Dream

A dream you dream alone is only a dream.
A dream you dream together is reality.

Yōko Ono – American artist and musicien (b. 1933), quoted by husband John Lennon (British musician and composer, 1940-1980) in an interview in December 1980, published in “All We Are Saying: The Last Major Interview with John Lennon and Yoko Ono” (2000)

Goals

If you would live a happy life, tie it to a goal, not to people or things.

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

Think like an owner

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

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

Keep in move

Beware of balance.

Michael Charles “Mike” Yaconelli – American writer, theologian and satirist, co-founder and owner of Youth Specialties (1942-2003), in “Messy Spirituality” (2002)

Act of God

It would be very difficult to explain why the universe should have begun in just this way, except as the act of a God who intended to create beings like us.

Prof. Stephen Hawking – American physicist (1942-2018), from “A Brief History of Time” (1988)

Why

The two most important days of a man’s life are the day on which he was born and the day on which he discovers why he was born.

wisdom – quoted in a sermon by Ernest T. Campbell, American pastor (1923-2010), at the Riverside Church, New York (January 25th, 1970)

Unterstanding

Our intellect extends to the infinite in understanding.

Intellectus noster ad infinitum in intelligendo extenditur.

Thomas of Aquin- Italian philosopher and theologian (1224/25-1274), from “Summa contra Gentiles” I, cap. 43, n. 10 (circa 1260)

Bonum vero commune

Bonum vero commune summam complectitur earum vitae socialis condicionum, quibus homines, familiae et consociationes, suam ipsorum perfectionem plenius atque expeditius consequi possint.

Indeed, the common good embraces the sum of those conditions of the social life whereby men, families and associations more adequately and readily may attain their own perfection.

Second Vatican Council – from the Pastoral Constitution “Gaudium et Spes – On the Church in the modern World” promulgated by His Holiness, pope Paul VI (Chapter IV, 74, December 7th, 1965)

Leadership

Only three things happen naturally in organizations: friction, confusion and underperformance. Everything else requires leadership.

attributed to Peter F. Drucker – Austrian-born American management expert (1909-2005), could not be verified absolutely certain by the Drucker Institute’s Archive

Luxury

Luxury is not the opposite of poverty. It is the opposite of vulgarity.

Gabrielle “Coco” Chanel – French Fashion designer and businesswoman (1883-1971), during an interview with Georg Stefan Troller in “Pariser Gespräche” (1968)

Money is not everything

Money, to some extent, sometimes lets you be in more interesting environments. But it can’t change how many people love you or how healthy you are.

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

Against the math

When we lower prices, we go against the math that we can do, which always says that the smart move is to raise prices.

Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in his letter to the shareholders (2005)

Certainty

I would rather be certain of a good result than hopeful
of a great one.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (1996)

Know your strength

Figure out what you’re good at and play that game. You don’t have to be good at everything.

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

Education

Education is the passport to the future, for tomorrow belongs to those who prepare for it today.

attributed to Malcolm X zugeschrieben – born Malcolm Little; American Muslim preacher and civil rights activist (1925-1965)

Implement

Ideas are easy. Implementation is hard.

Guy Kawasaki – American company founder, venture capitalist, author and marketing evangelist (b. 1954), in “The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything” (2004)

Leggere

Il mondo è un bel libro, ma poco serve a chi non lo sa leggere.

Carlo Goldoni – drammaturgo e librettista italiano (1707-1793), da “La Pamela”, Act 1, Scena 14 (1750)

The world is a beautiful book, but of little use to him who cannot read it.

Carlo Goldoni – Italian playwright and librettist (1707-1793), from “La Pamela”, Act 1, Scene 14 (1750)

Focus

I think that by concentrating on smaller companies, you improve your chances of catching the next wave.

Ralph Wanger – American fund manager (b. 1934)

Change

Chances are, things have changed enough so that whatever made you a success thirty years ago doesn’t work anymore.

Ralph Wanger – American fund manager (b. 1934)

Unpredictable stock market

If you believe you or anyone else has a system that can predict the future of the stock market, the joke is on you.

Ralph Wanger – American fund manager (b. 1934), from “A Zebra in Lion Country” (1999)

At the summit, it gets harder

Life always gets harder toward the summit – the cold increases, the responsibility increases.

Friedrich Nietzsche – German philosopher (1844-1900), from “The Antichrist” (1895)

Search

The Church is looking for better methods; God is looking for better men.

