Entries by Christoph Niemann

Act and think

Act like a man of thought and think like a man of action. Henri Bergson – French philosopher, Nobel Prize in literature 1927 (1859-1941), from his speech at the Descartes Conference in Paris (1937) Il faut agir en homme de pensée et penser en homme d’action. Henri Bergson – philosophe français, prix Nobel de littérature […]

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

Limits of the possible

The only way of discovering the limits of the possible is to venture a little way past them into the impossible. Arthur C. Clarke – American writer and inverntor (1917-2008), from his essay “Hazards of Prophecy: The Failure of Imagination” in “Profiles of the Future” (1962), Quotations book 2018

Opportunity

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

Expert

An expert is a man who has made all the mistakes which can be made in a very narrow field. Niels Bohr – Danish physician, Nobel Prize in physics 1922 (1885-1962), in a conversation with the German physicists and Nobel Prize laureates of 1932 and 1945, Werner Heisenberg (1901-1976) and Wolfgang Pauli (1900-1958), at the […]

Better decisions

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

Invested

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

Confidence

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

Goal

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

Critics

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

Difficult

The more difficult the victory, the greater the happiness in winning. attributed to Pelé – born Edson Arantes do Nascimento, Brazilian football player (b. 1940), Quotations book 2018

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 […]

Perceptions

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

Begin

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)

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

Invert

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)

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

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 […]

Longing as motivation

If you want to build a ship, don’t drum up people to gather wood and don’t assign them tasks and work, but rather teach them to long for the endless immensity of the sea. popular version of an excerpt of chapter 75 from “Citadelle” (1948) by Antoine de Saint-Exupéry – French writer and aviator (1900-1944), […]

Friend – Ships

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

Christo

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 […]

Seeing the world

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

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

Perseverance

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

Brilliance

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

Humility instead of arrogance

Wealth is not the problem, but the arrogance that often accompanies it and conversely, poverty is not a blessing, but the humility which often accompanies it is. following Johan Chrysostom – born Johan of Antioch, Greek Doctor of Church, 398-407 Archbishof of Constantinopel (344 or 349-407), Quotations book 2017

The right perspective

The pessimist complains about the wind. The optimist expects it to change. The realist adjusts the sails. American proverb – Quotations book 2017

Progress starts in Little steps

All mankind’s progress has been achieved as a result of the initiative of a small minority that began to deviate from the ideas and customs of the majority until their example finally moved the others to accept the innovation themselves. Ludwig von Mises – Austrian economist (1881-1973), in “Liberalism: In the Classical Tradition” (1927), Quotations […]

Education

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

Realize

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)

Initiative

Business is not about ideas, it’s about initiatives. Sergio Zyman – Mexican marceting executive and Company founder, advisor for Coca Cola (b. 1945), Quotations book 2017

New ideas

I can’t understand why people are frightened of new ideas. I’m frightened of the old ones. John Cage – American composer, musical theorist and writer (1912-1992), from an interview with Richard Kostelanetz, published in “Conversing with Cage” (1988), Quotations book 2017

Evolution of a crisis

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

Hope

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

Wisdom: A Column of Benjamin Franklin’s Ageless Maxims and Aphorisms

He invented the “Franklin” open stove. He discovered that lightning is an electrical discharge by experimenting with a kite during a thunderstorm. He founded the Philadelphia Library, the University of Pennsylvania, and the American Philosophical Society. An accomplished linguist, he helped his nation better its relations with the European powers when those relations were critical […]

Grip

You can’t climb the ladder of success with your hands in your pockets. Arnold A. Schwarzenegger – Austrian-born American actor, bodybuilder and politician, 2003-11 Governor of California (b. 1947), in his commencement speech at the University of California (May 15th, 2009), Quotations book 2017

Listen

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

Content

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

Get further

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

Hvem du er

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

Wisdom, morality, determination

Wisdom frees from doubts, morality frees from suffering, determination frees from fear. 知者不惑, 仁者不憂, 勇者不懼。 attributed to Confucius – Chinese philosopher and teacher (around 551-479 B.C.), from the “Lun Yu”, a collection of sayings attributed to Master Kong and his followers, first published in the 2nd century (book IX, chapter 28), Quotations book 2017

Precaution

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

Business valuation

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. Warren Buffett – American investor, Chairman of Berkshire Hathaway (b. 1930), in his letter to Berkshire Shareholders (1982), Quotations book 2017

