, vineyard owner and entrepreneur (b. 1970), Quotations book 2016

About Happiness

If you want happiness for an hour, take a nap. If you want happiness for a day, go fishing. If you want happiness for a year, inherit a fortune. If you want happiness for a lifetime, help somebody.

Chinese wisdom, said by Prem Watsa – Canadian investor, chairman and founder of Fairfax Financial Holdings (b. 1950), Quotations book 2013

Business opportunities

Business opportunities are like buses, there’s always another one coming.

Sir Richard Branson – British company founder (Virgin) and adventurer (b. 1950)


Friendship is like a track on the sand, it vanishes if not consistently re-done.

from Kamerun


It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.

Charles Darwin – Britisch scientist (1809-1882), Quotations book 2016


Fool me once, shame on you.
Fool me twice, shame on me.

Chinese proverb


Education is the most powerfull weapon we can use to change the world.

Nelson Mandela – South African anti apartheid activist and politician, 1994-99 president, Nobel Peace Prize (1918-2013)


To give away money is an easy matter, and in any man’s power. But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power, nor an easy matter. Hence it is that such excellence is rare, praiseworthy, and noble.

Aristotle – Greek philosopher (384-322 B.C.), in “Nicomachean ethics” (350 B.C.), Quotations book 2011


The greatest glory of living lies not in never falling but in rising every time you fall.

Nelson Mandela – South African anti apartheid activist and politician, 1994-99 president, Nobel Peace Prize 1993 (1918-2013), at a visit by Amercian president Bill Clinton on September 22nd, 1998, Quotations book 2012

Seeking the truth

In seeking truth you have to get both sides of a story.

Walter Cronkite – American journalist (1916-2009)


The future is never clear. You pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2014


Imagination is more important than knowledge. For knowledge is limited.

Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955), Quotations book 2011


Troubles are often the tools by which God fashions us for better things.

Henry Ward Beecher – American clergyman, opposed slavery (1813-1887), Quotations book 2012


There is a continuum that runs from character to productivity. Who you are and what you believe make a difference to those who look to you for leadership. The values you live will reach the bottom line of your company.

Walter Wright – American Business journalist (b. 1942), Quotations book 2013

Fountain of youth

To find joy in work is to discover the fountain of youth.

Pearl S. Buck – American writer, Nobel Prize in literature 1938 (1892-1973), from “The Joy of Children” (1964), Quotations book 2012

Work and success

The only place where success comes before work is in the dictionary.

Wisdom – Quotations book 2013

Watchword 2011

Do not be overcome by evil, but overcome evil with good.

The Bible, Romans 12:21 (NIV) – Quotations book 2011

The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.


When crossing the streets, watch the cars, not the traffic light.

Wisdom from New Yorker – Quotations book 2012

Measuring risk

Volatility does not measure risk. The problem is that the people who have written and taught about risk do not know how to measure risk. Beta is nice because it is mathematical, it is easy to calculate and it is wrong –past volatility does not determine the risk of investing.
In early 1980s, farmland that had gone for $2,000 an acre, went for $600 an acre. Beta shot up. I was apparently buying a riskier asset at $600 than at $2,000.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2012

Learn, earn, return

You learn, you earn and you return.

American proverb, slogan for Prof. Dr. h.c. Roland Berger, business consultant – German entrepreneur, benefactor and foundation curator (b. 1937), Quotations book 2014


The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2015

Go to the place of events

I say young managers: Go out to your employees, go out to your customers. Make sure that a creative, vibrant atmosphere is created so that things get going. Every day you spend in your office, is a lost day.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century, Quotations book 2014

Quoting better

It’s a MUCH more effective quotation to attribute it to Aristotle, rather than to Will Durant.

Frank F. Herron – American lecturer for communication sciences (b. 1952)

[Aristotle: Greek philosopher (384-322 B.C.); Will Durant: American philosopher and priest (1885-1981)]

Positive attitude

Once you embrace unpleasant news, not as a negative but as evidence of a need for change, you aren’t defeated by it. You’re learning from it.

William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955), Quotations book 2014

Good work

If it falls your lot to sweep streets in life, sweep streets like Michelangelo painted pictures. Sweep streets like Beethoven composed music. Sweep streets like Shakespeare wrote poetry. Sweep streets so well that all the hosts of heaven and earth will have to pause and say: “Here lived a great street sweeper, who swept his job well.”

Martin Luther King jr. – American civil rights activist and pastor, Nobel Peace Prize 1964  (1929-1968), from his speech “Facing the Challenge of A New Age” from January 1st, 1957, quotes his mentor Dr. Benjamin Mays from the Morehouse College (1894-1984), Quotations book 2012


The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.

