Entries by Christoph Niemann

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 […]

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)


Եօթ անգամ չափիր, մէկ անգամ կտրիր. Masure twice and cut once. Armenian proverb – Quotations book 2016


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)


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

At the summit, it gets harder

Life always gets harder toward the summit – the cold increases, the responsibility increases. Friedrich Nietzsche – German philosopher (1844-1900), from “The Antichrist” (1895)


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


Out of the freedom from worry that God’s generosity provides comes an impulse toward simplicity rather than accumulation. John Piper – American pastor and author (b. 1946)


A good leader inspires men to have confidence in him; a great leader inspires them to have confidence in themselves. Wisdom – Quotations book 2015

New paths

It would be absurd and self-contradictory to expect to achieve things, which have never yet been done can be done, other than through means that have never yet been tried. Insanum quiddam esset, et in se contrarium, existimare ea, quae adhuc nunquam facta sunt, fieri posse, nisi per modos adhuc nunquam tentatos. Sir Francis Bacon […]


Criticism is the fertilizer of learning. attributed to Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2018


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

Bevore you …

Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. William Arthur Ward – American writer (1921-1994), from his poem “Before You” (1963), Quotations book 2020


For a seed to achieve its greatest expression, it must come completely undone. The shell cracks, its insides come out and everything changes. To someone who doesn’t understand growth, it would look like complete destruction. Cynthia Occelli, JD – American author and entrepreneur

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 […]

Valor da libertade

Educate your children, educate yourself, in the love for the freedom of others, for only in this way will your own freedom not be a gratuitous gift from fate. You will be aware of its worth and will have the courage to defend it. Joaquim Aurélio Barreto Nabuco de Araújo – Brazilian politician, historian and […]


Grace is loving people for who they are, where they are. It’s loving people before they change, not just after they change. Mark Batterson – American pastor and author (b. 1969), from “All In: You Are One Decision Away From a Totally Different Life” (2013), Quotations book 2020


Time is your friend, impulse is your enemy. John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (b. 1929)


Difficulties exist to be surmounted. Ralph Waldo Emerson – American writer (1803-1882), from a speech at Cambridge, July 18th, 1867


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

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


Philanthropy is harder than business. You are tackling important problems that people with intellect and money have tackled in the past and had a tough time solving. Warren Buffett – American investor, Chairman of Berkshire Hathaway (b. 1930), from ” The Snowball: Warren Buffett and the Business of Life” by Alice Schroeder (2008), Quotations book 2017

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)


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


Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome while trying to succeed. Booker T. Washington – American educator, social reformer and civil rights activist (1856-1915)


No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)


Opportunities do not float like clouds in the sky. They are attached to people. If you’re looking for an opportunity, you’re really looking for a person. Reid G. Hoffman – American entrepreneur, co-founder LinkedIn (b. 1967), Quotations book 2019


Habit is habit, and not to be flung out of the window by any man, but coaxed down-stairs a step at a time. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “Pudd’nhead Wilson and Those Extraordinary Twins” (Chapter VI, 1884)


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”

Learn from mistakes

Failure is simply the opportunity to begin again, this time more intelligently. Henry Ford – American engineer and industrialist (1863-1947), from “My Life and Work” (1922), Quotations book 2021


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


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)

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)


Every man has a right to be wrong in his opinions. But no man has a right to be wrong about his facts. attributed to Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965)

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


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

Reading strenghtens

Reading is to the mind, what exercise is to the body. Joseph Addison – British politician and writer (1672-1719), in “The Tatler”, N° 147 (1709), Quotations book 2018


Jesus comes into our night so that we can come into his light. Peter Hahne – German television host and 1992-2009 member of the German Evangelical Church Council (b. 1952), Quotations book 2012

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


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


A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett on Business: Principles from the Sage of Omaha” (2009)


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


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)

Why God loves

God loves us not because we are lovable, but because He ist love. C. S. Lewis – Britisch writer (1898-1963), from Collected Letters of C.S. Lewis: Volume III, Letter to Mary Van Deusen, May 25, 1951

The crisis

Do not pretend that things will change if we always do the same. The crisis is the best blessing that can happen to people and countries, because the crisis brings progress. Creativity is born from the distress, as the day is born from the dark night. It is in crisis that invention, discovery and large […]

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


Success doesn’t just come and find you, you have to go out and get it. Evan Carmichael – Canadian consultant and company founder (b. 1980), Quotations book 2017


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 […]

Get ahead

Step by step you get ahead but not necessarily in fast spurts. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

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)


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


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

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”

You need 3 things for your succes

To make your way in life you need 3 things: A deep sense of inner purpose and the will to renew it. A clear vision of where you want to get to and the energy to pursue it. And courage. Courage to take steps which others might fear to take. Ralph Coverdale – British psychologist, […]

Limits of wishful thinking

Wishful thinking can dominate much of the work of a profession for a decade, but not indefinitely. Prof. Robert J. Shiller – American economist, Nobel Memorial Prize in economic sciences 2013 (b. 1946), in “From Efficient Market Theory to Behavioral Finance” (2002)


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)


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


Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it.. attributed to Johann Wolfgang von Goethe – German poet (1749-1832)

Think for yourself

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

Acto con amor

The Lord does not look so much to the grandeur of our works as to the love with which they are done. Teresa of Àvila – spanish mystic and Catholic nun (1515-1582), from “Interior Castle” (1588), Quotations book 2017 El Señor no mira tanto la grandeza de las obras como el amor con que se […]

Study and action

Action without study is fatal. Study without action is futile. Axiom of the League of Women Voters’ of the United States, quoted in “The National Voter” (Supplement to the October 1967 issue), Quotations book 2019

Wall Street

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2007

Sell eqipment instead of digging for gold

Since the Industrial Revolution began, going downstream – investing in businesses that will benefit from new technology rather than investing in the technology companies themselves – has often been the smarter strategy. Ralph Wanger – American fund manager (b. 1934), Quotations book 2019


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

Change the world

Never doubt that a small group of thoughtful, committed citizens can change the world.® Indeed, it is the only thing that ever has.. Margaret Mead – American anthropologist and ethnologian (1901-1978), Courtesy of The Institute for Intercultural Studies, Inc., New York, Quotations book 2008