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

Try

Whoever tries the most stuff wins! Tom Peters – American author and consultant (b. 1942), Quotations book 2017 see tompeters.com

Wisdom

Scientiam non ut possessio habeatur, sed sicut aliquid ab eo mutuatum. Wisdom is not held by men as a possession, but as something on loan . Thomas of Aquin – Italian philosopher and theologian (c. 1225-1274), from his comment on Aristotle’s Metaphysics “Sententia libri Metaphysicae” (lib. 1 l. 3 n. 13)

Risk

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

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

Pioneers

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

Analysis

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 – British value investor and philanthropist (1912-2008), Quotations book 2017

Blessing or test?

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

Six Rules on How to Be Successful

1. Trust yourself. 2. Break some rules. 3. Don’t be afraid to fail. 4. Ignore the naysayers. 5. Work like hell. 6. Give something back. Arnold A. Schwarzenegger – Austrian-born American actor, bodybuilder and politician, 2003-11 Governor of California (b. 1947), in his commencement speech at the University of California (May 15th, 2009), Quotations book […]

Take a position

Cowardice asks the question: “Is it safe?” Expediency asks the question: “Is it politic?” Vanity asks the question: “Is it popular?” But conscience asks the question: “Is it right?” And there comes a time, when one must take a position that is neither safe, nor politic, nor popular but he must take it because conscience […]

Philanthropy

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

Ville eet

Fader i Himlene! Hvad er dog et Menneske uden Dig! Hvor er Alt hvad han veed, var det end det Mangfoldiges Mængde, kun et afbrudt Stykke, hvis han ikke kjender Dig; er al hans Stræben, var den end omfattende en Verden, kun et halvgjort Arbeide, hvis han ikke kjender Dig, Du den Ene, som er […]

Niche

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

Concentrate

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

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

Courage

We must constantly build dykes of courage to hold back the flood of fear. Martin Luther King jr. – American civil rights activist and pastor, Nobel Peace Prize 1964 (1929-1968), in his essay “The Strength to Love” (1963)

Staff

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 […]

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 […]

Makers

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)

Work

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

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

Long-term

The longer the time horizon, the better the performance is likely to be. Louis A. “Lou” Simpson – American investor (b. 1936), Quotations book 2017

John Wooden’s “Seven Point Creed”

1. Be true to yourself. 2. Make each day your masterpiece. 3. Help others. 4. Drink deeply from good books, especially the Bible. 5. Make friendship a fine art. 6. Build a shelter against a rainy day. 7. Pray for guidance and give thanks for your blessings every day. John Hugh Wooden – American farmer […]

Watchword 2017

God says: I will give you a new heart and put a new spirit in you. The bible, Ezekiel 36:26 (NIV) – Zitateheft 2017 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 […]

Yes and No

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

Ideas

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

Idealism

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

Doing well

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

Ask good

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

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

Voyage heureux

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

Serving

If you renounce the powerful motor of profit-striving you have to put another power in its place: service in the religious sense. That is solid ground and brings blessings which we feel thankfully every day. Living and believing in the midst of all the indifference – that is the great experience. Celui qui renonce au […]

Wanted

GOD, give us men! A time like this demands strong minds, great hearts, true faith and ready hands; men whom the lust of office does not kill; men whom the spoils of office can not buy; men who possess opinions and a will; men who have honor; men who will not lie; men who can […]

Supervision

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

Courage for the unpopular

Take advantage of the high rate of analyst forecast error by simply investing in out-of-favour stocks. David N. Dreman – Canadian investor, founder and Chairman Dreman Value management (b. 1936), in “Contrarian Investment Strategies: The Next Generation”, rule 10 (1998), Quotations book 2017

Investment Success

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

Success

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

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, […]

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

Innovation

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

Innovative

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

Insight in leisure

It’s the leisure hours, happily used, that have opened up a new world to many a person. attributed to George M. Adams – American newspaper columnist (1878-1067)

Success makes jealous

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

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 […]

Blessing

The Lord bless you and be close to you. May he satisfy the hidden longings of your heart. The Lord grant you wisdom and grace and give you deep understanding. May the Lord bless you and deliver you from temptation, and empower you with the spirit of prayer, that you might pray without ceasing and […]

Future

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

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)

Confidence

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

Listening

I make progress by having people around me who are smarter than I am and listening to them. attributed to Henry J. Kaiser – American entrepreneur, founder of several companies – now Kaiser Group International (1882-1967), Quotations book 2016

