Entries by Christoph Niemann

Success

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

Competitive advantage knowledge

Knowledge has become the key economic resource and the dominant, if not the only, source of competitive advantage. Peter F. Drucker – Austrian-born American management expert (1909-2005), from “The Age of Social Transformation” (“The Atlantic Monthly”, November 1994), Quotations book 2022

What it takes to be Number One

Winning is not a sometime thing; it’s an all the time thing. You don’t win once in a while; you don’t do things right once in a while; you do them right all of the time. Winning is a habit. Unfortunately, so is losing. There is no room for second place. There is only one […]

Watchword 2019

Seek peace and pursue it. The Bible, Psalms 34:15 (NIV) – Quotations book 2019 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 […]

Staff selection

Hire people who are better than you are, then leave them to get on with it. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), Quotations book 2018

Content

Content makes poor men rich; Discontent makes rich men poor. Benjamin Franklin – American politician, writer and scientist (1706-1790), from “Poor Richard Improved” (1749), Quotations book 2017

Learn

It’s a good idea to review past mistakes before committing new ones. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett on Business: Principles from the Sage of Omaha” (2009), Quotations book 2020

Self-critical

It is better to point out your own mistakes than have somebody else do it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in an interview with “The Telegraph” (“My elephant gun is loaded”, 22.9.2002), Quotations book 2020

Vision

Chase the vision, not the money. The money will end up following you. Tony Hsieh – American internet entrepreneur and venture capitalist, CEO Zappos (1973-2020)

Comfort

There is no good applying to Heaven for earthly comfort. Heaven can give heavenly comfort; no other kind. C. S. Lewis – British writer (1898-1963), from “The Four Loves” (1960)

Only those who let go have two hands free

We cannot plant seeds with closed fists. Adolfo Pérez Esquivel – Argentine activist, writer and sculptor, Nobel Peace Prize 1980 (b. 1931), from his acceptance speech on the occasion of the award of the Nobel Peace Prize in Oslo (10.12.1980), Quotations book 2022 Nadie puede sembrar con los puños cerrados. Adolfo Pérez Esquivel – activista, […]

Leader

The leader is the servant who removes the obstacles that prevent people from doing their jobs. Business wisdom

Fortune

One never knows, when he enters an elevator or tears open an envelope or picks up the telephone, what new trick of fortune may be about to be played. Every day is a new series of adventures; around the next corner may lie the event that will change a whole career. Bruce Barton – American […]

Act

Rarely have I seen a situation where doing less than the other guy is a good strategy. James “Jimmy” Spithill – Australian yachtsman, 2010 and 2013 Americas Cup winner (b. 1979)

Peace

Only when you have made peace within yourself will you be able to make peace in the world. Simcha Bunim Bonhart of Peshischa – Polish Hassidic rabbi (1765-1827), Quotations book 2018

Grab

I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could. Charlie Munger – Vice Chairman Berkshire Hathaway (b. 1924), Quotations book 2022

Chocolate

There is nothing better than a friend, unless it is a friend with chocolate. Proverb, seen at Linda Grayson – American entrepreneur (Printwick Papers), often falsely attributed to Charles Dickens

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)

Professional Investment

The game of professional investment is intolerably boring and over-exacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll. attributed to John Maynard Keynes – British economist and ivestor (1883-1946)

Gifts

Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful. John Wooden – American Basketball player and coach (1910-2010)

The Greatest Man in History

The Greatest Man in History Jesus had no servants, yet they called Him Master. Had no degree, yet they called Him Teacher. Had no medicines, yet they called Him Healer. He had no army, yet kings feared Him. He won no military battles, yet He conquered the world. He committed no crime, yet they crucified […]

Work partition

Nothing is particularly hard if you divide it into small jobs. Henry Ford – American engineer and industrialist (1963-1947), quoted in “Reader’s Digest” (March 1934)

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)

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)

Kingdom of Heaven

If we think that heaven is our country, we should send our wealth thither rather than reatin it here, where on our sudden daparture it will be lost to us. John Calvin – born Jean Cauvin, French reformator and founder of the Calvinism (1509-1564)

Supervision

The directors of companies, however, being the managers rather of other people’s money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance (…) . Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company. Adam […]

Attraction of money

Money has an attraction for some people, but nobody can wear two pairs of shoes at one time. Charles Feeney – Irish-American businessman, co-founded the DFS Duty Free Shops chain and General Atlantic Partners (b. 1931), Quotations book 2010

Determined

Success means being very patient, but aggressive when it’s time. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at Berkshire annual meeting (2004)

Recipe for success

It’s not about money or connections. It’s the willingness to outwork and outlearn everyone. Mark Cuban – American multiple company founder, owner of Dallas Mavericks (b. 1958)

Risk

Every time we’ve moved ahead in IBM, it was because someone was willing to take a chance, put his head on the block, and try something new. Thomas John Watson, Jr. – American manager, 1952-71 president of IBM (1914-1993), Quotations book 2009

Leadership

The task of leadership is not to put greatness into humanity, but to elicit it, for the greatness is already there. John Buchan – Scottish writer, publisher and politician, 1935-40 Governor General of Canada (1875-1940), from “Montrose and Leadership” (1930), Quotations book 2015

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)

Forgive

One of the secrets of a long and fruitful life is to forgive everybody everything every night before you go to bed. attributed to Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965), Quotations book 2010

Goal

A goal without a plan is just a wish. attributed to Antoine de Saint-Exupéry – French aviator and writer (1900-1994) Un objectif sans plan s’appelle un vœu. attribué à Antoine de Saint-Exupéry – écrivain, et aviateur français (1900-1944)

Daviate

Progress is not possible without deviation (from the norm). Frank Zappa – American rock musician (1940-1993), from an interview with VPRO (February 11th, 1971)

All is possible for GOD

No one can stop you. The bible, Job 42:2 (NLT) – Quotations book 2019

Facts

Facts do not cease to exist just because they are ignored. Aldous Leonard Huxley – British writer (1894-1963), from “Proper Studies” (1927), Quotations book 2014

Work

Work is love made visible. Khalil Gibran – Lebanese Maronite poet, philosopher and artist, aka Kahlil Gibran (1883-1931), from “The Prophet (1923), Quotations book 2018

Brief and clear

Whatever you are teaching be brief so that impressionable minds may readily understand what you’ve said, and hold fast to it. Quidquid praecipies, esto brevis, ut cito dicta, percipiant animi dociles teneantque fideles. Quintus Horatius Flaccus (Horaz) – Roman writer (65-8 B.C.), from “Ars poetica” 335 (c. 19 B.C.), Quotations book 2020

Miracles

In the realist, faith is not born from miracles, but miracles from faith. Fyodor Mikhailovich Dostoyevsk – Russian writer (1821-1881), from “The Brothers Karamazov”, part I, book one, chapter 5 (1880) В реалисте вера не от чуда рождается, а чудо от веры. Федор Достоевский – русский писатель (1821-1881), из “Бра́тья Карама́зовы”, часть I, книга первая, […]

Courage instaed of conformity

The opposite of courage in our society is not cowardice, it is conformity. Rollo May – American existential psychologist (1909-1994), alongside Viktor E. Frankl, was a major proponent of existential psychotherapy, following a passage from “Man’s Search for himself” (1953), Quotations book 2018

Experience

Ask for the ancient paths, ask where the good way is, and walk in it, and you will find rest for your souls. The Bible, Jeremiah 6,16 (NIV) – Quotations book 2010

Wealth

Wealth consists not in having great possessions, but in having few wants. Epicurus- Greek philosopher (341-270 BC), Quotations book 2007

Risk

Risk comes from not knowing what you’re doing. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2002

Elegance

Elegance is not to be noticed, it’s to be remembered. attributed to Giorgio Armani – Italian fashion designer (b. 1934) L’eleganza non è farsi notare, ma farsi ricordare. attribuita a Giorgio Armani – stilista italiano (*1934)

Look

Research your existing portfolio with the same energy and passion as new ideas Rick di Mascio – British portfolio manager, CEO: Inalytics (b. 1957), Quotations book 2021

Understand

If I wanted you to understand it, I would have explained it better. Johan Cruyff – Dutch football player and coach (1947-2016)

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)

Attitude

It’s a big difference whether you play to not lose or whether you play to win. Daniel S. “Dan” Peña, Sr.– American businessman (b. 1945), Quotations book 2021

Perceptions

The pessimist sees the difficulty in every opportunity. The optimist sees the opportunity in every difficulty. L.-P. Jacks – British pastor and university professor (1860-1955), Quotations book 2004

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)

Making mistakes

A businessman once gave me some good advice. “You will always make mistakes, but it is possible to go through life making mistakes and they will do your business little or no harm. This is because the trick is to spot the mistake early and deal with it.” Michael Anthony Ashcroft, Baron Ashcroft – British […]

Together

When someone dreams alone, it is just a dream. When we dream together, it is the beginning of a new reality. Raul Seixas – Brazilian musician (1945-1989), lyrics of “Prelúdio” (1974), Quotations book 2020 Sonho que se sonha só, e só um sonho que se sonha só. Mas sonho que se sonha junto é realidade. […]

Evolution of a crisis

The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought. Prof. Dr. Rüdiger “Rudi” Dornbusch – German-born American economist (1942-2002), in an interview for “Frontline” (PBS, 1995), Quotations book 2018

The right moment

Being prepared means much, being able to wait means more, but to make use of the right moment means everything. Arthur Schnitzler – Austrian writer (1862-1931), from “Buch der Sprüche und Bedenken” (1927), Quotations book 2009

Experience beats money

When a person with money meets a person with experience, the person with the experience winds up with the money, and the person with the money winds up with the experience. business wisdom – Quotations book 2020

Passion

I strongly believe that missionaries make better products. They care more. For a missionary, it’s not just about the business. There has to be a business, and the business has to make sense, but that’s not why you do it. You do it because you have something meaningful that motivates you. Jeffrey P. “Jeff” Bezos […]

Righteous judgement

Do not judge according to appearance, but judge with righteous judgment. The Bible, John 7:24 (NASB) – Quotations book 2020