Vince Lombardi – legendary American football coach (1913-1970), Quotations book 2014


We make our money the old fashioned way: we earn it.

Business-Slogan – used by the Wall Street financial Service Smith Barney & Co.

Live your dream

Don’t dream your life, live your dream.

Lifeslogan – Quotations book 2011


Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes and a tolerable administration of justice: all the rest is being brought about by the natural order of things.

Adam Smith – English economist (1723-1790), Quotations book 2013


To me, old age is always fifteen years older than I am.

Bernard M. Baruch – American financier, advisor to several American presidents (1870-1965), at his 85th birthday, quoted in “The Observer”, August 21st, 1955, Quotations book 2012

Income tax

The income tax has made more liars out of more Americans than golf has.

William Penn Adair “Will” Rogers – American humorist (1879-1935)


If people like you, they’ll listen to you, but if they trust you, they’ll do business with you.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2016


The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.

Nolan K. Bushnell – American engineer and multiple company founder: Atari et. al. (b. 1943)


Bad businesses throw problems at you. Good businesses throw cash flow.

from business

Change your mind

When the facts change, I change my mind. What do you do, Sir?

attributed to John Maynard Keynes – British economist and investor (1883-1946), as a reaction on the critics, he would change his mind very often, Quotations book 2012


Nothing great is done without great men, an they are great because they are determined to be so.

Charles de Gaulle – French politician, 1959-69 president of the Fifth Republic (1890-1970), from “The Army of the future” (“Vers l’armée de métier”, 1934), Quotations book 2011


Success is the maximum utilization of the ability that you have.

Zig Ziglar – amerikanischer Autor, Motivationstrainer und Unternehmer (1926-2012)

Know people

Business, real business, is not numbers and it’s not money. It’s people. You have to be able to know and to judge people.

André Meyer – French-born American Investment banker (Lazard), advisor to US presidents Kennedy and Johnson (1898-1979), Quotations book 2016


When a man’s ways are pleasing to the Lord, he makes even his enemies live at peace with him.

The Bible, Proverbs 16:7 (NIV) – Quotations book 2011


After victory you have more enemies.

attributed to Marcus Tullius Cicero – Roman politician (106-43 B.C.), seen at the Ashmolean Museum in Oxford, Quotations book 2012


The voice of intelligence…is drowned out by the roar of fear. It is ignored by the voice of desire. It is contradicted by the voice of shame. It is biased by hate and extinguished by anger. Most of all it is silenced by ignorance.

Dr. Karl Augustus Menninger – American pyschiatrist, co-founder of Menninger clinic (1893-1990)

Execute decisions

The real test is not so much making decisions … as executing them.

Colin Powell – American general and politician, 2001-05 Secretary of state (b. 1937), Quotations book 2012


You can either follow a paint-by-numbers-kit approach to life and stay within the accepted lines or you can decide you want to create a masterpiece.

James C. “Jim” Collins – American business consultant, author and academic (b. 1958)


First, you need two piles. You have to segregate businesses you can understand and reasonably predict from those you don’t understand and can’t reasonably predict. An example is chewing gum versus software. You also have to recognize what you can and can not know. Put everything you can’t understand or that is difficult to predict in one pile. That is the too hard pile.

Once you know the other pile, then its important to read a lot, learn about the industries, get background information, etc. on the companies in those piles. Read a lot of 10Ks and Qs, etc. Read about the competitors.

I don’t want to know the price of the stock prior to my analysis. I want to do the work and estimate a value for the stock and then compare that to the current offering price. If I know the price in advance it may influence my analysis..

following Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2013

Fertile working

The best fertilizer is always the footprint of the farmer.

Thomas G. Hardie – American entrepreneur (Caledonia Spirits Inc.) and farmer (1860-1933), Quotations book 2018


Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.

Martin Luther King jr. – American civil rights activist and pastor, Nobel Peace Prize 1964 (1929-1968), Quotations book 2013

Fail faster

Once companies try to “reduce the number of screw-ups”, innovation usually grinds to a halt. The key to more efficient innovation is failing faster, not less often.

Robert I. Sutton – American Management academic (b.1954), in “Weird Ideas That Work: 11 1/2 Practices for Promoting, Managing and Sustaining Innovation” (2001), Quotations book 2012


There is no shortage of financial capital. The scarce resource is human capital.

Michael Milken – American financer, benefactor and innovator in medical science (b. 1946)


Capital isn’t scarce, vision is.