Intelligent investment

Investment is most intelligent, when it is most businesslike. Benjamin Graham – born as Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976), from “The Intelligent Investor” (1949), Quotations book 2015

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 […]


Never delegate understanding. Eames Demetrios – American artist and photographer (b. 1962), from “An Eames Primer” (2001), a book about his grandparents, the designer couple Charles and Ray Eames, Quotations book 2019

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 […]


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 […]


Do what you can and leave the rest to God. Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), from “Memorie Biografiche”, book XIII, chapter XXVI, 832 (1932), Libretto delle citazioni 2021 Fa’ quello che puoi, e Dio farà il resto. Don Giovanni Melchiore Bosco – sacerdote cattolici e pedagogo italiano (1815-1888), de […]


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


I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful. Warren Buffett -American value investor, chairman of Berkshire Hathaway (b. 1930), Quotations book 2007

Vivre l’Évangile

(Christ) tu me répétais: Vis le très peu de choses que tu as compris de l’Évangile! Frère Roger – né comme Roger-Louis Schutz-Marsauche, fondateur de la “Communauté de Taizé” œcuménique (1915-2005), de la lettre “Vivre l’inespéré”, à l’ouverture du “Conseil de la Jeunesse” (30.8.1974), Brochure de citation 2019


To carry one’s eggs in a great number of baskets without having time or opportunity to discover how many have holes in the bottom is the surest way of increasing risk and losses. John Maynard Keynes – British economist and investor (1883-1946), Quotations book 2006


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


Your capacity to say “No” determines your capacity to say “Yeas”. You have to say “No” to lesser things in order to say “Yeas” to greater things. E. Stanley Jones – American Methodist Christian missionary and seminarist (1894-1973), in “Abundant Living” (1942), Quotations book 2021


Успех – это успеть. Мари́на Ива́новна Цвета́ева – Русский Люрикер (1892-1941) Success is to be in time. Marina Ivanovna Tsvetaeva – Russian poet (1892-1941)


I hope that I may always desire more than I can accomplish. attributed to Michelangelo – born Michelangiolo Buonarroti Simoni, Italian skulptor, painter, architect and poet (1475-1564)


If economists wished to study the horse, they wouldn´t go and look at horses. They´d sit in their studies and say to themselves, “what would I do if I were a horse?” attributed to Ely Devon – british economist (1913-1967)

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, […]

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, […]


Our intellect extends to the infinite in understanding. Intellectus noster ad infinitum in intelligendo extenditur. Thomas Aquinas – Italian philosopher and theologian (1224/25-1274), from “Summa contra Gentiles” I, cap. 43, n. 10 (circa 1260)


The church is a hospital for sinners, not a museum for saints. attributed to Abigail van Buren – born Pauline Esther Friedman, American advice columnist (1918-2013), Quotations book 2010


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 […]


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


The greater your capacity to love, the greater your capacity to feel the pain. Jennifer Aniston – American actress (b. 1969), in an interview with the “Oprah Magazine” (Ma y7th, 2004)


Excellence and competitiveness are totally compatible with honesty and integrity. The A student, the four minute miler, the high jump record holder – all strong winners – can achieve those results without resorting to cheating. People who cheat are simply weak. Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), […]

Profit instead of volume

Volume is vanity, profit is sanity. Wilhelm Zeller – German manager, 1996-2009 CEO at Hannover Rück (b. 1944)

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)

Broker not partner

If you think you can dance in and out of stocks I want to be your broker not your partner. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

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

Righteous judgement

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


Above all, keep loving one another earnestly, since love covers a multitude of sins. The Bible, 1. Peter 4:8 (ESV)


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

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)

Enjoy uncertainty

You have a choice. You can worry until you drop dead. Or you can prefer to enjoy the little bit of uncertainty. Norman Mailer – American writer and director (1923-2007)


L’âge ne vous protège pas de l’amour. Mais l’amour vous protège de l’âge. de France – Brochure de citation 2020


Resolve and thou art free. Henry Wadsworth Longfellow – American poet (1807-1882), from “The Masque of Pandora”, part VI “In the Garden” (1875)


Give naught, get same. Give much, get same. attributed to Malcolm S. Forbes – American publisher, Forbes Magazine (1919-1990), Quotations book 2010


Brand managers no longer own ‘their brand’. Brands are owned by the people who love them. Kevin J. Roberts – British consultant and coach, 1997-2014 CEO of Saatchi & Saatchi (b. 1949), Quotations book 2019

Meaning of life

The one who plants trees, knowing that he will never sit in their shade, has at least started to understand the meaning of life. attributed to Rabindranath Tagore – born Robindronath Thakur, Bengali poet, Nobel Prize in literature 1913 (1861-1941), Quotations book 2021

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)


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

Charitable giving

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


It’s not what you take but what you leave behind that defines greatness. Edward G. Gardner – Amercian company founder: Soft Sheen Products Inc. (b. 1925), Quotations book 2015

Be prepared

If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks. John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Christus bruger Efterfølgere, ikke Beundrere

Det er nu bekjendt nok, at Christus bestandigt bruger det Udtryk: Efterfølgere; han taler aldrig om, at han forlanger: Beundrere, tilbedende Beundrere, Tilhængere; og naar han bruger det Udtryk: Disciple, forklarer han det altid saaledes, at man seer, derved forstaaes Efterfølgere, at det ikke er Tilhængere af en Lære, men Efterfølgere af et Liv. It […]

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

True friendship

You only love your friend truly, when you love God in your friend, either because he is in him, or in order that he may be in him. Augustine of Hippo – known as Aurelius Augustinus, early Christian theologian and philosopher, one of the four Latin Doctors of Church (354-430), Sermon 336,2


Act as if what you do makes a difference. It does. attributed to William James – American philosopher and psychologist (1842-1910), Quotations book 2020


If you are asked to revise, it’s because your message is worth getting right. Caitlin Muir – American social media manager (b. 1985)


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)

Too tough to understand

We have three baskets for investing: yes, no and too tough to understand. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)


Travel improves the mind wonderfully, and does away with all one’s prejudices. Oscar Wilde – Irish writer (1854-1900), from his fairytale “The Remarkable Rocket”, published in “Der The Happy Prince and Other Stories” (1888), Quotations book 2018