Education

Education is important, especially when it comes to dismantling prejudices. You can’t help being a prisoner within your own mind, but the least you can do is ensure that the cell is decently furnished. Sir Peter Ustinov – English actor and writer (1921-2004), Quotations book 2017

Act justly

Fear God – act justly and dread no one Slogan by Rickmer Clasen Rickmers – German shipyard owner and shipping-line founder (1806-1886)

Faith

Faith is a kind of winged intellect. The great workmen of history have been men who believed like giants. attributed to Charles Henry Parkhurst – American clergyman (1842-1933), Quotations book 2010

History

If history books were the key to riches, the Forbes 400 would consist of librarians. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2002

Good work

What ever you do, do it well. Do it so well that when people see you do it they will want to come back and see you do it again and they will want to bring others and show them how well you do what you do. Walt Disney – American cartoonist and film producer […]

Kindnes

One day you will figure out, that it is harder to be kind than to be clever. Lawrence Preston Gise – American admin assistant (1915-1995), to his then ten-year-old grandson Jeffrey P. “Jeff” Bezos (American company founder: Amazon, b. 1964), after the younger has calculated to his grandmother Mattie Strait Gise (1915-1977), how much she […]

Qualities of managers

Three qualities of managers – integrity, intelligence and energy. If you don’t have the first one the last two will kill you. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2003

Dealing with criticism

Critics will see you walk on water and say it is because you cannot swim. Jan-David Golze – German business development expert, booking.com, Quotations book 2020

Time

Time does not change us. It just unfolds us.. Max Frisch – Swiss writer (1911-1991), Quotations book 2008

Lord’s Prayer

Our Father in heaven, hallowed be Your name, Your kingdom come, Your will be done, on earth as in heaven. Give us today our daily bread. Forgive us our sins as we forgive those who sin against us. Save us from the time of trial and deliver us from evil. For the kingdom, the power, […]

What expenditures tell you

Give me five minutes with a persons checkbook, and I will tell you where their heart is. attributed to Billy Graham – born William Franklin Graham jr., American evangelist (1918-2018)

Médiateur

Nous ne connaissons Dieu que par J.-C. Sans ce médiateur est ôtée toute communication avec Dieu. Blaise Pascal – Mathématicien et philosophe français (1623-1662), a “Pensée Non. 221”

Riches

The greatest good you can do for another is not just to share your riches but to reveal to him his own. attributed to Benjamin Disraeli – English writer and politician, 1868 and 1874-80 Prime Minister (1804-1881)

Coming together

Coming together is a beginning, staying together is progress, and working together is success. Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2008

Better decisions

The most important investment judgements at most big institutions and for most large portfolios are made by committees, but few realize the negative dynamics of group interaction. I think that, in most instances, groups of intelligent people have so many inherent liabilities that a lone individual has a far better chance of making good decisions. […]

Individuality

During my eighty-seven years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think. Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965)

Try, try, try

Failure and invention are inseparable twins. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in his letter to the shareholders (2016), Quotations book 2018

Journalists

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves and the better the teacher, the better the student body. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2010

Make changes

They always say time changes things, but you actually have to change them yourself. Andy Warhol – American Artist (1928-1987), from “The Philosophy of Andy Warhol” (1975), Quotations book 2015

Possibilities

What is imaginable is also possible. Ludwig Wittgenstein – Austro-British philosopher (1889-1951), from “Tractatus logico-philosophicus” (1912)

Test, test, test

If you double the number of experiments you do per year you’re going to double your inventiveness. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964)

Fortune

Forming fortune is like a big tree giving shade. Norman Rentrop – German publisher (b. 1957)

Birthdays

The secret of happiness is to count the highlights of life instead of birthdays. attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910)

Watchword 2015

Accept one another as Christ accepted us, to the glory of God. The Bible, Romans 15:7 (NRSV) – Quotations book 2015 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 […]

Successful stock

If a business does well, the stock eventually follows. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Learning

A man only learns in two ways, one by reading, and the other by association with smarter people. William Penn Adair “Will” Rogers – American humorist (1879-1935)

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

Leader

A good leader has a moral integrity that survives both success and failure. Sir Elton John – British singer, musician and composer (b. 1947), at the Worls Economic Forum in Davos (January 2018), Quotations book 2019

Speaking

There are only a few activities from which I derive intense pleasure, and speaking is not one of them. attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965)

Practice makes perfect

What hurts more, the pain of hard work or the pain of regret? slogan of the Boston Celtics – American basketball team

Power is dispensable

You need power only when you want to do something harmful. Otherwise, love is enough to get everything done. attributed to Sir Charles S. “Charlie” Chaplin – british actor (1889-1977), could not be verified by the Chaplin Association

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)

Lucky

Luck is a dividend of sweat. The more you sweat, the luckier you get. 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), quoted by Penny Moser in “The McDonald’s Mystique” (Fortune, 4.7.1988), Quotations […]

Being right

We do not get paid for activity, just for being right. Warren Buffet – American value investor, Chairman of Berkshire Hathaway (b. 1930)

What the world needs

Don’t ask yourself what the world needs. Ask yourself what makes you come alive, and go do that, because what the world needs is people who have come alive. John Eldredge – American christian counsellor and author (b. 1960)

Egna vägar

Man kommer aldrig först om man går i andras fotspår. Swedish proverb – published in a collection by Gunnel (b. 1941) and Kjell Swärd (b. 1937), Quotations book 2015

Time to sell

When good news about the market hits the front page of the New York Times, sell. Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965), Quotations book 2015

Ask good

The better the question. The better the answer. The better the world works. Slogan by Ernst & Young, business consulting company

Bible

It ain’t those parts of the bible that I can’t understand that bother me, it is the parts that I do understand. attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910)

Investment Success

The unfortunate reality is that investment success cannot be captured in a mathematical equation or a computer program. Seth A. Klarman – American investor, president and CEO: The Baupost Group, LLC (b. 1957), from “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” (2000)

Watchword 2018

God says: To the thirsty I will give water without cost from the spring of the water of life. The bible, Revelation 21:6 (NIV) – Quotations book 2018 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 […]

Money

Come to see money not as a passport to luxury but as a dangerous encumbrance, and you will not find it ridiculous to give to whoever needs it. John Boykin – American author (b. 1952)

Look forward

My partner Charlie and I never look back; we have so much to look forward to that it does not make sense to look back. Warren Buffet – American value investor, Chairman of Berkshire Hathaway (b. 1930), found on youtube: “Warren Buffett MBA Talk”

Intelligent investors

Intelligent Investors try to separate their emotions of hope, fear, and greed from their trust in reason, and then expect that wisdom will prevail over the long term. Hope, fear, and greed go along with the volatile market of short-term expectations, while trust in reason goes with the real market of long-term intrinsic value. In […]

Wife

God does not give you a wife to frustrate you but to complement you. Howard G. Hendricks – American Professor at the Dallas Theological Seminary (1924-2013), Quotations book 2008

Listen instead of speaking

We have two ears, but one mouth so that we may hear more but speak less. διὰ τοῦτο … δύο ὦτα ἔχομεν, στόμα δὲ ἕν, ἵνα πλείονα μὲν ἀκούωμεν, ἥττονα δὲ λέγωμεν. Zeno of Citium – Greek philosopher (c. 333-c. 261 BC), from “Lives and Opinions of Eminent Philosophers” (book seven, Zeno of Citium) by […]

Risk-taking

If you sleep on the floor you are not afraid of falling out of the bed. Wisdom – Quotations book 2010

Attitude

Attitude is the “little” thing that makes the big difference. Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), from “See You At The Top” (1975), Quotations book 2020

Gratitude

Reconnaissance … est une vigilance de l’âme … contre les forces de dispersion intérieure. Gabriel Marcel – philosophe français, représentant de l’existentialisme chrétien (1889-1973), de “Le déclin de la sagesse” (1954) Gratitude … is a vigilance of the soul … against the inward forces of dispersal. Gabriel Marcel – French philosopher, representative of Christian existentialism […]

Faithraising instead of fundraising

Saddleback doesn’t do fundraising. For us, it’s all about faithraising. Why? Because we believe GOD is primarily interested in growing our faith, not getting our money. We also believe that if the first happens, the second will naturally occur. Forrest Reinhard – pastor of the Saddleback Community Church, Lake Forest, California (b. 1958), Quotations book 2010

Invest in Businesses

The basic ideas of investing are to look at stocks as businesses, use market fluctuations to your advantage and seek a margin of safety. That’s what Ben Graham taught us… A hundred years from now they will still be the cornerstones of investing. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Fun

We enjoy the process far more than the proceeds. Warren Buffett – American value investor, chairman of Berkshire Heathaway (b. 1930)

Needle or haystack

People always look for the needle in the haystack. Why not buy the haystack? Fayez Sarofim – Egyptian-born American investor (b. 1929), from the interview “A Lion in Winter” by Andrew Bary (“Barron’s”, December 28th, 2013)

Margin of Safety

We are not paid by our customers to hold stocks without a margin of safety. Amit Wadhwaney – American fund manager (b. 1953)

Watchword 2020

I do believe; help me overcome my unbelief! The Bible, Marcus 9:24 (NIV) – Quotations book 2020 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 […]

The three sieves

Someone came to the wise Socrates and said: “Listen Socrates, I have to tell you something!” “Hold on!”, the wise man stopped him. “Did you put through the three sieves what you want to tell me?” “Three sieves?”, the other one asked in amazement. “Yes, my friend! Let’s try if this, you want to tell […]

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)

Calling

If you make your calling your profession you don’t work, you live. Michael Flatley – Irish-born American dancer and choreographer (b. 1958), Quotations book 2009

Consistent

Experience is not enough in itself – it has to be weighed, ordered and digested, and we have to draw the right conclusions from it. Michel de Montaigne – French writer and philosopher (1533-1592), Quotations book 2010

In time

The time to repair the roof is when the sun is shining. John F. Kennedy – American politician, 1961-63 35th president (1917-1963), from his speech at the Samuel Gompers memorial dinner in Boston (October 25, 1958), Quotations book 2022

