Month: July 2020

Reaction

Between stimulus and response lies a space. In that space lie our freedom and power to choose a response. In our response lies our growth and our happiness. attributed to Viktor E. Frankl - Austrian neurologist and psychiatrist (1905-1997)

Problems as a power source

Every problem you master helps you on in future – and gives you fresh strength. Stefanie Graf – German former tennis player (b. 1969), Quotations book 2022

Wise

The way of the sage is to act but not to compete. from the Tao Te Ching – most significant proverb collection of Daoism (chapter 81, 4th century BC), according to a legend written by Lao Tzu (Chinese philosopher, c. 3rd to 5th century BC)

Ultimative aim

The ultimate aim of the quest must be neither release nor ecstasy for oneself, but the wisdom and the power to serve others. Joseph J. Campbell – American writer, Professor of Literature at Sarah Lawrence College (1904-1987), from "Myths to Live By" (1972)

Main

The work can wait while you show the child the rainbow, but the rainbow won"t wait while you do the work. Mary "Patricia"(Wise) Clafford - amerikanische Schriftstellerin (1900-1998)

Truth

Truth is stronger than fiction. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from "Following the Equator" ("Pudd"nhead Wilson"s New Calendar", chapter XV, 1897)

Work together

If you want to make peace with an enemy, one must work with that enemy and that enemy becomes your partner. Nelson Mandela – South African anti-apartheid activist and politician, 1994-99 president, Nobel Peace Prize (1918-2013), froms his autobiography "Long Walk to Freedom" (1994)

Vision

Action without vision is only passing time, vision without action is merely day dreaming, but vision with action can change the world. wisdom

Role-model

We must become what we wish to teach. Nathaniel Branden - born Nathan Blumenthal, American psychotherapist and author (1930-2014), from "The Six Pillars of Self-Esteem" (1994)

Try and error

You don’t learn to walk by following rules. You learn by doing and falling over. Sir Richard Branson – British company founder (Virgin) and adventurer (b. 1950), from "Business Stripped Bare: Adventures of a Global Entrepreneur" (2008)

Truth

If there were only one truth, you couldn't paint a hundred canvases on the same theme. Pablo Picasso - born Pablo Diego José Francisco de Paula Juan Nepomuceno María de los Remedios Cipriano de la Santísima Trinidad Ruiz y Picasso, Spanish artist (1881-1973), quoted by Daniel J. Robbins (American art historian, art critic, and curator,, 1932-1995) in "Picasso's Vollard suite" (1979) Aunque...

Sue or die

What good is figuring out a better way to sell beach towels if you aren"t going to tell everybody in your company about it? Samuel M. "Sam" Walton - American entrepreneur, founder of Walmart (1918-1992), from "Sam Walton, Made in America: My story" (1992)

Success

Success is more about your imagination than anything else. Paul Orfalea - American company founder ("Kinko"s"), author, speaker and philanthropist (b. 1947)

Six principles

1. Think one Store at a time. 2. Communicate, communicate, communicate. 3. Keep your ear to the ground. 4. Push responsibility – and authority – down. 5. Force ideas to bubble up. 6. Stay lean, fight bureaucracy. Samuel M. "Sam" Walton - American entrepreneur, founder of Walmart (1918-1992), from "Sam Walton, Made in America: My story" (1992)

Bold

But at the heart of his personality was the boldness of his ideas. Zalman didn’t do little things. Zalman was here to change the world. Roger Hertog – American businessman, financier, and philanthropist, co-founder of Sanford C. Bernstein & Company (b. 1941), in his obituary on Zalman Chaim Bernstein (born Sanford Bernstein, American businessman and philanthropist, co-founder of Sanford C....

Ten maxims

1. Commit to your business. Believe in it more than anyone else. 2. Share your profits with all your associates, and treat them as partners. 3. Motivate your partners. Money and ownership alone aren’t enough. […] Set high goals, encourage competition, and then keep store. 4. Communicate everything you possibly can to your partners. […] Information is power, and the gain you get from...

Give away

The meaning of life is to find your gift. The purpose of life is to pass it on. proverb, often falsely attributed to William Shakespeare (English writer, 1564-1616) or Pablo Picasso (born Pablo Diego José Francisco de Paula Juan Nepomuceno María de los Remedios Cipriano de la Santísima Trinidad Ruiz y Picasso, Spanisch artist, 1881-1973)

Entrepreneur

An entrepreneur isn’t someone who owns a business, it’s someone who makes things happen. Timothy "Tim" Ferriss - American entrepreneur and author (b. 1977)

Timing

The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. Sir John Marks Templeton – value investor and philanthropist (1912-2008)

Right investment choice

1. Pick winners by a research process that reflects your values and beliefs. 2. Back them with conviction. 3. Avoid behavioral biases that lead to poor selling like lazy trades (not thought through). 4. Make sure your long-term positions are not past their sell date. Rick di Mascio – British portfolio manager, CEO: Inalytics (b. 1957)