Loving silence

A loving silence often has far more power to heal and to connect than the most well-intentioned words. Rachel Naomi Remen, MD – American author (b. 1938), from “Kitchen Table Wisdom” (1996), Quotations book 2021


Common sense tells you that you will find more and sometimes better investment opportunities if you search everywhere in the world. Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2010


Life is charming, my friend, if you but look at it through the right spectacles. Alexandre Dumas fils – French writer (1824-1895), from “The Camelia-lady” (“La dame aux camélias”, 1848) La vie est charmante, mon cher, c’est selon le verre par lequel on la regarde. Alexandre Dumas fils – écrivain français (1824-1895), de “La dame […]


The key to the heart of people will never be our cleverness, but always our love. attributed to Hermann von Bezzel – German Protestant theologian, 1891-1909 director of the deaconess institution Neuendettelsau (1861-1917), Quotations book 2016

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


Do not pray for tasks equal to your powers. Pray for powers equal to your tasks. Phillips Brooks – American Episcopal clergyman, 1891-1893 Bishop of Massachusetts (1835-1893), from his sermon “Going up to Jerusalem”, in “Twenty Sermons” (1886)


Time is the enemy of the poor business and the friend of the great business. If you have a business that’s earning 20 % – 25 % on equity, time is your friend. But time is your enemy if your money is in a low return business. Warren Buffett – American value investor, Chairman of […]

Easy things

I have seen no trend towards value investing in the 35 years that I’ve practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)


You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

Think like an owner

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Economic moat

Look for the durability of the franchise. The most important thing for me is figuring out how big a moat there is around a business. What I love, of course, is a big castle and a big moat with piranhas and crocodiles. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)


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

Know your past

Only those who know the past have a future. attributed to Wilhelm von Humboldt – Prussiian scholar, writer and statesman (1767-1835), allegedly said during a journey to Paris in 1789, Quotations book 2020 No source could be verified by the Wilhelm von Humboldt foundation.

True or new

Men are willing to forego the old for the sake of the new. But commonly it is found in theology that that which is true is not new, and that which is new is not true. Robert Shindler – American Baptist priest, close friend to preacher Charles Haddon Spurgeon (c. 1824-1903), from his article “The […]

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

Key to success

I don’t know the key to success, but the key to failure is trying to please everybody. attributed to Bill Cosby – born William Henry Cosby, American actor, singer and author (b. 1937)


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


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)

Against the math

When we lower prices, we go against the math that we can do, which always says that the smart move is to raise prices. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in his letter to the shareholders (2005)


If you will do what you can do, God will do what you cannot do. Joyce Meyer – American Evangelist (b. 1943), from “The Confident Woman: Start Living Boldly and Without Fear” (2006), Quotations book 2018


Freedom is not fun. … It is responsible choice. Peter F. Drucker – Austrian-born American management expert (1909-2005), from “The Future of Industrial Man” (1942), Quotations book 2020


Synergy: A term widely used in business to explain an acquisition that otherwise makes no sense. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (1985)


Before you attempt to beat the odds, make sure you can survive the odds beating you. Dr. Lawrence “Larry” Kersten – American sociologist and author (1933-2006), Quotations book 2017

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


MBA students come out with: “My staff is my most important asset.” Bullshit. Staff is usually your biggest cost. We all employ some lazy bastards who needs a kick up the backside, but no one can bring themselves to admit it. Michael O’Leary – Irish businessman, who made Ryanair one of the largest European airlines […]

Child in the manger

Once you have taken in the sight of the beautiful child in the manger – take your time, do not hurry away. First make his eyes your eyes, his ears your ears and his mouth your mouth. Make his hands your hands, his smile your smile and his greeting your greeting. Then you will recognize […]

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


Give people freedom and they’ll amaze you. Frank Kohl-Boas – German lawyer, Human Resources Manager at Google (b. 1969), about his company’s philosophy on human resources, Quotations book 2015

Do good

We must never miss an opportunity that God gives us to do good. Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), from “Memorie Biografiche”, book VI, chapter XXXV, 493 (1907), Libretto delle citazioni 2021 Non dobbiamo mai lasciarci sfuggire un’occasione che il Signore ci presenta per fare del bene. Don Giovanni Melchiore […]


Watch your thoughts, for they become your words. Watch your words, for they become your actions. Watch your actions, for they bcome your habits. Watch your habits, for they become your character. Watch your character, for it will become your destiny. like the Poem “Sow a thought” by Charles Reade – English writer (1814-1884), often falsely […]

Kiss many frogs to find a prince

I’d rather interview 50 people and not hire anyone than hire the wrong person. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), Quotations book 2018


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


Be innovative. Listen to your customers. Always extend your knowledge. Johann Vaillant – German entrepreneur, founder of the Vaillant family enterprise (1851-1920), Quotations book 2017

Stay young

A person is not old until regrets take the place of dreams. John Barrymore – American actor (1882-1942), as quoted in the biography “Good Night, Sweet Prince: The Life and Times of John Barrymore” by Gene Fowler (1949)

Big God

Do not tell God you have a big problem! Tell your problem you have a big God! wisdom – Quotations book 2020

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


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 […]

Real friendship

A real friend is one who walks in when the rest of the world walks out. attributed to Walter Winchell – American journalist (1897-1972), Quotations book 2019

Long-term invest

A great business at a fair price is superior to a fair business at a great price. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2021

Bend history

Few will have the greatness to bend history, but each of us can work to change a small portion of the events, and then the total — all of these acts — will be written in the history of this generation. Robert Francis “Bobby” Kennedy – American jurist and senator (1925-1968), from the “Day of Affirmation speech” at the […]

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 […]


A politician thinks of the next election, a statesman of the next generation. attributed to James Freeman Clarke – American preacher and author (1810-1888), Quotations book 2009


Example would avail ten times more than precept. Charles James Fox – British politician (1749-1806), from his speech on expenditure of public money in barracks (April 8th, 1796), Quotations book 2021


Investing in a market sector simply because “it’s done so well” is like choosing to plant corn in October because your neighbor’s corn has grown so well since April. Ronald H. “Ron” Muhlenkamp – American investor, fund Manager and author, founder of Muhlenkamp & Company (b. 1944)