Check

I check every offer. It could be the offer of my life. attributed to Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2018

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”

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)

Courage

I learned that courage was not the absence of fear, but the triumph over it. I felt fear myself more times than I can remember, but I hid it behind a mask of boldness. The brave man is not he who does not feel afraid, but he who conquers that fear. Nelson Mandela – South […]

Estimate

Never underestimate the man who overestimates himself. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at the Daily Journal annual meeting (February 12th, 2020)

Attractive

We love owning common stocks – if they can be purchased at attractive prices. Unless, however, we see a very high probability of at least 10% pre-tax returns, we will sit on the sidelines. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

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)

Prosperity and adversity

Prosperity does best discover vice, but adversity does best discover virtue. Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from his Essay “Of Adversity” (1625)

Trustee

What I possess, God owns. Howard Dayton -co-founded Crown Financial Ministries (b. 1943), Quotations book 2008

Courage to act

Courage is the beginning of an action, but chance is the master of the end. τόλμα πρήξιος ἀρχή, τύχη δὲ τέλεος κυρίη. Democritus from Abdera – Greek philosopher (c. 460 -371 B.C.), fragment 269

Reputation

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Standard of knowledge

If we become increasingly humble about how little we know, we may be more eager to search. Sir John Marks Templeton – value investor and philanthropist (1912-2008)

Quality of Managemant

We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We’ve never succeeded in making a good deal with a bad person. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Plan

An idiot with a plan can beat a genius without a plan. Warren Buffett – American Value investor, Chairman of Berkshire Hathaway (b. 1930)

Challenge

Being challenged in life is inevitable, being defeated is optional. Roger Crawford – American tennis player, motivational speaker, and author (b. 1960), Quotations book 2022

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 […]

Hard work

Business is never as healthy as when, like a chicken, it must do a certain amount of scratching for what it gets. Henry Ford – American engineer and industrialist (1863-1947), from “My Life and Work” (1922)

Deserve

To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2016

Innovation

The electric light did not come from the continuous improvement of the candle. Dr. Oren Harari – American business professor at the University of San Francisco and author of several management books (1949-2010)

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 […]

Stay tuned

Our competitors copied us and tried to kill us, but that was good: we had to keep inventing new things. Gérard Mulliez – French family entrepreneur, o.a. Auchan, Boulanger, Decathlon, Leroy Merlin, Orsay (b. 1931), Quotations Book 2022

Talent

Talent, I believe, is most likely to be found among nonconformists, dissenters and rebels. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), from “Confessions of an Advertising Man” (1971), Quotations book 2015

Confidence

We judge ourselves by what we feel capable of doing, while others judge us by what we have already done. Henry Wadsworth Longfellow – American poet (1807-1882), from “Kavanagh” (1849), Quotations book 2019

Get further

You can’t get very far until you start doing something for somebody else. Melvin Jones – American business leader, founder of Lions Club International (1879-1961), Quotations book 2017

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” […]

Happiness

It isn’t what you have or who you are or where you are or what you are doing that makes you happy or unhappy. It is what you think about it. Dale Carnegie – born Dale Carnagey, American author and personality coach (1888-1955), from “How to Win Friends and Influence People” (1936), Quotations book 2019

Bon livre

A good book is a good friend. Jacques-Henri Bernardin de Saint-Pierre – French writer (1737-1814), from “Paul and Virginie” (1788), Quotations book 2018 Un bon livre est un bon ami. Jacques-Henri Bernardin de Saint-Pierre – écrivain français (1737-1814), de “Paul et Virginie” (1788), Brochure de citation 2018

Freedom

Man does not want liberty in order to maximize his utility, or that of the society of which he is a part. He wants liberty to become the man he wants to become. James M. Buchanan – American economist, Nobel Memorial Prize in economic sciences 1986 (1919-2013), Quotations book 2008

Laugh

Each learns more readily, and retains more willingly, what makes him laugh than what he approves of and respects. Discit enim citius meminitque libentius illud quod quis deridet quam quod probat et veneratur. Quintus Horatius Flaccus (Horaz) – Roman writer (65-8 B.C.), from “Epistularum liber secundus” (c. 14 B.C.), Quotations book 2020

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, […]

Stay with a problem

It’s not that I am smart, it’s just that I stay with problems longer. Wisdom – often falsely attributed to Albert Einstein, Quotations book 2009

Capacities

The capacities which are within a man are greater than he knows and the capacities with which God can endow a man are greater than he dreams. Charles Haddon Spurgeon – English Baptist pastor (1834-1892), from his sermon N° 1690 “Chariots Of Iron” in The Metropolitan Tabernacle, Newington (September 28, 1882), Quotations book 2019

Gratitude

La reconnaissance est la mémoire du cœur. Jean Massieu – pionnier français de l’éducation des sourds (1772-1846) Gratitude is the memory of the heart. Jean Massieu – French pioneer in deaf educating (1772-1846)

Helgon

Helgon äro de människor, som göra det lättare för andra att tro på Gud. A saint is one who makes it easier for others to believe in God. Nathan Söderblom – Swedish Lutheran theologian, 1914-31 Archbishop of Uppsala, Nobel Peace Prize 1930 (1866-1931), in “Den levande Guden: grundformer av personlig religion” (“The Living God”, 1932), Quotations book […]

Form

We shape our buildings, and afterwards our buildings shape us. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), in his speech to the reconstruction of the House of Commons, Quotations book 2009

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

Cut-throat competition

It is hard to make money where others are prepared to loose it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Great love

Not all of us can do great things. But we can do small things with great love. slogan of nursing – Quotations book 2020

Contribution

Both optimists and pessimists contribute to society. The optimist invents the aeroplane, the pessimist the parachute. attributed to George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), Quotations book 2022

The right man at the right time

If you accept my thesis that many aging tech companies resemble the Walking Dead, you should also accept the follow-up proposition that what these companies need are not “visionary” CEOs but pragmatic ones, less Steve the visionary, and more Larry the Liquidator, a person with limited ambitions and a readiness to preside over the dismantling […]

Master

A Master is not the one who teaches something, but the one who inspires the student to give the best of himself to find out what he already knows. Paulo Coelho de Souza – Brazilian writer (b. 1947), from “A Bruxa de Porto Bello” (2006) [Um mestre] não é aquele que ensina algo, mas aquele […]

Rowing

He who waits gets a tailwind, and he who rows, a harbour. Hann fær byr, ið bíðar, og havn, ið rør. Faroese proverb – Quotations book 2018

Back to the roots

“Doc, I have an earache.” 2000 B.C. “Here, eat this root.” 1000 B.C. “That root is heathen, say this prayer.” 1850 A.D. “Prayer is superstition, drink this potion.” 1930 “That potion is snake oil, swallow this pill.” 1970 “That pill is ineffective, take this antibiotic.” 2000 “That antibiotic is artificial, here, eat this root.” Anonymus […]

Innovation

Innovation is the only way to win. Business motivation, often attributed to Steve Jobs – American company founder, Apple (1955-2011), Quotations book 2017

Migrants

Migrants do not so much break the law as the law breaks them. Hernando de Soto – Peruvian economist (b. 1941), from “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else” (2000), second chapter, Quotations book 2009

Responsibility

Love means that life has no meaning except in terms of responsibility; responsibility toward our family, toward our nation, toward our civilization, and now, by the pressures of history, toward the universe of mankind, which includes our enemies. attributed to Reinhold Niebuhr – German-Born American theologian (1892-1971)

Swords to ploughshares

A successful man is one who can lay a firm foundation with the bricks others have thrown at him David Brinkley – American journalist, news anchor and author (1920-2003), Quotations book 2017

Wealth needs patience

Dishonest money dwindles away, but he who gathers money little by little makes it grow. The Bible, Proverbs 13:11 (NIV) – Quotations book 2010

Sympathy

Our record of persuading decent, intelligent people to stop doing dumb things is very poor. (Munger added, “Worse than poor.”) When people want to do something, they do it. When someone rises to be CEO, he doesn’t want to hear a shareholder telling him that his latest idea is dumb. It’s better to be in […]

Powers

You must make your mark on this earth, and, if you have never done so, it is simply because you neglected to use the powers you have, or you have neglected to develop them. John Henry Patterson – American industrialist and company founder: National Cash Register Company, NCR (1844-1922)

Wishes

A lot of people are afraid to say what they want. That’s why they don’t get what they want. Madonna – born Madonna Louise Ciccone, American singer, actress, songwriter, dancer, author and director (b. 1958)

Friend – Ships

There are good ships, and there are wood ships, the ships that sail the sea. But the best ships are friendships, and may they always be. Irish saying – Quotations book 2018

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)

Long-term invest

The big money is not in the buying and selling but in the waiting. Charlie Munger – Vice Chairman Berkshire Hathaway (b. 1924)

Self-assessment

Knowing what you don’t know is more useful than being brilliant. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), from “A Fireside Chat With Charlie Munger” (“Wall Street Journal”, September 12th, 2014)

Fokus

Do not let what you cannot do interfere with what you can do. John Wooden – American basketball player and coach (1910-2010), Quotations book 2019

Why?