Undying love

Noi siamo oggetti da parte di Dio di un amore intramontabile. Sappiamo: ha sempre gli occhi aperti su di noi, anche quando sembra ci sia notte. E’ papà; più ancora è madre. Non vuol farci del male; vuol farci solo del bene, a tutti. We are the objects of undying love on the part of […]

Patience

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)

True independence

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

Instrument de paix

Seigneur, faites de moi un instrument de votre paix. Là où il y a de la haine, que je mette l’amour. Là où il y a l’offense, que je mette le pardon. Là où il y a la discorde, que je mette l’union. Là où il y a l’erreur, que je mette la vérité. Là […]

Advertise or die

Without advertising today I would be a millionaire (instead of billionaire). attributed to John Paul Getty – American oil industrialist and art mecenate, at his time richest man of the world (1892-1976)

Precaution

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

Foresight

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

Foresight

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

Trying and failing

Never feel shame for trying and failing, for he who has never failed is he who has never tried. Og Mandino – born Augustine Mandino II, American writer (1923-1996), from “The Greatest Salesman in the World” (1968), Quotations book 2016

Understand

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

Improve

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

Change

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

Change

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

Change

Каждый думает изменить мир, но никто не думает изменить себя. Everyone thinks of changing humanity, but no one thinks of changing himself. Leo N. Tolstoy – Russian writer (1828-1910), from “Three Methods of Reform” in his collection “Pamphlets” (1900)

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)

Be yourself

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

Chocolate

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

Risk

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

Prioriteis

παρὰ τούτοις εἶναι μᾶλλον πρῶτος ἢ παρὰ Ῥωμαίοις δεύτερος. Mallem hic primus esse quam Romae secundus. I had rather be the first man here than the second man in Rome. Plutarch – Greek writer (c. 45-125), in “Life of Caesar” (c. 96), Quotations book 2016

Priorities

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 […]

Perfection

Perfection is not attainable, but if we chase perfection we can catch excellence. Vince Lombardi – legendary American football coach (1913-1970), Quotations book 2016

Niche

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)

Create new

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete. R. Buckminster Fuller – Americanr architect, visionary, designer and philosopher (1895-1983)

Valor

Do you really like a particular stock? Put 10 percent or so of your portfolio on it. Make the idea count. … Good [investment] ideas should not be diversified away into meaningless oblivion. William H. “Bill” Gross – American Fonds Manager and company founder (b. 1944), from “Everything You’ve Heard About Investing Is Wrong! How to […]

Possibilities

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

Carità

Where charity reigns, happiness governs. Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), from “Memorie biografiche di San Giovanni Bosco” (book 6, 1907) Dove regna la carità regna la felicità. Don Giovanni Melchiore Bosco – sacerdote cattolici e pedagogo italiano (1815-1888), de “Memorie biografiche di San Giovanni Bosco” (Benda 6, 1907)

Felicità

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

Love

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

Life

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)

Sow and reap

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

Customer focus

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

Consumer

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

Deserve

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

Get ahead

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

Removing costs

Removing unnecessary costs is a service to civilization. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2016

Committee decisions

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

Conflicts

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

Industries

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

Helgon

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

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

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)

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

Prosperity and adversity

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

Try

What you cannot plan out, you have to try out. Tom Peters – American author and consultant (b. 1942), Quotations boook 2015 see tompeters.com

Enthusiasm

A man can succeed at almost anything for which he has unlimited enthusiasm. attributed to Charles M. Schwab – American industrialist and steel magnate (1862-1939), Quotations book 2015

Persistence

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

Vocation

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

Stock market success

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

Character

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

Christianity

I believe in Christianity as I believe the sun has risen, not only because I see it, but because by it I see everything else. C. S. Lewis – British writer (1898-1963), from “Is Theology Poetry?” (1944), Quotations book 2015

Thankful

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

Delegate

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

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

Property

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

Estimate

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. William H. “Bill” Gates – American software entrepreneur, Microsoft (b. 1955), from “The Road Ahead” (1995), Quotations book 2015

Engagement

It isn’t the number of people employed in a business that makes it successful it is the number working. Wisdom from business life – Quotations book 2015

Encouragement

You say: “I can’t figure things out.” God says: “I will make straight your paths.” You say: “I can’t forgive myself.” God says: “I forgive you.” You say: “I’m too tired.” God says: “I will give you rest.” You say: “Nobody really loves me.” God says: “I love you.” You say: “I can’t do it.” […]