E. M. Bounds – American writer and member of the Methodist Episcopal Church South (1835-1913), from “Power Through Prayer” (1910)

Doing good

One has to do good in order for it to exist in the world.

Marie von Ebner-Eschenbach – Austrian writer (1830-1916), from her “Aphorisms”, published in “Gesammelte Schriften”, book 1 (1893

Integrity

The more integrity we have and keep, the simpler and nobler that destiny is likely to be.

Glosse, gloss on views of George Santayana – born Jorge Agustín Nicolás Ruiz de Santayana y Borrás, Spanish-born American philosopher (1863-1952), could not be verified by experts at the Santayana Edition

Truth

It is very hard to lie, if one doesn’t know the truth.

Kutya nehéz úgy hazudni, ha az ember nem ösmeri az igazságot.

Péter Esterházy – Hungarian writer (1950-2016), from “Harmonia Caelestis” (2000)

Endurance

Time is your friend, impulse is your enemy.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (b. 1929)

Habits

Habit is habit, and not to be flung out of the window by any man, but coaxed down-stairs a step at a time.

Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “Pudd’nhead Wilson and Those Extraordinary Twins” (Chapter VI, 1884)

Unexpected

To get noticed, we can’t say what’s expected.

advertising wisdom

Good leadership

Good leadership is characterized by two things: honesty and modesty, both are difficult, so there are so few good leaders.

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

Forholdet

Menneskets Storhed afhænger ene og alene af Guds-Forholdets Energie i ham.

The greatness of a man depends simply and solely on the energy of the God-relation in him.

Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark, from “The Concept of Anxiety” (“Begrebet Angest”, published under the pseudonym Vigilius Haufniensis, “the Watchman of Copenhagen”, 1844)

Love

Above all, keep loving one another earnestly, since love covers a multitude of sins.

The Bible, 1. Peter 4:8 (ESV)

Courage

Courage is resistance to fear, mastery of fear — not absence of fear.

Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “Pudd’nhead Wilson” (Chapter XII, 1894)

Think first

The wise man ought not to think afterwards but rather to think beforehand.

Oὐ μετανοεῖν ἀλλὰ προνοεῖν χρὴ τὸν ἄνδρα τὸν σοφόν.

Axiopistos – Greek forger (ca. 4th century BC), who published two books under the name of the Sicilian comedy poet Epicharmus (ca. 540-460 BC), noted as “Fragmenta Pseudepicharmea 280”

Reward at its pinnacle

When reward is at its pinnacle, risk is near at hand.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Be prepared

If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Stock market

In the long run, the stock market is 100% economics and 0% emotions.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Le sourire

Il est un bon moyen de se créer une âme amicale : le sourire. … Le sourire large, net. …
Savoir sourire : quelle force ! Force d’apaisement, force de douceur, de calme, force de rayonnement.

Guy de Larigaudie – scout et écrivain français (1908-1940), de Étoile au grand large” (postum 1943)

Passion

Working hard for something we don’t care about is called stress.
Working hard for something we love is called passion.

Simon O. Sinek – American author, speaker and optimist (b. 1973), from a Twitter-message on 28th February 2012, printed in “Together is Better: A Little Book of Inspiration” (p. 105, 2016)
see Startwithwhy.com

Tread by God

And I said to the man who stood at the gate of the year:
“Give me a light that I may tread safely into the unknown.”
And he replied: “Go out into the darkness and put your hand into the Hand of God.
That shall be to you better than light and safer than a known way.”

Minnie Louise Haskins – British poet and sociologist (1875-1957), from the poem “The Gate of the Year” (1908), which became popular, after King Georg VI. (1936-1952 king of England, 1895-1952) quoted it in his 1939 Christmas broadcast

Strive for the higher

As long as we entertain only good options, we will never experience God’s best.

Dr. Ed Silvoso – Argentinian author, documentarian and evangelist (b. 1945), from “That None Should Perish: How to Reach Entire Cities for Christ Through Prayer Evangelism” (1994)

Good societies

Good societies can survive people doing immoral things. But a good society cannot survive if it calls immoral things moral.

Dennis M. Prager – American radio talk show host and writer, founder and president of “PragerU” (b. 1948)

Memories

To be able to enjoy one’s past life is to live twice.

Hoc est vivere bis vita posse priore frui.