I’ve just been a machine for making money. I seem to have spent my life in a golden tunnel looking for the outlet which would lead to happiness. But the tunnel kept going on. After my death there will be nothing left. attributed to Aristoteles Onassis – Greek reeder (1906-1975), known as one of the richest […]

Proactive

When you always wait until everything fits perfectly and you are really ready, you wait until the end of your life. Jan-David Golze – German business development expert, booking.com

Industries

Instead of ceaselessly lamenting the loss of the old industries, we must simply face up the adventure to develop new ones. John Naisbitt – American scientist in the area of futures studies, who popularized the term “globalization” (b. 1929)

Love

God does not love us because we are valuable; we are valuable because He loves us. Fulton J. Sheen – American Catholic cleric, 1966-69 Bishop of Rochester, 1969-79 Titular Archbishop of Newport, Wales (1895-1979), from “Remade for Happiness: Achieving Life’s Purpose through Spiritual Transformation” (1946), Quotations book 2021

Christmas

Whenever two people forgive each other, it is Christmas. Whenever you show understanding for your children, it is Christmas. Whenever you help a person, it is Christmas. Whenever someone decides to live honestly, it is Christmas. Whenever a child is born, it is Christmas. Whenever you try to give a new meaning to your life, […]

What you can do today…

Do not put off to tomorrow the good you can do today, because maybe tomorrow you will not have time. Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), from “Memorie Biografiche”, book IV, chapter XXXVII, 439 (1904) Non mandate al domani il bene che potete fare oggi, perché forse domani non avrete […]

Invest

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett Triples Profits”, “New York Post” (May 14, 1994), Quotations book 2020

Begin

Never is done tomorrow what is not done today. Johann Wolfgang von Goethe – German poet (1749-18329, from “Faust: Part One”, “Prelude on the Stage” (1808)

Margin of Safety

You have to have the knowledge to enable you to make a very general estimate about the value of the underlying business. But you do not cut it close. That is what Ben Graham meant by having a margin of safety. You don’t try and buy businesses worth $83 million for 80$ million. You leave […]

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)

Love

When the power of love overcomes the love of power, the world will know peace. attributed to Jimi Hendrix – born James Marshall Hendrix, American guitarrist, composer and singer (1942-1970), Quotations book 2018

Independence

Like Warren [Buffett], I had a considerable passion to get rich, not because I wanted Ferraris — I wanted the independence. I desperately wanted it. Charlie Munger – Vice Chairman Berkshire Hathaway (b. 1924)

Contentment

He who is not contented with what he has, will not be contented with what he doesn’t have. attributed to Socrates – Greek philosopher (469-399 B.C.)

Character test

Most people can bear adversity, but if you wish to know, what a man really ist, give him power. Robert G. Ingersoll – American jurist and orator (1833-1899); about Abraham Lincoln, American politician, 1861-65 16th president (1809-1865), from “True Greatness Exemplified in Abraham Lincoln” (1883)

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 […]

Dreams and actions

Let your dreams be bigger than your fears and your actions speak louder than your words. wisdom – Quotations book 2019

Are you in the right game?

If no mistake have you made, yet losing you are … a different game you should play. Wisdom from Jedi Master Yoda – character from the book and film series “Star Wars”, from the novel “Shatterpoint” (2004), Quotations book 2017

Success

The secret of success is constancy to purpose. Benjamin Disraeli – English writer and politician, 1868 and 1874-80 Prime Minister (1804-1881), feam a banquet speech at the National Union of Conservative and Constitutional Associations on June 24th, 1872

Escaping the old

The difficulty lies, not in the new ideas, but in escaping from the old ones. John Maynard Keynes – British economist and investor (1883-1946), from “The General Theory of Employment, Interest and Money” (1936), Quotations book 2020

Moral Values

Without commonly shared and widely entrenched moral values and obligations, neither the law, nor democratic government, nor even the market economy will function properly. Vaclav Havel – Czech writer and politician, 1993-2003 president of the Czech Republik (1936-2011)

Without Love

Duty without Love creates annoyance. Truth without Love creates addiction to criticism. Education without Love creates contradiction. Cleverness without Love turns cagey. Responsibility without Love turns inconsiderate. Justice without Love creates hardness. Politeness without Love creates hypocrisy. Order without Love creates pettiness. Knowledge without Love turns obstinate. Power without Love turns violent. Honour without Love […]

Fondation solide

Trees with deep roots grow tall. Frédéric Mistral – French writer and lexicographer of the Occitan language, Nobel Prize in literature 1904 (1830-1914), from his poem “La Brassado” in “Lis isclo d’or” (1875), Quotations book 2018 Les arbres aux racines profondes sont ceux qui montent haut. Lis aubre que van founs soun li que mounton […]

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), […]

Open-minded

Minds are like parachutes – they function only when they are open. wisdom, often attributed to Thomas Dewar, 1st Baron Dewar – Scottish entrepreneur and Whisky destiller (1864-1930), Quotations book 2018

Watchword 2010

Do not let your hearts be troubled. Believe in God, believe also in me. The Bible, John 14:1 (NRSV) – Quotations book 2010 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 […]

Truth

Let us, then, be what we are, and speak what we think, and in all things keep ourselves loyal to the truth. Henry Wadsworth Longfellow – American poet (1807-1882), from “The Courtship of Miles Standish” (1858)

Markets

Markets can remain irrational longer than you can remain solvent. John Maynard Keynes – British economist and investor (1883-1946), Quotations book 2006

Bequeath

I would as soon leave to my son a curse as the almighty Dollar. Andrew Carnegie – Scottish-born American steel industrialist (1835-1919), from “The Gospel of Wealth” (1889)

Invent

Sometimes it’s good to have a screw loose, it gives your ideas more free play. Prof. Dr. Achim Kampker – German engineer and company founder: StreetScooter GmbH (b. 1975)

Listen

When you talk you are only repeating what you already know, but when you listen you may learn something. Wisdom – Quotations book 2017

Practice makes perfect

The harder you practice, the luckier you get. Gary Player – South African retired professional golfer (b. 1935)

Doing well

Thinking well is wise; planning well, wiser; doing well wisest and best of all. Persian proverb – Quotations book 2017

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 – […]

Concise

Broadly speaking, short words are best, and the old words, when short, are best of all. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), from his speech on receiving the “London Times Literary Award” (November 2, 1949), Quotations book 2022

Persuasion indstead of punishment

The great art lies to discern in what the law is to bid restraint and punishment, and in what things persuasion only is to work. John Milton – English poet and political theorist (1608-1674), from “Areopagitica” (1644), Quotations book 2015

Stocks

Buy a stock if you wish the company to be yours – not if you wish the stock to go up. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2022

Blessing or test?

When God provides more money, we often think: This is a blessing! Well, yes, but it would be just as scriptural to think: This is a test! Randy C. Alcorn – director of the Eternal Perspective Ministries and author (b. 1954), from “The Treasure Principle: Discovering the Secret of Joyful Giving” (2001), Quotations book 2017

Leadership

We need leaders not in love with money but in love with justice. Not in love with publicity but in love with humanity. Dr. Martin Luther King Jr. – American civil rights activist and pastor, Nobel Peace Prize 1964 (1929-1968), from his speech “The Birth of a New Age” at the fiftieth-anniversary convention banquet of […]

Knowledge worker

The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the manual worker in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of knowledge work and the knowledge worker.. Peter F. […]

Poverty

The poor stay poor not because they are lazy, but because they have no access to capital. attributed to Milton Friedman – American economist, Nobel Memorial Prize in economic sciences 1976 (1912-2006)

Investment

All intelligent investing is value investing – to acquire more than you are paying for. Investing is where you find a few great companies und then sit on your ass. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at the Berkshire Annual General Meeting 2000

What do you do for others?

When you dream of success, are you ready for endurance? You are ambitious to lead, but are you ready to serve? We all want to get, do we know how to give? We all want to be heard, but are we prepared to listen? We all want to be happy, but do we feel for […]

Courage

Fear is a reaction. Courage is a decision. wisdom, often attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965)

Watchword 2009

What is possible with man is possible with God. The Bible, Lucas 18:27 (NIV) – Zitateheft 2009 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 […]

Optimist

For the optimist life is not the problem but already the solution. attributed to Marcel Pagnol – French writer, playwrigt and director (1895-1974) Pour l’optimiste, la vie n’est pas un problème, mais une solution. attribué à Marcel Pagnol – écrivain, dramaturge et cinéaste français (895-1974)

Leisure

To do nothing at all is the most difficult thing in the world, the most difficult and the most intellectual. Oscar Wilde – Irish writer (1854-1900), from “The Critic As Artist”, scene 2 (1891), Quotations book 2021

Success makes jealous

The number of those who envy us confirms our capabilities. paraphrase of Oscar Wilde – Irsih writer (1854-1900)

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 […]

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)

Rules for Life

Rule 1: Life is not fair – get used to it! Rule 2: Thro world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself. Rule 3: You will NOT make $40.000 a year right out of high school. You won’t be a vice-president with a […]

Fearless

The greatest mistake you can make in life is to be continually fearing that you will make one. Elbert Hubbard – American writer (“Message to Garcia”) and publisher (1856-1915), Quotations book 2014

Back the big edge

Fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), from “Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger” (2000), Quotations book 2021

Crisis

Bad companies are destroyed by crisis, good companies survive them, great companies are improved by them. Andrew Stephen “Andy” Grove – born András István Gróf, Hungarian-born American businessman, co-founder of Intel (1936-2016), in December 1994, quoted in “Creating the Digital Future: The Secrets of Consistent Innovation at Intel” (1998), Quotations book 2022

Law of process

Leadership is developed daily, not in a day. John C. Maxwell – American leadership expert, author and speaker (b. 1947)

Pleasure

Pleasure is the only thing to live for. Nothing ages like happiness. Oscar Wilde – Irish writer (1854-1900), published in “Chamäleon” (1894)

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)

Each individual counts

Individual commitment to a group effort is what makes – a team work – a society work – civilisation work. Vince Lombardi – legendary American football coach (1913-1970)

Democracy

No democracy has ever been inflicted by a famine, and no two democracies have ever made war on each other. Johan Norberg – Swedish writer (b. 1973), from his film “Globalisation Is Good” (2003), Quotations book 2021

Storytelling

People don’t buy WHAT you do, they buy WHY you do it. Simon O. Sinek – American author, speaker and optimist (b. 1973), from “Start with Why: How Great Leaders Inspire Everyone to Take Action” (2009), Quotations book 2018 see Startwithwhy.com

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)

Change agents

We are change agents, we change managers into entrepreneurs, we teach them long-term thinking. Henry Kravis – American private equity manager: KKR (b. 1944), Quotations book 2009

Multiply abilities

It is precisely the organization that is the means to multiply the ability of the individuals. Prof. Guido Stein – Professor of managing at IESE Business School, University of Navarra, Madrid (b. 1964), in “Managing People and Organizations: Peter Drucker’s Legacy” (2010)