Good business

This is the cornerstone of our investment philosophy: Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in a letter to his partners (January 18, 1963)

Stay ahead

To stay ahead, always have your next idea waiting in the wings. Prof. Rosabeth Moss Kanter – American sociologist at Harvard Business School (b.1943)

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

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


As an investor you never have perfect information, and the biggest profits are always available when competition and information are scarce. Seth A. Klarman – American investor, president and CEO: The Baupost Group, LLC (b. 1957), Quotations book 2017

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 […]


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

Attitude toward money

If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life. attributed to Billy Graham – born William Franklin Graham jr., American evangelist (1918-2018), Quotations book 2010


God is not in power, but in truth. Alexander Yaroslavich Nevsky – Russian military leader and nobleman, between 1236 and 1259 Prince of Novgorod, 1249-63 Grand Prince of Kiev, 1252-1263 Grand Prince of Vladimir (1221-1263) Не в силе Бог, а в правде. Алекса́ндр Яросла́вич Не́вский – Русский армейский лидер и дворянин, между 1236 и 1259 […]


Art does not reproduce the visible; rather, it makes visible. Paul Klee – German painter (1879-1940), in “Creative Credo” (1920)

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)

Measuring public opinions

The most reliable indication of public purpose in this country is derived through our popular elections. Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), abolished slavery in 1863, from his annual Message to Congress, 6 December 1864

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. […] […]


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


So do not fear, for I am with you; do not be dismayed, for I am your God. I will strengthen you and help you; I will uphold you with my righteous right hand. The Bible, Isaiah 41,10 (NIV) – Quotations book 2008


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 […]

Meaning of life

Love your calling with passion, it is the meaning of your life. attributed to François-Auguste-René Rodin – French sculptor (1840-1917)


Most economists use statistics like drunks use lampposts: for support rather than for light. attributed in a similar Version to Andrew Lang (Scottish writer, anthropologist and journalist, 1844-1912) and falsely to Sir Winston L. Churchill (British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953, 1874-1964), Quotations book 2008


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


Den rette Bedende strider i Bønnen og seirer – derved, at Gud seirer. One who prays aright struggles in prayer and is victorious – in that God is victorious. Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark, from a speech with the same […]

Come further

One extends one’s limits only by exceeding them. M. Scott Peck – American psychiatrist, psychotherapist and writer (1936-2005), from “The Road Less Traveled: A New Psychology of Love, Traditional Values and Spiritual Growth ” (1978), Quotations book 2018

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)

Key to success

Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful. often attributed to Albert Schweitzer – German-born French missionary and doctor, Nobel Peace Prize 1952 (1875-1965), could not be verified by the Albert Schweitzer Centre, Quotations book 2018

God’s language

God whispers to us in our pleasures, speaks in our conscience, but shouts in our pains: it is His megaphone to rouse a deaf world.. C. S. Lewis – British writer (1898-1963), from “The Problem of Pain” (1940)

Doing good

One has to do good in order for it to exist in the world. Marie von Ebner-Eschenbach – Austrian writer (1830-1916), from her “Aphorisms”, published in “Gesammelte Schriften”, book 1 (1893)

War without people

Sometime they’ll give a war and nobody will come. Carl Sandburg – American poet and historian (1878-1967), from “The People, Yes” (1936), was used by the Peace movement and changed into “Imagine, it is war and nobody goes there.” These words were falsely attributed to Bertolt Brecht..


Change before you have to. JJack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


Leadership is discovering the company’s destiny and having the courage to follow it … companies that endure have a noble purpose. Joseph “Joe” Jaworski – American lawyer and business advisor, American Leadership Forum (b. 1934), Quotations book 2018

Never quit

Winners never quit, and quitters never win Vince Lombardi – legendary American football coach (1913-1970), Quotations book 2020


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)


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

All is possible for GOD

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


Successful investing is anticipating the anticipations of others. following the thoughts of John Maynard Keynes – British economist and investor (1883-1946)


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

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 […]

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

Do it now

Our grand business undoubtedly is, not to see what lies dimly at a distance, but to do what lies clearly at hand. Thomas Carlyle – Scottish essayist and historian (1795-1881), from “Signs of Times” (1829)


When you see a good investment, look for a better investment. Guy Spier – South African investor (b. 1966), from “The Education of a Value Investor” (2014)


I believe in what I do, and I do what I believe in. Peter E. Mück – German writer and graphic artist (b. 1946)


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

Sacred or secular

It is not what a man does that determines whether his work is sacred or secular, it is why he does it. Aiden Wilson Tozer – American evangelical pastor and author (1897-1963), from “The Pursuit of God”, chapter 10 (1948)

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

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)


We are the makers of our own destiny. We can mend or mar the present and on that will depend the future. Mahatma Gandhi – Indian politician (1869-1948), from an interview with the Chinese ambassador in India, Dr. Lo Chia Luen (1947)

Try and error

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

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

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)


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 […]


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

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 […]

Bad press

Lemmings may have a rotten image, but no individual Lemming has ever received bad press. Warren Buffett – American value investor, chairman of Berkshire Hathaway (b. 1930) in his letter to Berkshire Shareholders (1984), Quotations book 2008


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)


It’s not the happy people who are thankful. It’s the thankful people who are happy. Proverb – Quotations book 2015


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)

Changing our thinking

The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking. following Albert Einstein – German physicist, Nobel prize in physics 1921 (1879-1955)

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)


If the rate of change on the outside exceeds the rate of change on the inside, the end is in sight. Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century

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

Reward at its pinnacle

When reward is at its pinnacle, risk is near at hand. John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)


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


Ability will enable a man to get to the top, but it takes character to keep him there. Wisdom – Quotations book 2015


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

Free market economy

The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to […]

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


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

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


Thy prayers are all filed in heaven, and if not immediately answered they are certainly not forgotten. Charles Haddon Spurgeon – English Baptist pastor (1834-1892), from “Morning and Evening: Daily Readings” (1866), Quotations book 2016


I love people that burn, that burn from the inside. Christian A. W. Berner- German graduate economist and entrepreneur, CEO Berner Group (b. 1984), Quotations book 2020

