Change
Change before you have to. JJack Welch - born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century
all Quotes
Baiting
You have got to write the first sentence of a story so that whoever reads it will want to read the second one. William Faulkner - American writer, Nobel Prize in literature 1949 (1897-1962), from a from December 1951, published in Joseph Blotner (ed.): "Selected Letters of William Faulkner" (1976), Quotations book 2022
Master-economist
The master-economist must possess a rare combination of gifts. […] He must understand symbols and speak in words. He must contemplate the particular in terms of the general and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. John Maynard Keynes – British economist and investor (1883-1946), from his...
Prejudices
It is never too late to give up our prejudices. Henry David Thoreau - American writer (1817-1862), from "Walden" (1854), Quotations book 2022
Worth
Imagine […] that every morning when you wake up, a bank would open an account in your name containing 86,400 $. There were only two rules: The first rule is that everything you fail to spend is taken from you that night. You can’t cheat, you can’t switch the unspent money to another account: you can only spend it. But when you wake next morning, and every morning after that, the bank opens a...
Take a good look
The naked eye sees ten good investments. The trained eye sees one. slogan by "State Street Global Advisors" - asset manager from Boston, Massachusetts, USA, Quotations book 2022
Do not fear
Fear is nothing but the failure to use the help that reason gives. The Bible, Wisdom 17:12 (GNT) - Quotations book 2022
Stock Picking
- First-class management with a proven record of keeping its word. - Does innovative research and uses technology to maximum advantage. - Operates abroad as well as at home. (Growth via overseas expansion) - Sells products and services that don’t become obsolete. - Insiders own a large chunk of shares and have a personal stake in the company’s success. - Company deliver strong returns on...
Alexander’s question
What data, facts, or events would cause you to change your mind? Dr. E. Russell Alexander - American epidemiologist and public health official (1928-2006), Quotations book 2022
Needle or haystack
People always look for the needle in the haystack. Why not buy the haystack? Fayez Sarofim – Egyptian-born American investor (1929-2022), from the interview "A Lion in Winter" by Andrew Bary ("Barron’s", December 28th, 2013)
Understanding risk
The intelligent investor realizes that stocks become more risky, not less, as their prices rise, and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale. Jason...
Colin Powell’s rules
1. It ain"t as bad as you think. It will look better in the morning. This rule reflects an attitude and not a prediction. I have always tried to keep my confidence and optimism up, no matter how difficult the situation. Things will get better. You will make them better. 2. Get mad, then get over it. I’ve worked hard over the years to make sure that when I get mad, I get over it quickly and...
Learn from history
History doesn’t repeat itself but it often rhymes. proverb, falsely attributed to Mark Twain - born Samuel Langhorne Clemens, American writer (1835-1910), Quotations book 2022
Amitié
Comme donc ceux qui tirent le gravier du Tage en séparent l’or qu’ils y trouvent pour l’emporter, et laissent le sable sur le rivage, de même ceux qui ont la communication de quelque bonne amitié doivent en séparer le sable des imperfections, et ne le point laisser entrer en leur âme. François de Sales - fondateur de l"ordre, mystique et évêque de Genève de 1602-22 (1567-1622), de...