Investments

The art of investing in public companies successfully is little different from the art of successfully acquiring subsidiaries. In each case you simply want to acquire, at a sensible price, a business with excellent economics and able, honest management. Thereafter, you need only monitor whether these qualities are being preserved. Warren Buffett – American value […]

Christ

Christ with me, as I do business for Him and people. Christ before me, as I plan my business. Christ behind me, as I review my business. Christ in me; my guiding light in business. Christ beneath me; He is the foundation. Christ above me, He is the owner of my business. Christ on my […]

Earnings

Earnings can be pliable as putty when a charlatan heads the company reporting them. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2005

Trainer

A coach is someone who can give correction without causing resentment. John Wooden – American basketball player and coach (1910-2010), Quotations book 2019 see more at CoachWooden.com

Minimum turnover

The produce of a field stands related to the amount of that mineral ingredient which its soil contains in smallest quantity. Mineral Theory by Prof. Dr. Justus Freiherr von Liebig – German chemist and agricultural scientist (1803-1873), from “Principles of Agricultural Chemistry: With Special Reference to the Late Researches Made in England” (1855)

Knowledge

The important thing is to know what you know and know what you don’t know. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from an interview with “TheMarker” (“Haaretz”, March 23, 2011)

Outperformance

My observation over the past two decades is that most investors who significantly outperform the market over the longer run, do so because of their implicit or explicit utilization of good theories along the way. In using these, they prove less wrong than the consensus and thus end up richer. Dr. Horace “Woody” Brock – […]

Liberty

If liberty means anything at all, it means the right to tell people what they do not want to hear. George Orwell – British writer and journalist (1903-1950), from an unused preface to “Animal Farm” (1945), Quotations book 2022

Start early

Plan the difficult when it is easy; Handle the big where it is small. The world’s hardest work begins when it is easy; The world’s largest effort begins where it is small. from the Tao Te Ching – most significant proverb collection of Daoism (chapter 63, 4th century BC), according to a legend written by […]

True independence

True independence – meaning the willingness to challenge a forceful CEO when something is wrong or foolish – is an enormously valuable trait in a director. It is also rare. The place to look for it is among high-grade people whose interests are in line with those of rank-and-file shareholders – and in line in […]

Confidence

If you have no confidence in self you are twice defeated in the race of life. With confidence you have won even before you have started. Marcus Mosiah Garvey – Jamaican politician and civil right activist, one of Jamaica’s national heroes (1887-1940), from “Philosophy and Options of Marcus Garvey: Or, Africa for the Africans” (1967)

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)

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 […]

Perseverance

It’s not that I’m so smart; it’s just that I stay with problems longer. attributed to Albert Einstein – German physicist, Nobel prize in physics 1921 (1879-1955)

Cookery or medicine

Cookery simulates the disguise of medicine, and pretends to know what food is the best for the body; and if the physician and the cook had to enter into a competition in which children were the judges, or men who had no more sense than children, as to which of them best understands the goodness […]

Bad business

After some other mistakes, I learned to go into business only with people whom I like, trust, and admire. We’ve never succeeded in making a good deal with a bad person. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (*1930), Quotations books 2002 + 2006

Determination

Everyone can rise above their circumstances and achieve success if they are dedicated to and passionate about what they do. Nelson Mandela – South African anti-apartheid activist and politician, 1994-99 president, Nobel Peace Prize (1918-2013), from a letter to Makhaya Ntini on his 100th cricket test (17 December 2009)

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)

Bøn

Bønnen forandrer ikke Gud, men den forandrer den bedende. Prayer does not change God, but changes him who prays. Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark, from his preface to “Edifying Discourses in Diverse Spirits”, part I (1847), Quotations book 2021

Seeing the world

You don’t see the world as it is, you see the world as you are. Wisdom – Quotations book 2017

Ideas

Ideas attract even more ideas! Dr. René Siegl – Austrian manager (b. 1959), Quotations book 2017

Christmas

What is Christmas? It is tenderness for the past, courage for the present, hope for the future. It is a fervent wish that every cup may overflow with blessings rich and eternal, and that every path may lead to peace. attributed to Agnes M. Pharo – American author (1904-1985)

Capital

The highest use of capital is not to make more money, but to make money do more for the betterment of life. Henry Ford – American engineer and industrialist (1863-1947), from “My life and Work” (1922), Quotations book 2009

Hope

Hope is a waking dream. attributed to Aristotle – Greek philosopher (384-322 B.C.), found in Diogenes Laërtius’ (Greek historian and doxographer, 3rd century CE) “Lives and Opinions of Eminent Philosophers” (Book 5, The Peripatetics)

God’s promises

Do not treat God’s promises as if they were curiosities for a museum, but use them as everyday sources of comfort. Trust the Lord whenever your time of need comes on. Charles Haddon Spurgeon – English Baptist pastor (1834-1892), from his sermon “The Child of Light Walking in Darkness” (September 25, 1887)

Från det gamla till det som kommer

To move from the old to what is about to come is the only tradition worth keeping. Marcus “Dodde” Wallenberg – Swedish banker: SEB-Bank (1899-1982), in a letter to his brother Jacob (1946), Quotations book 2018 Att skifta från det gamla till det som kommer är den enda tradition värd att vårda. Marcus “Dodde” Wallenberg […]

Intelligent investor

The intelligent investor is a realist who sells to optimists and buys from pessimists. Jason Zweig – American journalist (b. 1959), in his “Note about Benjamin Graham” in the revised edition of “The Intelligent Investor” (2003), Quotations book 2021

Donors motivation

It gives me a good feeling. Walter Annenberg – American philanthropist, who donated paintings worth 1 Billion $ to the New York Metropolitan Museum on his motivation (1908-2002), Quotations book 2004

Charitable giving

Charitable giving should be a spiritual, rather than economic, decision. Economically, charitable giving never pays. Ron Blue – Christian financial advisor (b.1942)

Responsibility

Freedom means responsibility; that is the reason why most people are afraid of it. George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), Quotations book 2005

Help to improve performance

Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence. Sheryl Sandberg – American manager and philanthropist, COO of Facebook (b. 1969), about “Harvard Business School” in “Lean In for Graduates” (2014), Quotations book 2022

Function

The main problem with functionalism is that it does not function. Stefan Sagmeister – Austrian graphic desinger and typographer (b. 1962), at the “SCHØN” conference in the Augsburg house of prayer (June 2018)

Integrity

Integrity has no need for rules. Albert Camus – Frech philosopher and writer, Nobel Prize in literature 1957 (1913-1960), from “The Myth of Sisyphos” (“Le mythe de Sisyphe”, 1942), Zitateheft 2009

Walk on mountains

The Lord and King gives me strength. … He helps me walk on the highest places. The bible, Habakkuk 3:19 (NIRV)

Investing

Investing is easier than you think, but harder than it looks. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Leader

A leader is one who knows the way, goes the way, and shows the way. John C. Maxwell – American leadership expert, author and speaker (b. 1947), from “The Right to Lead: Learning Leadership Through Character and Courage” (2010)

Imperfect

It is not the perfect, but the imperfect, who have need of love. Oscar Wilde – Irish writer (1854-1900), from “An Ideal Husband” (1899), Quotations book 2020

Compound interest

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. often falsely attributed to Albert Einstein – Quotations book 2008

Risk

Our doubts are traitors And make us lose the good we oft might win By fearing to attempt. William Shakespeare – English writer (1564-1616), from “Measure for Measure”, act 1, scene 4 (1604)

Age

In youth we learn; in age we understand. Marie von Ebner-Eschenbach – Austrian writer (1830-1916), from her “Aphorisms”, published in “Collected Works”, book 1 (1893), Quotations book 2022

Change

You can’t go back and make a new start, but you can start right now and make a brand new ending. James R. Sherman, Ph. D. – American writer (1928-2005), from “Rejection” (1982), often falsely attributed to C.S. Lewis (British writer, 1898-1963), Quotations book 2021

Freedom

There’s nothing in the Ten Commandments forbidding old ladies to climb trees, is there? Astrid Lindgren – Swedish writer (1907-2002), happily to a film crew during the production of the television film “Tuffa gumman” (“The Tough Old Lady”, 1979), Quotations book 2020 Det står väl inte i Mose lag att gamla kärringar inte får klättra […]

Mediocrity

Time is the friend of the wonderful business, the enemy of the mediocre. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2003

Kick-off

When the going gets tough, the tough get going. John Thomas – American football coach: “Green Hornets”, quoted by Joe Scherrer in “Thomas Won’t Let Hornets Scrimmage”, in “The Corpus Christi Times” (September 15th, 1953), Quotations book 2022

Look forward

It is one of life’s laws that as soon as one door closes, another one opens. But the tragedy is that we look at the closed door and disregard the open one. attributed to André Gide – French writer, Nobel Prize in literatue 1947 (1869-1951), Quotations book 2021

Strike

Live life as though nobody is watching, and express yourself as though everyone is listening. advice

Cohesion

When an election is passed, it is altogether befitting a free people, that until the next election, they should be as one people. Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), abolished slavery in 1863, to New York Governor E. D. Morgan and his delegation in Albany, New York, 18th February 1861

Realize

Five Frogs are sitting on a log. Four decide to jump off. How many are left? The answer is five – because there is a difference between deciding and doing. Mark L. Feldman and Michael F. Spratt – American entrepreneurs: Mark L. Feldmann: Start-up Farms International and Destiny Bay Vineyards (b. 1947), Michael F. Spratt: […]

Success

Success is 99% attitude and 1% aptitude. Gary Player – South African retired professional golfer (b. 1935)

Inspiration

Inspiration is contagious. Ryan Boutin – Canadian entrepreneur and marketer, CEO Zeal Media Inc. (b. 1976)

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 […]

Training

Under pressure, you don’t rise to the occasion, you sink to the level of your training. Navy seal wisdom – Quotations book 2019

Quality

The most important loyalty of the artist is the one relating to quality. attributed to Jean-Louis Barrault – French actor, mime Artist and director (1910-1994)

Help others

The more you do for others, the better shape you’re in. Walter Breuning – American railroader and supercentenarian, 2009-2011 world’s oldest known man (1896-2011)