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


Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like. William Penn Adair “Will” Rogers – American humorist (1879-1935)


You need to fill your mind with various competing thoughts and decide which make sense. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the BRK Annual Meeting (May 2007)


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


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

Creation of wealth

Nevertheless, the Tenth Commandment – ‘Thou shalt not covet’ – recognizes that making money and owning things could become selfish activities. But it is not the creation of wealth that is wrong, but love of money for its own sake. The spiritual dimension comes in deciding what one does with the wealth. How could we […]

Starting minds

Mr. Drucker ist one of those writers to whom almost anything can be forgiven because he not only has a mind of his own, but has the gift of starting other minds along a stimulating line of thought. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), about Peter […]


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 […]

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)


The important thing is not how many years in your life but how much life in your years. Dr. Edward J. Stieglitz – American gerontologist and author (1899-1958), from “The Second Forty Years” (1947)

Moral and economy

If moral represents an ideal world, economy shows the real world. Steven D. Levitt – American economist and author (b. 1967)

The Live Joyfully Manifesto

One Life. Keep it simple. Follow your dreams. Be curious. Learn new things. Think outside the box. Do what you love. Love what you do. Don’t shy away. Speak your mind. Be yourself. Be free. Work less. Do more. Don’t procrastinate. Shut off the pixels. Disconnect. Take time out. Eat heartily. Take long walks. Read […]


Some people dream of success, while other people get up every morning and make it happen. attributed to H. Wayne Huizenga Sr. – American businessman and entrepreneur, founder of several companies e.g. Blockbuster Video (1937-2018)


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)

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 […]


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


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 […]

Profit and cash

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

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)


First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you. Nicholas Klein – American attorney and trade unionist (1884-1951), from his address at the Third Biennial Convention of the Amalgamated Clothing Workers (1918), Quotations book 2017


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 […]

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)


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 – […]


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)


Leadership means reaching goals consistently, with the team, and doing things right. Liderar é bater metas consistentemente, com o time e fazendo certo. Vicente Falconi Campos – Brazilian management consultant (b. 1940), from “True Power – Management Practices for Revolutionary Results” (2010), Quotations book 2020

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)


If you always hire people who are smaller than you are, we shall become a company of dwarfs. If, on the other hand, you always hire people who are bigger than you are, we shall become a company of giants. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), Quotations books 2002 + 2018


Nothing shapes our lives so much as the questions we ask, refuse to ask, or never dream of asking. Sam Keen – American philosopher (b. 1931), Quotations book 2015

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)

Give the best

Give to the world the best you have, and the best will come back to you. Madeline Bridges – born Mary Ainge de Vere, American poet (1844-1920)

Never give up

The secret of our success is that we never, never give up. Wilma Mankiller – American writer, First Woman Principal Chief of Cherokee Nation (1945-2010), Quotations book 2019

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 […]

Interview question

Tell me something that’s true, that almost nobody agrees with you on. Peter A. Thiel – German-born American investor and company founder: PayPal (b. 1967), in a discussion with entrepreneur and LinkedIn’s co-founder Reid Hoffman (2012), Quotations book 2019

On giants’ shoulders

If I have seen further it is by standing on ye shoulders of giants. Sir Isaac Newton – English mathematician, physicist and astronomer (1643-1727), from a letter to Robert Hooke (5.2.1676)

Give away

Everything we have is really loaned to us; we can’t take anything with us when we depart. If we have no use for a thing, we should pass it on to someone else who can use it – now. attributed to Norma S. Scholl


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)

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

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)

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


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)

Recepy to success

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. Colin Powell – American general and politician, 2001-05 Secretary of state (b. 1937)


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)

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

Savoir et voir

Il faut savoir et voir, et il faut voir et savoir. Claude Lanzmann – réalisateur et documentaire français (1925-2018), d’après une interview dans “Cahiers du cinéma”, n ° 374, (juillet / août 1985)


I have lerned silence from the talkative, toleration from the intolerant, and kindness from the unkind; yet, strange, I am ungrateful to those teachers. Khalil Gibran – Lebanese poet, philosopher and artist, aka Kahlil Gibran (1883-1931), from “Sand and Foam” (1926)

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

Leadership principles of amazon

a) Customer Obsession b) Ownership c) Invent and Simplify d) Are Right, A Lot e) Hire and Develop the Best f) Insist on the Highest Standards g) Think Big h) Bias for Action i) Frugality j) Learn and Be Curious k) Earn Trust l) Dive Deep m) Have Backbone, Disagree and Commit n) Deliver Results […]


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

Watch children

Watching children grow up is a great delight. You see in them your own faults and your wife’s virtues, and that can be a very stabilizing influence. Sir Peter Ustinov – English actor and writer (1921-2004)


If you stand up and be counted, from time to time you may get yourself knocked down. But remember this: A man flattened by an opponent can get up again. A man flattened by conformity stays down for good. Thomas John Watson, jr. – American manager, 1952-71 president of IBM (1914-1993)

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)


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)


Though my heart may be left of centre, I have always known that the only economic system that works is a market economy, in which everything belongs to someone – which means that someone is responsible for everything. It is a system in which complete independence and plurality of economic entities exist within a legal […]


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

Why not?

The common question that gets asked in business is, “why?” That’s a good question, but an equally valid question is, “why not?” Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in an interview with Steven Levy for wired.com (November 13th, 2011)


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

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)


Those who are blessed with the most talent don’t necessarily outperform everyone else. It’s the people with follow-through who excel. Mary Kay Ash – American entrepreneur, founder of Mary Kay Cosmetics and philanthropist (1915-2001), from “Mary Kay on People Management”, page 57 (1985)

Be thankful for what

If you have food in the refrigerator, clothes on your back, a roof overhead and a place to sleep … you are richer than 75 % of this world. If you have money in the bank, in your wallet, and spare change in a dish some place … you are among the top 8 %  of […]

Customer focus

I am not the boss – the readers are. Patrick Joseph McGovern, Jr. – American publisher, founder of the media, research and venture capital organization IDG (1937-2014), Quotations book 2017

Seeing possibilities

The future belongs to those who see possibilities before they become obvious. John Sculley – American entrepreneur and investor (b. 1939), Quotations book 2014