Marcus Valerius Martialis – Roman poet (c. 40-103), from “Epigrammaton libri duodecim”, book X, epigramme 23 (c. 85-103)

Variety

You know your life is boring when only wear work clothes and bed clothes.

Jan-David Golze – German business development expert, booking.com

Urgent or important

‘I have two kinds of problems, the urgent and the important. The urgent are not important, and the important are never urgent.

wisdom of a former college president, quoted by Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969), in his address to the Second Assembly of the World Council of Churches, Evanston, Illinois (Augsut 19, 1954)

Present

Especially whenever our affairs seem to be in crisis, we are almost compelled to give our first attention to the urgent present rather than to the important future.

Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969), in his address to the Century Association (December 7, 1961)

Urgency

We need to feel a high sense of urgency. But this does not mean that we should mount our charger and try to ride off in all directions at once.

Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969), in a radio and television address to the American people on science in national security (November 7, 1957)

Découvrez ce qui est à l’intérieur de vous!

Plus est en vous.

devise de Louis de Bruges, seigneur de Gruuthuse – noble, négociant, diplomate et mécène des arts flamand, à partir de 1461 chevaliers de l’ordre de la toison d’or (1422-1492), acquit le monopole de la taxe sur la bière à Bruges en tant qu’homme du duc de Bourgogne le duc Philippe le Bon (1396-1467)

Every coin has two sides

You may be taller than me but then you have a bigger shadow.

Wang Qishan – Chinese politician, since 2018 Vice President (b. 1948), in a dialogue with Professor Klaus Schwab at the World Economic Forum in Davos (24.01.2019)

Artists

Artists are apostles of beauty.

Pope Francis – born Jorge Mario Bergoglio, since 2013 Holy Father (b. 1936), in an interview with Wim Wenders in his film “Pope Francis: A Man of His Word” (2018)

Hope

Hope is the virtue of a heart that does not close itself in darkness or remain locked in the past, but looks towards the future.

Pope Francis – born Jorge Mario Bergoglio, since 2013 Holy Father (b. 1936), in a message on Twitter (20th September 2017)

Life

Life is charming, my friend, if you but look at it through the right spectacles.

Alexandre Dumas fils – French writer (1824-1895), from “The Camelia-lady” (“La dame aux camélias”, 1848)

La vie est charmante, mon cher, c’est selon le verre par lequel on la regarde.

Alexandre Dumas fils – écrivain français (1824-1895), de “La dame aux camélias” (1848)

Learning from Keynes

Keynes identified my problem: “The difficulty lies, not in the new ideas but in escaping from the old ones.”

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (1983)

Understand, not just tolerate

I am not asking you to merely tolerate each other. Tolerance is for cowards. Being tolerant requires nothing of you, but to be quiet and not make waves, holding tightly to your views and judgments without being challenged. Do not merely tolerate each other. Work hard! Move into uncomfortable territory and seek to understand each other.

Randall L. Stephenson Jr. – American telecommunications executive , CEO AT&T (b. 1960), in a meeting with AT&T employees, September 23, 2016

Successfull investing

Think about long-term business prospects rather than short-term stock market prospects.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (1991)

Try

You need to fill your mind with various competing thoughts and decide which make sense.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the BRK Annual Meeting (May 2007)

Recommendation

Never ask a barber if you need a haircut.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the Berkshire Hathaway 1994 annual meeting

Think for yourself

You have to think for yourself.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in U.S. News and World Report (June 1994)

Smart

If you’re smart, you don’t need debt. If you’re dumb, it’s poisonous.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), to Salomon Inc’s clients (September 13, 1991)

Make money

The secret of making money is to avoid risks.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “The Midas Touch” (2009)

Timing

It’s much easier to stay out of trouble now than to get out of trouble later.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “The Winning Investment Habits of Warren Buffett & George Soros” (2013)

Rational

Investment must be rational; if you don’t understand it, don’t do it.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “Forbes” (19. Oktober 1992)

Markets

The nature of markets is that at times they offer extraordinary values and at other times you have to have the discipline to wait.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in an interview with Anthony Bianco in “Business Week” (July 5th, 1999)

Transfer

We feel noble intentions should be checked periodically against results.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in the “Berkshire Hathaway Annual Report 1999” (2000)

Experience

You want to learn from experience, but you want to learn from other people’s experience when you can.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Q&A session with MBA students at Tuck School of Business, Dartmout (2005)