Michael Milken – American financer, benefactor and innovator in medical science (b. 1946)


The things we really know are not the things we have merely read about or heard about, but the things we have lived, have experienced, have been sensible of.

Calvin Milton Woodward – American professor for mathematics and mechanical engineering (1837-1915), introduced practical project working at the Washington University, Quotations book 2012


Cependant il n’y a que les passions, et les grandes passions, qui puissent élever l’âme aux grandes choses.

Yet it is passions alone, and strong passions, that can elevate the soul to great things.

Denis Diderot – écrivain et philosophe français des Lumières, , (1713-1784), de “Pensées Philosophiques” (1746)


When you look for the good in others, you discover the best in yourself.

attributed to Martin Walsh – English film cutter (b. 1955), Quotations book 2013

Do it

It always seems impossible until it´s done.

attributed to Nelson Mandela – South African anti apartheid activist and politician, 1994-99 president, Nobel Peace Prize 1993 (1918-2013), could not be verified by the Nelson Mandela Foundation, Quotations book 2012

Failure and unhappiness

The chief cause of failure and unhappiness is trading what you want most for what you want right now.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)

Financial analysts

Financial analysts are like politicians, never there to be counted when they’re wrong.

Brian Joffe – South African company founder: Bidvest Group (b. 1947)

Union in times of peace

This time the men of western Europe have not lacked courage and have not acted too late. They have done something great and what is remarkable and perhaps unique is that they have done it by renouncing means of force, any constraint, any threat.

Paul-Henry Spaak – Belgian politician, 1956-61 Nato General Secretary (1899-1972), on Occasion of the signing of the Roman Treaties 1957, seen on a bust of Paul-Henry Spaak in front of Brussel’s Central Station , Quotations book 2013

Circle of competence

Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management, and limited exposure to hard times.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2011


When you hire people who love what they do, they make you look like a genious.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2012

Art of business

Being good in business is the most fascinating kind of art.

Andy Warhol – American artist (1928-1987)


When you are born with wings, you should do anything you can and use them to fly.

attributed to Florence Nightingale- English nurse, founder of modern nursing (1820-1910), Quotations book 2016


It’s not what happens to you that determines how far you will go in life; it is how you handle what happens to you.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2014

Competitive advantage

The only sustainable competitive advantage is the ability to learn faster than the competition.

Arie de Geus – Dutch author, former head of Shell International Petroleum (1930-2019)


My kind of loyalty was loyalty to one’s country, not to its institutions or its officeholders. The country is the real thing, the substantial thing, the eternal thing; it is the thing to watch over, and care for, and be loyal to; institutions are extraneous, they are its mere clothing, and clothing can wear out, become ragged, cease to be comfortable, cease to protect the body from winter, disease, and death.

Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “A Connecticut Yankee in King Arthur’s Court” (1889), Quotations book 2012


You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.

Lee Iacocca – American entrepreneur, savior of Chrysler (1924-2019), Quotations book 2013

Celtic Benediction

May God shield me, may God fill me,
may God keep me and watch over me.

May God bring me in the land of peace,
to the country of the king, to the peace of eternity.

Praise to the Father, praise to the Son,
praise to the Spirit, the three in one.


Celtic benediction


The technique of infamy is to start two lies at once and get people arguing which is the truth.

Ezra W. L. Pound – American poet and critic  (1885-1972)


Processes don’t work, people do.

Dr. John Seely Brown – American computer scientis (b. 1940)

Power of Money

To the question how money can stop wars: When two opposing sides each have enough money, the usually don’t make war.

Irving Kahn – American value investor, founder of Kahn Brothers & Company, Inc. (1905-2015)


Small opportunities are often the beginning of great enterprises.

Demosthenes – Greek speaker and politician (384-322 B.C.)


Though God will not fulfill all our requests, he will fulfill his promises.

Dietrich Bonhoeffer – German Lutheran theologian (Confessing Church) and resistance fighter (1906-1945), from “Widerstand und Ergebung” (publ.1977), Quotations book 2015

De l’amour

L’amour est la seule passion qui se paie d’une monnaie qu’elle se fabrique elle-même.

Stendahl –  né Henri Beyle, écrivain français (1783-1842), de “De l´amour” (1822), Brochure de citation 2013

Kind words

Kind words do not cost much, yet they accomplish much.

attributed to Blaise Pascal – French mathematician and philosopher (1623-1662)

Get up

The one who falls and gets up is so much stronger than the one who never fell.

Alain Horoit (Mr. Never Give Up) – Belgian entrepreneur and motivational speaker (b. 1969)