All of our dreams can come true, if we have the courage to pursue them. Walt Disney – American cartoonist and film producer (1901-1966), Quotations book 2015


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”

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


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


If you own something you cannot give away, then you don’t own it, it owns you. attributed to Albert Schweitzer – German-born French missionary and doctor, Nobel Peace Prize 1952 (1875-1965), Quotations book 2009

New address

Someday you will read or hear that Billy Graham is dead. Don’t you believe a word of it! I shall be more alive than I am now. I will just have changed my address. I will have gone into the presence of God. Billy Graham – born William Franklin Graham jr., American evangelist (1918-2018), from […]

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


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)


A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it was. The professor […]


Invert, always invert. Maxim of Carl Gustav Jacob Jacobi – born Jacques Simon, German methematician, founder of the mathematical and physical seminar in Königsberg (1804-1851)

Good Management

Good management consists of showing average people how to do the work of superior people. Jim Low – former speaker of the National Association of Manufacturers, from his address speech “The Human in Public Relations” (1958), Quotations book 2016

Think until it hurts

As a young man, I was told by Lord Thomson of Fleet that you have to think until it hurts before making a decision. Paul Desmarais Jr. – Canadian entrepreneur (b. 1954) [Lord (Kenneth) Thomson of Fleet: Canadian publisher (1923-2006)], Quotations book 2014

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)


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)

Re-create yourself

The difference between great and average or lousy in any job is, mostly, having the imagination and zeal to re-create yourself daily. Tom Peters – American author and consultant (b. 1942), from “The Pursuit of Wow! – Every Person’s Guide to Topsy-Turvy Times” (2010), Quotations book 2018 see tompeters.com

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


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

Three Rules for success

1. Work hard. Life is 80 percent chance, 10 percent brain and 10 percent hard work. 2. Be and stay honest. 3. Be loyal to others. motto by John H. Slade – born Hans Schlesinger, German born American hockey player and Wallstreet broker (1908-2005), Quotations book 2020

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)

Sitting in the shade

Someone’s sitting in the shade today because someone planted a tree a long time ago. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2002


I will pay more for the ability to deal with people than for any other under the sun. John D. Rockefeller – American oil magnate, sundays school teacher at at his time richest man of the world (1839-1937), Quotations book 2015

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


Experience teaches us that love does not mean to look into each other’s eyes, but to look together in the same direction. Antoine de Saint-Exupéry – French aviator and writer (1900-1994), from “Wind, Sand, and Stars” (“Terre des Hommes, 1939), Quotations book 2020 L’expérience nous montre qu’aimer ce n’est pas nous regarder l’un l’autre mais […]


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


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


If you would live a happy life, tie it to a goal, not to people or things. Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955)


If you can’t do great things, do small things in a great way. Napoleon Hill – American writer: “Think And Grow Rich” (1883-1970)


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)

Building companies

The builders of visionary companies tend to be clock builders, not time tellers. They concentrate primarily on building an organization – building a ticking clock – rather than on hitting a market just right with a visionary product idea. James C. “Jim” Collins – American business consultant, author and academic (b. 1958), in “Built to […]


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

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 […]


We act as though comfort and luxury were the chief requirements in life, when all we need to make us really happy is something to be enthusiastic about. attributed to Charles Kingsley – English clergyman, theologian and writer (1819-1875)


I am Honest. I am Dependable. I am Diligent. I am Responsible. I am Disciplined. I am Loving. I am Faithful. I am an Implementer. Tom Ziglar – American entrepreneur, CEO Ziglar Inc. (b. 1965)


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


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


The search for a scapegoat is the easiest of all hunting expeditions. attributed to Dwight D. Eisenhower – American general and politician, 1953-61 34th president (1890-1969)


Build a well while you are strong, not while you are thirsty. 毋临渴而掘井。 Chinese proverb – Quotations book 2016

Do good

No-one would remember the good Samaritan if he’d only had good intentions. He had money as well. Dame Margaret Thatcher – British politician, 1979-90 Prime Minister (1925-2013), from a tv interview with Brian Walden for “London Weekend Television” (“Weekend World”, January 6th, 1980)


If it scares you, it might be a good thing to try. Seth W. Godin – American author and former dot com business executive and company founder (b. 1960)


There is a place that you are to fill and no one else can fill, something you are to do, which no one else can do. attributed to Plato – Greek philosopher (c. 428-348 B.C.), Quotations book 2015

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 […]


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)


Haec enim est una virtus non solum maxima sed etiam mater virtutum. [Gratitude] is not only the greatest, but is also the parent of all the other virtues. Marcus Tullius Cicero – Roman politician (106-43 B.C.), from his oratio “Pro Cn. Plancio” (54 B. C.), Quotations book 2020


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 […]


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

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


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


Don’t wish it were easier. Wish you were better. Jim Rohn – American entrepreneur, author and motivational trainer (1930-2009), from “The Art of Exceptional Living” (1993)


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)

Working for money

Taking a job for money is like marrying for money, which is especially dumb if you are already rich. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2006


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

Spiritually poor

This country cannot afford to be materially rich and spiritually poor. John F. Kennedy – American politician, 1961-63 35th president (1917-1963), from his State of the Union Address on January 14th, 1963

Good leadership

Good leadership is characterized by two things: honesty and modesty, both are difficult, so there are so few good leaders. Warren Buffett – American value investor, Chairman of Berkshire Heathaway (b. 1930)

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 […]


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, […]

Give God the credit

A lot of people are willing to give God the credit, but not too many are willing to give him the cash. Wisdom


There are three conversions: first the head, then of the heart, and finally of the pocketbook.. attributed to Martin Luther- German reformer (1483-1546), Quotations book 2009


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)


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

Five basic operations of a manager

A manager sets objectives. A manager organises. A manager motivates and communicates. A manager establishes measuring yardsticks. A manager develops people. Peter F. Drucker – Austrian-born American management expert (1909-2005), from “The Practice of Management” (1954), Quotations book 2020


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


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

Good speech

The key to a good speech is to have a brillant beginning, a brillant ending and keep them as close as possible. Sir Peter Ustinov – English actor and writer (1921-2004), Quotations book 2016


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


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)