The crisis

Do not pretend that things will change if we always do the same.
The crisis is the best blessing that can happen to people and countries, because the crisis brings progress.
Creativity is born from the distress, as the day is born from the dark night.
It is in crisis that invention, discovery and large strategies are born.
Who ever overcomes crisis, outdoes himself without being overcome.
Who attributes their failures to the crisis and neglects, violent his own talent and gives most respect to the problems rather than solutions.
The real crisis is the crisis of incompetence.
The drawback of people and countries is laziness to find solutions to their problems.
Without crisis there are no challenges, without challenges life is a routine, a slow agony.
Without crisis there is no merit.
It is in the crisis where the best of each other rise up, without crises any wind is caress.
Talk of crisis is to promote it, and silent in the crisis is to exalt conformity.
Instead of that, work hard.
Get it over with the only crises threatening, that is the tragedy of not wanting to fight for it.

attributed to Albert Einstein – German physicist, Nobel prize in Physics 1921 (1879-1955)

Plan

An idiot with a plan can beat a genius without a plan.

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

Lead by God

Unless we are governed by God, we shall be ruled by tyrants.

attributed to William Penn – American Quaker and preacher, foundet the state of Pennsylvania (1644-1718)

Knowledge is power

Never assume! Ask, analyse, test, implement!

Bernd Keller – German company founder, CEO “tRUE STANDARD” (b. 1966)

Home

Home is not where you are from, it is where you belong.
Some of us travel the whole world to find it.
Others find it in a person.

Beau C. Taplin – Australian poet (b. 1988), from his poem “The Explorers”, in “Worlds of You” (2018)

Self-trust

Self-trust is the first secret of success.

Ralph Waldo Emerson – American writer (1803-1882), from the essay “Success”, in “Society and Solitude and other Essays” (1870)

Capacity

The greater your capacity to love, the greater your capacity to feel the pain.

Jennifer Aniston – American actress (b. 1969), in an interview with the “Oprah Magazine” (Ma y7th, 2004)

Try

If it scares you, it might be a good thing to try.

Seth W. Godin – American author and former dot com business executive and company founder (b. 1960)

Eccentricities

Develop your eccentricities while you are young. That way, when you get old, people won’t think you’re going gaga.

David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999)

Learn

You can observe a lot just by watching.

Lawrence Peter “Yogi” Berra – American baseball player and -manager (1925-2015)

Wisdom

How much better to get wisdom than gold, to get insight rather than silver.

The Bible, Proverbs 16:16 (NIV)

Why I believe in Christianity

Reality, in fact, is usually something you could not have guessed. That is one of the reasons I believe Christianity. It is a religion you could not have guessed, I should feel we were making it up. But, in fact, it is not the sort of thing anyone would have made up. It has just that queer twist about it that real things have.

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

Turn to

Ò δέ καθήμενος μετὰ ἀδελφῶν, οὐκ ὀφείλει εἶναι τετραγωνιαῖος, ἀλλὰ στρογγύλος, ἵνα πρὸς πάντας κυλίηται.

wisdom of Abbas Matoe – early Christian monk, as quotet in “The Words of the Fathers” (“Apophthegmata Patrum”), a book about the first Christian monks in Egypt (3rd to 5th century)

Find

People […] grow five thousand roses in the same garden and yet do not find what they are looking for. […] What they are looking for could be found in one single rose.

Antoine de Saint-Exupéry – French writer and aviator (1900-1944), from “The Little Prince”, Chapter XXV (1943)

Les hommes […] cultivent cinq mille roses dans un même jardin… et ils n’y trouvent pas ce qu’ils cherchent. […] Et cependant ce qu’ils cherchent pourrait être trouvé dans une seule rose.

Antoine de Saint-Exupéry – écrivain et aviateur français (1900-1944), de “Le Petit Prince” (1943)

Benchmark-indifferent

Pick cheap stocks. If you are any good at it, they will do better than the good, the bad and the ugly included in the index.

Massimo Fuggetta – Italian Asset manager, CIO at Bayes Investments (b. 1961), in his presentation “Investing: Theory vs. practice” (14 March 2019)

Enjoy uncertainty

You have a choice. You can worry until you drop dead. Or you can prefer to enjoy the little bit of uncertainty.

Norman Mailer – American writer and director (1923-2007)

Serenity

One of the hardest things for most investors is to sit by and watch other people make money.

Howard S. Marks – American investor, Co-Chairman Oaktree Capital Management (b. 1946)

Learn

You can learn a lot just by asking.

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