Risk

The biggest risk is not taking any risk. Mark Zuckerberg – American company founder: facebook (b. 1984)

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)

Labour

The labour we delight in physics pain. William Shakespeare – English writer (1564-1616), in “Macbeth” 2nd act, scene 2 “Macbeth” (1623)

Do it

Drucker purified my mind. He would tell me after each session – don’t tell me you had a wonderful meeting with me. Tell me what you are going to do on Monday that’s different. Donald R. Keough – former CEO for Coca Cola (1926-2015) on Peter F. Drucker, Austrian-born management expert (1909-2005), from the interview “Seeing Things […]

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)

Give

The only things we can keep are the things we freely give to God. What we try to keep for ourselves is just what we are sure to lose. C. S. Lewis – British writer (1898-1963), from “Mere Christianity” (1952)

Get smarter

Learning from the success and failure of others is the fastest way to get smarter and wiser without a lot of pain. Tren Griffin – American author and entrepreneur, Senior Director at Microsoft, from “Charlie Munger: The Complete Investor” (2015)

Courage and success

Whenever you see a successful business, someone once made a courageous decision. Peter F. Drucker – Austrian-born management expert (1909-2005), Quotations book 2016

Voyage heureux

He who would travel happily must travel light. attributed to Antoine de Saint-Exupéry – French aviator and writer (1900-1994), Quotations book 2017 Pour voyager heureux, voyagez léger. attribué à Antoine de Saint-Exupéry – écrivain, et aviateur français (1900-1944), Brochure de citation 2017

Property

Property … is the only solution men have yet discovered to the problem of reconciling individual freedom with the absence of conflict. Law, liberty, and property are an inseparable trinity. Friedrich August von Hayek – Austrian economist and social philosopher, Nobel Memorial Prize in economic sciences 1974 (1899-1992), from “Law, Legislation And Liberty”, Volume 1 (1973), Quotations […]

Trust

If you can’t trust the CEO with your children should something happen to you. You should not go on the board. . Armando Codina – American entrepreneur and investor (b. 1946)

Patience

I will put out the fire of anger with the water of patience. ཁོང་ཁྲོའི་མེ་ལ་བཟོད་པའི་ཆུས་བྲན་པ Tibetan proverb

Three rules for a career

1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; 3) Work only with people you enjoy. Charlie Munger – Vice Chairman Berkshire Hathaway (b. 1924)

Fear of God

The fear of God is a fountain of life, turning a man from the snares of death. The Bible, Proverbs 14:27 (NIV) – Quotations book 2010

Sound investing

(Benjamin Graham) wasn’t about brilliant investments and he wasn’t about fads or fashion. He was about sound investing and I think sound investing can make you very wealthy if you’re not in too big of a hurry. And it never makes you poor, which is better. Warren Buffett – American value investor, Chairman of Berkshire Hathaway […]

Virtues

Hard work, honesty, if you keep at it, will get you almost anything. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

Real world

In all my years in investing, there’s one rule I’ve prized beyond every other: Always bet against central banks and with the real world. In the seventies, the central banks were defending the United States’ artificially low price of gold. Central banks and governments always try to maintain artificial levels, high or low, whether of […]

Recognize shortcomings

Recognize the skills and traits you don’t possess, and hire people who have them. Howard Schultz – American entrepreneur (Starbucks) (b. 1953), Quotations book 2008

Sow and reap

If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, […]

Secret of success

The secret of success is constancy to purpose. Benjamin Disraeli – English writer and politician, 1868 and 1874-80 Prime Minister (1804-1881), in a banquet speech of the National Union of Conservative and Constitutional Associations on June 24th, 1872

Repeat, repeat, repeat

You need to repeat yourself so often, you get sick of hearing yourself say it, and only then will people begin to internalize what you’re saying. Jeffrey “Jeff” Weiner – American businessman, CEO LinkedIn (b. 1970), from an interview with “Time” (April 28th, 2014), Quotations book 2021

What God tells us

The world tells us to seek success, power and money; God tells us to seek humility, service and love. Huius mundi ratio ad successum nos dominatumque propellit; Dei tamen mens ad humilitatem, ministerium atque amorem incitat. Pope Francis – born Jorge Mario Bergoglio, since 2013 Holy Father (b. 1936), in a message on Twitter (2nd […]

Worth

It’s almost impossible to overpay the truly extraordinary CEO… but the species is rare. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Consumer

An educated consumer is our best consumer. Sy Syms – American businessman and company founder: SYMS clothing store chain (1926-2009)

Facilitate rather than arbiter

Frequently, we act as arbiters of grace rather than its facilitators. But the Church is not a tollhouse; it is the house of the Father, where there is a place for everyone, with all their problems. Pope Francis – born Jorge Mario Bergoglio, since 2013 Holy Father (b. 1936), from the Apostolic Exhortation “Evangelii Gaudium”, N° […]

Expensive habit

The seven most expensive words in any business are: “We have always done it that way!” Catherine DeVrye – Australian motivational speaker and entrepreneur: Greatmotivation, Quotations book 2019

Finished

When you’re finished changing, you’re finished. attributed to Benjamin Franklin – American politician, writer and scientist (1706-1790)

Reading as key

Someone who understands how to read, possesses the key to great deeds, to undreamed possibilities. attributed to Aldous Leonard Huxley – British writer (1894-1963)

Bear risks

It’s the investor’s job to intelligently bear risk for profit. Doing it well is what separates the best from the rest. Howard S. Marks – American investor, Co-Chairman Oaktree Capital Management (b. 1946), from “The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor” (2012), Quotations book 2018

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)

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)

Patience

I just wait until there is money lying over in the corner, and all I have to do is go over there and pick it up. James B. “Jim” Rogers – American star investor, business columnist and author (b. 1942)

Life

Life is like riding a bicycle. To keep your balance you must keep moving. Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955), in a letter to his son Eduard (5th February 1930), Quotations book 2008

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 […]

Well prepared

If I had eight hours to chop down a tree, I’d spend six sharpening my ax. wisdom, often falsely attributed to Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), abolished slavery in 1863; the Lincoln Presidential Library in Springfield (Illinois) called his authorship most unlikely

Delegate

I work on the principle that you should never do something that others can do for you. attrubited to John D. Rockefeller – American oil magnate, sunday’s School teacher and world’s richest man at his time (1839-1937)

Go where the action is

A desk is a dangerous place from which to view the world. John le Carré – born David John Moore Cornwell, British author (1931-2020), Quotations book 2018

Quality

The customer still thinks on the quality of our products, when he has long forgotten the price. Business slogan – Quotations book 2015

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)

Securities

Once you attain competency, diversification is undesirable. One or two, or at most three or four, securities should be bought. Gerald M. Loeb – American investor (1899-1974), from “The Battle for Investment Survival” (1935), Quotations book 2019

Be yourself

’Become free to be yourself’. Trying to copy others won’t help who you were meant to be. What’s wrong with being that genuine and capable person you really are? Everybody has something unique to contribute. Celebrate yourself and what you have to offer. Dr. Howard Murad – American physician, Associate Clinical Professor of Medicine at […]

Motivation

The more I want to get something done, the less I call it work. Richard Bach – American writer (b. 1936), from “Illusions: The Adventures of a Reluctant Messiah” (1977)

Entrepreneurs

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by […]

Progress

Progress is precisely that which the rules and regulations did not foresee. Ludwig von Mises – Austrian economist (1881-1973), from “Bureaucracy” (1944), Quotations book 2015

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)

Idealism

There is indeed little merit in being idealistic if the provision of the material means required for these idealistic aims is left to somebody else. It is only where a person can himself choose to make a material sacrifice for a nonmaterial end that he deserves credit. Friedrich August von Hayek – Austrian economist and […]

Smile

A smile is the universal welcome. Max Eastman – American writer (1883-1969), from “The Sense of Humor” (1921), Quotations book 2020

Profit and cash

Net profit is an opinion. Cash is a fact. Whitney R. Tilson – American hedge fonds manager (b. 1966), Quotations book 2010

Decide brave

Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in his letter to the shareholders (2016), Quotations book 2020

Successful life

To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and endure the betrayal of false friends; to appreciate beauty, to find the best in others; to leave the world a bit better, whether by a healthy child, a garden patch, […]

Money doesn’t bring happiness

I have made many millions but they have brought me no happiness. attrubited to John D. Rockefeller – American oil magnate, sunday’s School teacher and world’s richest man at his time (1839-1937)

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 […]

The way to the stars

There is no easy way from the earth to the stars. Non est ad astra mollis e terris via. Lucius Annaeus Seneca – Roman philosopher (4 B.C.-65 A.C.), from his comedy “Hercules Furens”, line 437 “Megara” (c. 54)

Friendship

Ὧν ἡ σοφία παρασκευάζεται εἰς τὴν τοῦ ὅλου βίου μακαριότητα, πολὺ μέγιστόν ἐστιν ἡ τῆς φιλίας κτῆσις. Epicurus from Samos – Greek philosopher (341-270 B. C.); from “Lives and Opinions of Eminent Philosophers” (Book ten, Epicurus) by Diogenes Laërtius (Greek historian and doxographer, 3rd century CE)

Work

There’s a lot of big egos in this industry. Most chief executives got into this business because they want to travel for a living. Not me, I want to work. Michael O’Leary – Irish businessman, who made Ryanair one of the largest European airlines (b. 1961), Quotations book 2017

Invest brave

When you see it, bet big. Stanley F. “Stan” Druckenmiller – American investor, hedge fonds manager and philanthropist (b. 1953), in his speech at the “Lost Tree Club” (01/18/2015), Quotations book 2020

Late surprises

As in the case with marriage, business acquisitions often deliver surprise after the “I do’s”. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Hathaway Shareholders (2016), Quotations book 2022

Lies

A lie will fly around the whole world while the truth is getting its boots on. attributed to Mark Twain – Born Samuel Langhorne Clemens, American writer (1835-1910)

Capital allocation

Capital allocation is the CEO’s most important job. William N. Thorndike, Jr. – American writer (*1963), from “The Outsiders – Eight Unconventional CEOs and Their Radically Rational Blueprint for Success” (2012), Quotations book 2021