These people risked something they had and needed for something they did not have and did not need. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), on the collaps of the LTCM hedge fonds (Long Term Capital Management), found on youtube: “Warren Buffett MBA talk”

Dullness and riches

One of the many stereotypes of the Swiss is that they are perceived – by the global non-Swiss community – as dull. One of the reasons the Swiss are dull – according to an article we came across some years ago – is that the Swiss never had victories on battlefields to speak of, never […]


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)


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)


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


The time to reflect on your methods is when you are most successful, not when you are making the most mistakes. Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2017


Those who keep learning will keep rising in life. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), from his USC School of Law Commencement speech (May 13th, 2007)


Working hard for something we don’t care about is called stress. Working hard for something we love is called passion. Simon O. Sinek – American author, speaker and optimist (b. 1973), from a Twitter-message on 28th February 2012, printed in “Together is Better: A Little Book of Inspiration” (p. 105, 2016) see Startwithwhy.com

Constante e sublime

Camminate con i piedi per terra e con il cuore abitate in cielo. Don Giovanni Melchiore Bosco – sacerdote cattolici e pedagogo italiano (1815-1888), Libretto delle citazioni 2021 Walk with your feet on the ground and your heart in the sky. Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), Quotations book 2021


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

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


A very rich person should leave his kids enough to do anything, but not enough to do nothing. Warren Buffett – American value investor, chairman of Berkshire Hathaway (b. 1930), Quotations book 2007

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 […]

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)


The best doctors in the world are Dr. Diet, Dr. Quiet and Dr. Merryman. Jonathan Swift – Irsh-born English writer (1667-1745), from “Polite Conversation” (1738)


The world asks, what does a man own? Christ, how does he use it? Andrew Murray – South African priest and writer (1828-1917), from “Money” (1900)


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)


There are a thousand possibilities to “waste” money but only two ways to earn it: Either we work for it – or the money works for us. attributed to Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965)

Success makes jealous

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


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)

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 […]


All geniusses are leeches, so to speak. They feed from the same source – the blood of life … We all derive from the same source. There is no mystery about the origin of things. We are all part of creation, all kings, all poets, all musicians; we have only to open up, only to […]

Meaning of Life

A man has made at least a start on discovering the meaning of human life when he plants shade trees under which he knows full well he will never sit. attributed to D. Elton Trueblood – American author, philosopher and theologian (1900-1994)


An attitude of gratitude creates blessings. attributed to Sir John Marks Templeton – value investor and philanthropist (1912-2008)


The word crisis in Chinese is composed of two characters: the first is the symbol of danger… the second of opportunity. from the dictionary

Boardroom atmosphere

Too often boardroom atmosphere means that collegiality trumps independence. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2005

Commandments of nonviolence

1. Meditate daily on the teachings and life of Jesus. 2. Remember always that the nonviolent movement … seeks justice and reconciliation — not victory. 3. Walk and talk in the manner of love, for God is love. 4. Pray daily to be used by God in order that all men might be free. 5. […]


Any damn fool can put on a deal, but it takes genius, faith and perseverance to create a brand. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), from “The Unpublished David Ogilvy” (1988), Quotations book 2018

Expensive words

The five most expensive words in investing are, this time it is different. Sir John Marks Templeton – value investor and philanthropist (1912-2008)


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)


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


When people are financially invested, they want a return. When people are emotionally invested, they want to contribute. Simon O. Sinek – American author, speaker and optimist (b. 1973), in a Twitter message from May 22nd, 2012, Quotations book 2018 see Startwithwhy.com


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)


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


Culture eats strategy for lunch. business wisdom, often attributed to Peter F. Drucker – Austrian-born American management expert (1909-2005), Quotations book 2019

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

Vere vivere

How long I might live is beyond my control; how long I will live, in the sense of truly living, is mine. Quamdiu sim alienum est: quamdiu ero, (vere) ut sim, meum est. Lucius Annaeus Seneca – Roman philosopher (4 B.C.-65 A.C.), from “Epistulae morales ad Lucilium”, Liber XV, letter 93 (written 64), Quotations book […]

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)

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 […]

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)

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)


A public-opinion poll is no substitute for thought. Warren Buffett – American value investor, chairman of Berkshire Heathaway (b. 1930), Quotations book 2007

Constant progress

Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end […]

Learn from Mistakes

Your failures are your stepping-stones to success. Hanford Lennox Gordon – American lawyer and poet (1836-1920), from “Laconics” (1910)


Surround yourself with the best people you can find, delegate authority, and don’t interfere as long as the policy you’ve decided upon is being carried out. Ronald W. Reagan – American politician, 1981-89 40th president (1911-2004), in an interview with the “Fortune” magazine (September 15th, 1986), Quotations book 2015


It is much easier to be a hero than a gentleman. Heroes you can be once in a while; gentlemen, you must always be. Luigi Pirandello – Italian writer, Nobel Prize in literature 1934 (1867-1936), from his comedy “The Pleasure of Honesty”, Act one, Scene three (1917) È molto più facile […] essere un eroe […]


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

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

Free Press

The free press is a cornerstone of democracy. People have a need to know. Journalists have a right to tell. Finding the facts can be difficult. Reporting the story can be dangerous. Freedom includes the right to be outrageous. Responsibility includes the duty to be fair. News is history in the making. Journalists provide the […]


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


Simplicity is the ultimate sophistication. wisdom, often attributed to Leonardo da Vinci – Italian polymath (1452 – 1519), Quotations book 2018


Be fearful when the world is greedy and be greedy when the world is fearful.. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2004

Le sourire

Il est un bon moyen de se créer une âme amicale : le sourire. … Le sourire large, net. … Savoir sourire : quelle force ! Force d’apaisement, force de douceur, de calme, force de rayonnement. Guy de Larigaudie – scout et écrivain français (1908-1940), de Étoile au grand large” (postum 1943)

Be responsible, be involved, participate

No reward without responsibility, no investment without involvement, no profit without participation. Dr. Michael Schluter – British economist, author, speaker and social entrepreneur (b. 1947), during his presentation at the European Economic Summit Declaration 2014


A man is rich in proportion to the number of things which he can afford to let alone. Henry David Thoreau – American writer and philosopher (1817-1862), from “Walden” (1854), Quotations book 2015