Ability

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

Family business

We do not inherit the family business from our parents, we borrow it from our children. Slogan by Hermès International S.A., Paris – Quotations book 2015

Facilitate rather than arbiter

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

Progress

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

Questions

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

Free enterprise

We believe that business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity. Free-enterprise capitalism is the most powerful system for social cooperation and human […]

Freedom

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

Leadership

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

Business leaders

Business leaders are called to engage the contemporary economic and financial world in light of the principles of human dignity and the common good. Among these principles, we recall the principle of meeting the needs of the world with goods which are truly good and which truly serve.. Peter K. A. Cardinal Turkson – Catholic […]

Time to sell

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

Money

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

Winner and loser

The Winner is always part of the answer; The Loser is always part of the problem. The Winner always has a program; The Loser always has an excuse. The Winner says: “Let me do it for you”; The Loser says: ” That is not my job.” The Winner sees an answer for every problem; The […]

Greatness

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

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 […]

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

Longterm

Most Money will be made in the future – as has been in the past – by owning businesses and not by selling and buying them. Benjamin Graham – born as Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976), following “The Intelligent Investor” (1949), Quotations book 2015

Let

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

Participation

La parole est moitié à celui qui parle, moitié à celui qui l’écoute. Speaking is half his who speaks, and half his who hears. Michel de Montaigne – French writer and philosopher (1533-1592), from “De l’expèrience”, published in the third volume of his essays (1595), Quotations book 2015

Quality

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

Talk

Talk only what is helpful for building others up according to their needs, that it may benefit those who listen. The Bible, Ephesians 4:29 (NIV) – Quotations book 2015

Estimating correct

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

Strength

Good timber does not grow with ease. The stronger the wind the stronger the trees. Douglas Malloch – American writer, known as “Lumberman’s poet” (1877-1938), from his poem “Good Timber” (1926), Quotations book 2015

Succès

Nous réussissons aux entreprises qui exigent les qualités positives que nous possédons, mais nous excellons dans celles qui peuvent également se servir de nos défauts. We succeed in enterprises which demand the positive qualities we possess, but we excel in those which can also make use of our defects. attribuée à Alexis de Tocqueville zugeschrieben – […]

Talent

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

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 […]

Dreams

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

Persuasion indstead of punishment

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

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

Responsibility

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

Confidence

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

Mistake

Even a mistake may turn out to be the one thing necessary to a worthwhile achievement. attributed to Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2015

Continue

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

Strenght

Strength does not come from physical capacity. It comes from an indomitable will. Mahatma Gandhi – Indian politician (1869-1948), in “Young India” from August 11th, 1920, Quotations book 2013 and 2015

Wind of change

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

Charity

The eight Levels of Tzedakah: 1.Highest Level: Supporting a man who has fallen into poverty by giving him a present or a loan, entering into partnership with him, or finding him work so that his hand will be fortified so that he will not have to ask others. 2. Giving to the poor without knowing […]

Facts

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

Fearless

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

Priorities

Fear less, hope more; eat less, chew more; whine less, breathe more; talk less, say more; love more, and all good things will be yours. Swedish proverb – Quotations book 2014

Wisdom

By wisdom a house is built; by understanding it is established. By knowledge rooms are filled with all precious and pleasant wealth. The Bible, Proverbs 24:3-4 (CEB) – Quotations book 2014

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

Success by acting

Everything comes to him who hustles while he waits. Thomas Alva Edison – American inventor (1847-1931), from “Thomas Alva Edison : Sixty Years of an Inventor’s Life” (1908), Quotations book 2014

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

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 […]

Courage and success

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

Listen

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

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

Cosmopolitanism

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 – British value investor and philanthropist (1912-2008), Quotations book 2010

Vision and Success

Every vision begins with a mental journey; each success begins with making it reality. Motto – Quotations book 2010

Forgive

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

Simplify

Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that’s creativity. attributed to Charles Mingus – American jazz musician and composer (1922-1979), Quotations book 2010

Speculation

Speculation…is neither illegal, immortal nor un-American. But is not a game in which Charlie and I wish to play. We bring nothing to the party, so why should we expect to take anything home? Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2010

Risk-taking

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

Price and value

Share prices fluctuate more than share values. Sir John Marks Templeton – British value investor and philanthropist (1912-2008), Quotations book 2010