Money

Money is like muck – not good except it be spread. Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from the essay “Of Seditions and Troubles” (1625), Quotations book 2015

Hope

Hope is definitely not the same thing as optimism. It is not the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out. Dr. h. c. Václav Havel – Czech writer and politician, 1993-2003 president of the Czech Republik (1936-2011), from “Disturbing the peace: a […]

Depression

This is a nightmare, which will pass away with the morning. For the resources of nature and men’s devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as before of affording for everyone a […]

Sense of Christmas

The most precious gift that we can give to someone is the time we take to spend with them. If we appreciate this, we have understood the meaning of Christmas. Roswitha Bloch – German lyricist, aphorist and lecturer (b. 1957), Quotations book 2017

Learn from enemies

The wise learn many things from their enemies. Ἀλλ´ ἀπ´ ἐχθρῶν δῆτα πολλὰ μανθάνουσιν οἱ σοφοί. Aristophanes – Greek comic playwright (455-385 B.C.), from “The Birds”, l. 375 (“Ὄρνιθες”, 414 B.C.), Quotations book 2022

Charity work

Doing charity work is the opposite of investing – we look for the most difficult problem to solve and the ones that have the lowest possibility of success. Wisdom- Quotations book 2008

Basis for success

I attribute my success to this – I never gave or took an excuse. Florence Nightingale – English nurse, founder of modern nursing (1820-1910), from a letter to Miss H. Bonham Carter (1861), Quotations book 2019

Go ahead and do it

If it’s a good idea, go ahead and do it. It is much easier to apologize than it is to get permission. Grace B. M. Hopper – American compoter pioneer, member of the US Navy (1906-1992), Quotations book 2017

Dream

You see things; and you say “Why?” But I dream things that never were; and I say “Why not?” George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), from “Back to Methuselah” (1922), Quotations book 2021

Successful

You don’t have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream. Michael S. Dell – American investor and company founder (b. 1965), quoted in “The Entrepreneur” (October 13th, 2012), Quotations book 2020

Complete, do nots top

Entrepreneurs don’t finish when we are tired. We finish when we are done. Robert T. Kiyosaki – American businessman and author (b. 1947), in a facebook message (March 19th, 2013), Quotations book 2021

Perseverance.

Genius I cannot claim nor even extra brightness, but perseverance all can have. Woodrow Wilson – American politician, 1913-21 28th president, Nobel Peace prize 1919 (1856-1924), from his shorthand diary of 1876

Riches

Where riches hold the dominion of the heart, God has lost his authority. attributed to John Calvin – born Jean Cauvin, French reformator and founder of the Calvinism (1509-1564)

Characters

The world consists of those who make things happen, those who watch something happening, and those who ask what happened. Norman R. Augustine – American manager, former CEO of Lockheed Martin Corporation (b. 1935), Quoations book 2009

Want or excuse

If you really want something you will find a way. If you don’t you will find an excuse. Arabic proverb – Quotations book 2018

Persistence

Nothing in this world can take the place of persistence. Talent will not – nothing is more common than unsuccessful men with talent. Genius will not – unrewarded genius is almost a proverb. Education will not – the world is full of educated derelicts. Persistence and determination alone are omnipotent. Calvin Coolidge – American politician, […]

Strain

Don’t wish it were easier, wish you were better. Don’t wish for fewer problems, wish for more skills. Don’t wish for less challenge, wish for more wisdom. Jim Rohn – American entrepreneur, author and motivational trainer (1930-2009), from “The Art of Exceptional Living” (1993)

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)

Estimating correct

I have made my money by observing that people in general exaggerated the importance of events. David Ricardo – British investor and economist (1772-1823), Quotations book 2015

Greed

A greedy man brings trouble to his family, but he who hates bribes will live. The Bible, Proverbs 15:27 (NIV) – Quotations book

Optimum legacy

[The perfect amount to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from the article “Should you leave it all to the children?” (“Fortune Magazine”, September 29, 1986)

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. […]

The lesson of the Samurai

Many are those who will give advice, but few are those who will accept it with gratitude, and even fewer are those who will follow it. After the age of 30, man becomes generally impermeable to guidance. And when guidance no longer reaches him, he rapidly becomes full of pride and self-interest. For the rest […]

Goals

Don’t just aspire to make a living. Aspire to make a difference. Denzel Washington – American actor, director, producer and keynote speaker (b. 1954), in his commencement address at Dillard University (May 9th, 2015), Quotations book 2019

Free people

Free people make mistakes and willingly take risks. If we hold politicians responsible for everything that goes wrong, they will take away our liberty so that nothing can go wrong. They will do this not for our protection against risk, but for their own protection against criticism. Jonathan Philip Chadwick Sumption, Lord Sumption – British […]

Doings

I wish Karl would acquire some capital, instead of just writing about it. attributed to Henrietta Marx – Karl Marx’ mother ( 1788-1863), quoted in “The World’s Greatest People. All Things Family, Audio CD, Vol. 1, Disk 6”, Quotations book 2008

Root of all Evil

I have found the root of all the trouble to be the neglect of prayer. The first renewal in the society must begin with prayer. Mother Teresa – born Agnes Gonxha Bojaxhiu, Albanian-born Indian nun and order’s founder, Nobel Peace Prize 1979 (1910-1997)

Accept decisions

Elections belong to the people. It’s their decision. If they decide to turn their back on the fire and burn their behinds, then they will just have to sit on their blisters. wisdom, often attributed to Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), abolished slavery in 1863; the Lincoln Presidential Library in Springfield […]

Simple

The Three Wise Men found Bethlehem without GPS. The Sheperds learned about the Good News without WhatsApp. The Evangelists put it all down to writing. It is so simple to share the Word. Werner Tiki Küstenmacher – German pastor, author and caricaturist (b. 1953), Quotations book 2018

Committee decisions

Committees can criticize, but they cannot create. Search all the parks in all your cities. You’ll find no statues of committees. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999)

Democracy

Democracy is a device that ensures we shall be governed no better than we deserve. attributed to George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950)

Obedience

Obedience to princes is a general compact of human society – how much more, then, ought we unhesitatingly to obey God, the Governor of all his creatures! Generale quippe pactum est societatis humanae oboedire regibus suis – quanto magis deo regnatori universae creaturae suae ad ea quae iusserit sine dubitatione serviendum est! Augustine of Hippo […]

Input

The man who does more than he is paid for will soon be paid for more than he does. Napoleon Hill – American writer: “Think And Grow Rich” (1883-1970), Quotations book 2019

Scepticism or pessimism

Scepticism and pessimism aren’t synonymous. Scepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive. Howard S. Marks – American investor, Co-Chairman Oaktree Capital Management (b. 1946), from “The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor” (2012), Quotations book 2018

Motivation

You cannot motivate the best people with money. Money is just a way to keep score. The best people in any field are motivated by passion. Eric S. Raymond – founder of the “Open Source” movement (b. 1957), Quotations book 2006

I don’t give a shit

The opposite of beauty is not ugly. It’s ‘I don’t give a shit’. Stefan Sagmeister – Austrian graphic desinger and typographer (b. 1962), at the “SCHØN” conference in the Augsburg house of prayer (June 2018)

War

Of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies and debts and taxes are the known instruments for bringing the many under the domination of […]

Progress

Today progress happens so fast that when someone declares a problem to be completely impracticable and unsolvable in the next moment he is interrupted by someone else who has already solved and realized the Problem. attributed to Albert Einstein – German physicist, Nobel prize in Physics 1921 (1879-1955)

Creating value

Many managers wonder why we create value where they don’t succeed. That is due to the factors we talked about: The 100-day plan, the measuring systems, entrepreneurial mentality that we encourage and our way of control. Henry Kravis – American private equity manager (KKR) (b. 1944)

Using resources more fruitfully

The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield. based on Jean-Baptiste Say – French economist and businessman (1767-1832), quoted by Peter F. Drucker (Austrian-born American management thinker, 1909-2005) in “Innovation and Entrepreneurship: Practice and Principles” (1985)

Security

Security is mostly a superstition. It does not exist in nature, nor do the children of men as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure, or nothing. Helen Keller – American deaf-blind writer (1880-1968), from “The Open Door” (1957), Quotations […]

God’s work

God’s work done in God’s way will never lack God’s supply. J. Hudson Taylor – called “Pioneer in the Forbidden Land”, English missionary in China (1832-1905)

See the reward

Everyone can tell you the risk. An entrepreneur can see the reward. Robert T. Kiyosaki – American businessman and author (b. 1947), in a facebook message (January 15th, 2013), Quotations book 2021

Wisdom and diligence

Those who are wise won’t be busy, and those who are too busy can’t be wise. Lin Yutang – Chinese philosopher (1895-1976), from “The Importance of Living” (1937)

Role models

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2020

Loyalty

Customers will never love a company until the employees love it first. Simon O. Sinek – American author, speaker and optimist (b. 1973), from “Leaders Eat Last Deluxe: Why Some Teams Pull Together and Others Don’t” (2014), Quotations book 2019 see Startwithwhy.com

Conflicts

Treat conflicts always as a clash of ideas, not of people. Prof. Robert Kegan – American developmental psychologist and author (b. 1946), Quotations book 2016

Give

Having, first, gained all you can, and, secondly saved all you can, then give all you can. John Wesley – English preacher (1703-1791), from his sermon “The Use of Money” (1760)

Tough times

Tough times never last … but tough people do! Dr. Robert H. Schuller – American evangelist and reformed priest (1926-2015), Quotations book 2007

Time management

The people who acknowledge that they have a limited amount of time and live with a sense of urgency have the best chances of living to their full potential. Dr. W. Stanley Beecham – American psychologist, author and business consultant (b. 1961), from “Elite Minds: How Winners Think Differently to Create a Competitive Edge and […]

Future

Teach us to realize how short our lives are. Then our hearts will become wise. The Bible, Psalms 90:12 (NIRV) – Quotations book 2009