Do good to all, but leave everyone with his own responsibility. Pope John XXIII – Born Angelo Guiseppe Roncalli, 1958-63 Holy Father, also called “Council pope” or because of his humility and populism “il Papa buono” – “the good Pope” (1881-1963), from a letter to his brother Severo (1949), Quotations book 2015


What’s money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. Bob Dylan – born Robert Allen Zimmerman, American singer-songwriter, author and musician, Nobel Prize in literature 2016 (b. 1941), Quotations book 2021


Success is making those who believed in you look brilliant. Dharmesh Shah – Indian software engineer and entrepreneur, founder and CTO HubSpot, Inc. (b. 1967), Quotations book 2021

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


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 […]


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 […]


The modern clergy believe they can bring man closer to Christ by insisting on Christ’s humanity. Thus forgetting that we do not trust in Christ because He is man, but because He is God. Nicolás Gómez Dávila – Colombian philosopher (1913-1994), from “Escolios a un Texto Implícito: Selección”, p. 472 (1977), Quotations book 2017 El […]

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

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)


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)

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 […]


There are more possibilities in the universe than one can imagine. chosen by Sir John Marks Templeton – value investor and philanthropist (1912-2008)

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” […]

Civility code

1. We will greet and acknowledge each other. 2. We will say please and thank you. 3. We will treat each other equally and with respect. 4. We will be direct, sensitive and honest. 5. We will address incivility whenever it occurs. William “Bill” Hybels – American Evangelical minister, founding and former senior pastor of […]

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


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

Innovative Interaction

For good ideas and true innovation, you need human interaction, conflict, argument, debate. Margaret Heffernan – American entrepreneur, author and speaker (b. 1955)

Ability and attitude

For success, attitude is as important as ability. Sir Walter Scott – Scottish historical novelist, playwright, poet and historian (1771-1832), Quotations book 2019


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.)

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

Wind of change

When the wind of change blows, some build walls, while others build windmills. Chinese proverb – Quotations book 2015


You can’t have a great place to shop without first making it a great place to work. Stew Leonard, Sr. – American entrepreneur, founded Stew Leonard’s super markets (b. 1929)


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


Measure what is measurable, and make measurable what is not so. Galileo Galilei – Italian astronomist und physicist (1564-1642) Misura ciò che è misurabile e rendi misurabile ciò che non lo è. Galileo Galilei – astronomo e fisico italiano (1564-1642)


You know your life is boring when you only wear work clothes and pyjamas. Jan-David Golze – German business development expert, booking.com


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)


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


If, when making a stock investment, you’re not considering holding it at least ten years, don’t waste more than ten minutes considering it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2020


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


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

Lifelong investing

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2005


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

Make money

The secret of making money is to avoid risks. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “The Midas Touch” (2009)


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

Wall Street

Wall Street hasn’t really changed all that much. It still operates on the principle of taking care of itself first, really big and important customers second, everyone else last. Allan Sloan – American journalist (b. 1944), in “Lessons of the crash of ’08”, Fortune Magazine, September 28th 2009

Good conversation

A good conversation is like a miniskirt, short enough to retain interest, but long enough to cover the subject. American wisdom – Quotations book 2021


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


Счастье не в том, чтобы делать всегда, что хочешь, а в том, чтобы всегда хотеть того, что делаешь. Лев Николаевич Толстой – русский писатель (1828-1910), котировки выпуска 2018


Brilliance is the ability to simplify a mass amount of information into a simple yes/no decision. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2017


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

Good societies

Good societies can survive people doing immoral things. But a good society cannot survive if it calls immoral things moral. Dennis M. Prager – American radio talk show host and writer, founder and president of “PragerU” (b. 1948)

Thinking instead of judging

Thinking is difficult, therefore let the herd pronounce judgment. Dr. Carl Gustav Jung – Swiss psychologist (1875-1961), from “Flying Saucers: A Modern Myth of Things Seen in the Sky” (1959), Quotations book 2017


Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place. Frédéric Bastiat – French economist and journalist (1801-1850)


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


The competitor to be feared is one who never bothers about you at all, but goes on making his business better all the time. Henry Ford – American engineer and industrialist (1863-1947)

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)

Law of process

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

Giving back

A hundred times every day I remind myself that my inner and outer life depend on the labors of other men, living and dead, and that I must exert myself in order to give in the same measure as I have received and am still receiving. Albert Einstein – German physicist, Nobel prize in Physics […]


It’s hardest to see what’s wrong about what seems normal. Jane S. Fonda – American actress and writer (b. 1937), in “My Life So Far”, act two, chapter 1 “1968” (2010)

Circle of competence

Answer to the question why Warren Buffett is better than investors with a higher IQ: We know better what we know and what we do not know. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Value of joy

To get full value of a joy you must have somebody to divide it with. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “Following the Equator” (“Pudd’nhead Wilson’s New Calendar”, chapter XLVIII, 1897), Quotations book 2021

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 […]

Ultimative aim

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

Allow mistakes

I can be wrong more offen than I am right, so long as the leverage on my correct judgments compensates for my mistakes. attributed to Leon Levy – American fund manager: Oppenheimer Fund (1926-2003)


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 […]


Most leading brokers cannot spare the time and money to research smaller stocks. You are therefore more likely to find a bargain in this relatively under-exploited area of the stock market. James D. “Jim” Slater – British entrepreneur and investor (1929-2015), from “The Zulu Principle: Making Extraordinary Profits from Ordinary Shares” (1992)

Big step

Don’t be afraid to take a big step when one is indicated. You can’t cross a chasm in two small jumps. wisdom, attributed to David Lloyd George, 1st Earl Lloyd-George of Dwyfor – British Liberal politician, 1916-22 Prime Minister (1863-1945), Quotations book 2018

Explore. Dream. Discover

Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. Sarah Frances Brown – mother of the American writer H. Jackson Brown, Jr. (b. 1940), quoted […]

Elections in times of a rebellion

The present rebellion brought our republic to a severe test; and a presidential election occurring in regular course during the rebellion added not a little to the strain. If the loyal people, united, were put to the utmost of their strength by the rebellion, must they not fail when divided, and partially paralyzed, by a […]


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)