Entrepreneurs

Entrepreneurs recognize and pursue opportunity without regard to the resources they currently control. They find creative ways to acquire the resources to achieve their goals. Robert Reiss – American radio host, founder of the “The CEO-Show” (b. 1961)

God’s thoughts

To understand God’s thoughts we must study statistics, for these are the measure of His purpose. Florence Nightingale- English nurse, founder of modern nursing (1820-1910), quoted by Karl Pearson in “The Life, Letters and Labours of Francis Galton”, Volume II (1924), Quotations book 2021

Happiness and grief

A happy heart makes the face cheerful, but heartache crushes the spirit. The Bible, Proverbs 15,13 (NIV) – Quotations book 2010

Simplicity

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Enthusiasm

Look for the activity, that gives you the energy you put into it back to you in the form of enthusiasm. William “Bill” Hybels – American Evangelical minister, founding and former senior pastor of Willow Creek Community Church (b. 1951), in his notes to the “Global Leadership Summit 2017”

Giving

It is an anomaly of modern life that many find giving to be a burden. Such persons have omitted a preliminary giving. If one first gives himself to the Lord, all other giving is easy. attributed to John S. Bonnell – American pastor and author (1893-1992), Quotations book 2009

Patience

The big money is not in the buying and selling, but in the waiting. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

Yes and No

The oldest, shortest words, “yes” and “no”, are those which require the most thoughts. attributed to Pythagoras of Samos – Greek philosopher and mathematician (c. 570-501 B.C.), Quotations book 2017

Felicità

Ricordate che felici rende solo il buon operar. Don Giovanni Melchiore Bosco – sacerdote cattolici e pedagogo italiano (1815-1888), de “Memorie biografiche di San Giovanni Bosco” (Benda 12, 1931)

Keep it simple

One of the greatest ways to avoid trouble is to keep it simple. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at the “Wesco Financial” Annual meeting (2008)

Reputation

Worldly wisdom teaches us that it is better for reputation to fail conventionally than to succeed unconventionally. John Maynard Keynes – British economist and Investor (1883-1946), Quotations book 2007

Goals

People are not lazy. They simply have impotent goals – that is, goals that do not inspire them. attributed to Anthony Robbins – American author and motivational speaker (*1960)

Concentrate

Multitasking makes you stupid. Doing more than one thing at a time makes you slower and worse at both tasks. Don’t do it. If you think this doesn’t apply to you, you’re wrong – it does. Dr. Jeff Sutherland – American software engineer and entrepreneur, inventor of the Scrum software development process (b. 1941), in […]

Getting forward

The secret of getting forward is to make the first step. Proverb, often attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), Quotations book 2017

Heroes

You’re lucky in life if you have the right heroes. … Pick out a few heroes. There’s nothing like the right ones. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2020

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)

Make decisions

It’s not hard to make decisions when you know what your values are. Roy E. Disney – American film producer, nephew of Walt Disney (1930-2009), Quotations book 2005

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)

Happiness

Happiness resides not in cattles, and not in gold, happiness dwells in the soul. εὐδαιμονίη οὐκ ἐν βοσκήμασιν οἰκεῖ οὐδὲ ἐν χρυσῶι· ψυχὴ οἰκητήριον δαίμονος. Democritus from Abdera – Greek philosopher (c. 460 -371 B.C.), fragment 171

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)

Act

Predicting rain doesn’t count. Building arks does. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (2001), Quotations book 2018

Raise the bar

Competent investors will never be satisfied beating the averages by a few small percentage points. Gerald M. Loeb – American investor (1899-1974), from “The Battle for Investment Survival” (1935), Quotations book 2019

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. […] […]

Future

We are all interested in the future, for that is where you and I are going to spend the rest of our lives. Criswell (aka “The Amazing Criswell”) – born Jeron Criswell Konig, American Entertainer and spycic  (1907-1982), from the beginning speech of the science fiction movie “Plan 9 From Outer Space” (1957)

Business cycles

Every business cycle has three phases. In the first, innovators get rich. In the second, imitators get rich. In the third, idiots get rich – and then lose it. attributed to Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Small people

Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great. attributed to Mark Twain – born Samuel Langhorne Clemens, American writer, (1835-1910), Quotations book 2008

Investment in Christ

Christ with me, as I invest for the common good and God’s glory. Christ before me, as I steward the wealth entrusted to me. Christ behind me, as I evaluate opportunities near and afar. Christ in me, as I invest time, treasure and talents in others. Christ beneath me; He is the foundation. Christ above […]

Hvem du er

Det er det du gjør og ikke det du sier som viser hvem du egentlig er. Norsk ordtak – Sitater bok 2017 It’s what you do, not what you say, that shows who you really are. Norwegian proverb – Quotations book 2017

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,, […]

Success

Success consists of going from failure to failure without loss of enthusiasm. wisdom, often attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965)

Strong beliefs

Strong beliefs win strong men, and then make them stronger. Walter Bagehot – English economist and author, editor in chief of “The Economist” (1826-1877), from “Physics and Politics Or Thoughts on the Application of the Principles of Natural Selection and Inheritance to Political Society” (1872), Quotations book 2020

You always meet twice

Be kind to everyone on the way up; you’ll meet the same people on the way down. Wilson Mizner – American playwright, raconteur, and entrepreneur (1876-1933), from “San Francisco Chronicle” (5.7.1932), Quotations book 2022

The better happens

If what we want does not happen, it will still happen what is better. Si non fiet, quod volumus, fiet tamen, quod melius est. Martin Luther – German reformer (1483-1546), from his letter to Philipp Melanchthon from the Coburg (12.11.1529), Quotations book 2019

Advertisement

If you cut down advertisement to save money, you might as well stop your watch to save time. attributed to Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2009

Goal

A goal is a dream with a deadline. Napoleon Hill – American writer: “Think And Grow Rich” (1883-1970), Quotations book 2020

Stock market success

To make money in stocks you must have the vision to see them. The courage to buy them and the patience to hold them. George Fisher Baker – American financier and philanthropist (1840-1931), quoted by Thomas Phelps (American stocks analyst, 1902-1992) in “100 to 1 in the Stock Market” (1972), Quotations book 2015

Boldness

The man who goes farthest is generally the one who is willing to do and dare. The sure-thing boat never gets far from shore. Dale Carnegie – born Dale Carnagey, American author and personality coach (1888-1955)

Opportunity

Every moment in life, every opportunity is a choice to innovate and have an impact. Dr. Frances A. Colón – Puerto Rican neuroscientist and political adviser

Act

To obtain better results than the others, you must do someting different than the others. attributed to Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2016

Calm

Content and peace of mind are valuable things. Johann Wolfgang von Goethe – German poet (1749-1832), from “The Sorrows of Young Werther”, Second book (1774)

Continue

There are more people who surrender, than those who fail. attributed to Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2015

Artists and bankers

When bankers get together for dinner, they discuss art. When artists get together for dinner, they discuss money. attributed to Oscar Wilde – Irish writer (1854-1900), Quotations book 2017

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)

Imagination

Logic will get you from A to B. Imagination will take you everywhere. wisdom – Quotations book 2018

Façonner l’avenir

Pour ce qui est de l’avenir, il ne s’agit pas de le prévoir, mais de le rendre possible. Antoine de Saint-Exupéry – écrivain et aviateur français (1900-1944), de “La Citadelle” (1948)

Silence

God’s native language is silence, the church fathers say. Silence is God’s voice, and that voice says, “I love you, I love you, I love you.” For silence is the space that God has made within his Being for us to be. This is love: to let the other be, to open a space within […]

Watchword 2021

Jesus Christ said: Be merciful, just as your Father is merciful. The Bible, Lucas 6:36 (NIV) – Quotations book 2021 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 […]

Challenge

Difficulties break some men but make others. Nelson Mandela – South African anti-apartheid activist and politician, 1994-99 president, Nobel Peace Prize (1918-2013), from a letter to Winnie Mandela from Robben Island (February 1st, 1975)

Foresight

I skate to where the puck is going to be, not where it has been. Wayne Gretzky – Canadian ice hockey player and coach (b. 1961), Quotations book 2016

Greediness and idolatry

If anyone does not refrain from the love of money, he will be defiled by idolatry and so be judged as if he were one of the heathen. Polycarp of Smyrna -early Christian theologian, Bishop of Smyrna, one of the Apostolic Fathers(ca.69/70 – ca. 155/156), in his letter to the Philippians

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), […]

Sans dette

Beware of bankers. Freedom is priceless. French bon mot Méfiez-vous des banquiers. La liberté n’a pas de prix. bon mot français

Facts

The great thing about fact-based decisions is that they overrule the hierarchy. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), quoted in “Jeff Bezos: Definitive Guide to PR and Marketing For Founders and Entrepreneurs — Pressfarm” (2018), Quotations book 2021

Change

To live is to change, and to be perfect is to have changed often. John Henry Cardinal Newman – English Catholic clergyman (1801-1890), from “An Essay on the Development of Christian Doctrine”, Chapter 1, Part 7 (1845), Quotations book 2019

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)

Obsession

Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican. When he returned, his parish held a special meeting to get his firsthand account of the Pope. “Tell us,” said the eager faithful, “just what sort of fellow is he?” Our […]

Think more

People calculate too much and think too little. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at the annual Berkshire Hathaway shareholder’s meeting (2002), Quotations book 2021

Listen

Most of the successful people I’ve known are the ones who do more listening than talking. Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965), Quotations book 2010

Goal

When we find a purpose that is bigger than ourselves, we become more powerful in our ability to create. Jack Delosa – Australian author and investor, founder and CEO of The Entourage (b. 1987), Quotations book 2018

Best executive

The best executive is one who has sense enough to pick good people to do what he wants done, and self-restraint enough to keep from meddling with them while they do it. Thaddeaus Hammond – American banker and former farmer, president of the Farmers’ National Bank and the Rotary Club Overton, from J. R. Sprague’s […]

Passion

Do it with passion, or not at all. wisdom, attributed to Rosa Nouchette Carey – English children’s writer (1840-1909)

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)

Customer focus

Our culture emphasizes rapid innovation and prioritizes user engagement over short-term financial results. from the prospectus of facebook, Inc. (2012)