Consistent

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

Church

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

Buy and sell

To buy when others are despondently selling and to sell when others are greedily buying requires the greatest fortitude and pays the greatest ultimate reward. Sir John Marks Templeton – British value investor and philanthropist (1912-2008), Quotations book 2010

Journalists

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

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 […]

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

Faith

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

Greed

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

Past

Those who cannot remember the past are condemned to repeat it. George Santayana – born Jorge Augustín Nicolás Ruiz de Santayana, Spanish philosopher (1863-1952), from “Reason in Common Sense” (1906), the first book of “The Life of Reason”, Quotations book 2010

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

Money

It’s never too early to teach your children about the tool of money. Teach them how to work for it and they learn pride and self-respect. Teach them how to save it and they learn security and self-worth. Teach them how to be generous with it and they learn love. attributed to Judith Jamison – American […]

Give

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

Happiness and grief

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

Faithraising instead of fundraising

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

Experience

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

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

Simplicity

Keep things simple and take them seriously – simplicity is the end result of long hard work, not the starting point. realization – Quotations book 2010

Live simply

We should travel light and live simply. Our enemy is not possessions but excess. Dr. John W. Stott – British pastor and author (1921-2011), Quotations book 2010

Property

Property is the fruit of labor – property is desirable – it is a positive good in the world. That some should be rich, shows that others may become rich, and hence is just encouragement to industry and enterprise. Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), from a speech at the New York […]

Opportunities

Opportunities are like sunrises. If you wait too long, you miss them. William Arthur Ward – American writer (1921-1994), Quotations book 2010

Profit and cash

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

Making mistakes

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

Geniusses

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 […]

Live

Live your life, as if you are gonna die. attributed to William Shatner – Canadian actor (b. 1931)

Truth

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

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)

Perfect Church

If you wait for a perfect church, you must wait until you get to heaven; and even if you could find a perfect assenbly on earth, I am sure they would not admit you to their fellowship, for you are not perfect yourself. Charles Haddon Spurgeon – English baptist pastor (1834-1892), from “Additions to the Church”, […]

Resolve

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

Prayers

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

Decisions

Keep focused on the substantive issues. To make a decision means having to go through one door and closing all others. Abraham Zaleznik – American professor (Harvard Business School) and social psychologist (1924-2011)

Obstacles

Obstacles are those frightful things you see when you take your eyes off the goal. attributed to Henry Ford – American engineer and industrialist (1863-1947)

Prowess

One of the greatest discoveries a man makes, one of his great surprises, is to find he can do what he was afraid he couldn’t do. attributed to Henry Ford – American engineer and industrialist (1863-1947)

Competition

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)

Hard work

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

Money

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)

Individuality

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

Correctness

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)

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)

Market-economy

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 […]

Aims

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)

Boldness

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

Trust

I said to the man who stood at the Gate of the Year, “Give me a light that I may tread safely into the unknown.” And he replied, “Go out into the darkness and put your hand into the hand of God. That shall be to you better than a light safer than a known […]

Power is dispensable

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

Christmas

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

Gifts

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

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)

Economic Growth

Economic growth not only increases material living standards; it shapes the moral character of people and society. Benjamin M. Friedman – American economist (b. 1944)

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 […]

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)

Friendship

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

Courage

Similarly, in the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at Hand. Benjamin Graham – born Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976), from “The Intelligent Investor” (1949)

Health more important than money

Some people waste their lives in the constant pursuit of great wealth. As a commodity, let’s face it, money doesn’t rate as high as good health – and it certainly isn’t up there with great art. Roy R. Neuberger – American financier and art collector (1903-2010)

Investing

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

Risk

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”

Investments

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

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”

Being right

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

Attractive

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

Investment opportunities

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Beta-risk

If someone starts talking to you about beta, zip your pocketbook … there are two kinds of risk: 1) The risk that you could get a better return on your money elsewhere (opportunity cost) and 2) the risk of permanent capital impairment (financial health). Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

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)

Money and character

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

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 […]

Arbitrage

Give a man a fish and you feed him for a day. Teach him how to arbitrage and you feed him forever. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Price and value

Price is what you pay. Value is what you get. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Reputation

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

Market fluctuations

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Simplicity

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

Successful stock

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

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)

Obsession

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

Cut-throat competition

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

Invest in Businesses

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

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)

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 […]

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)

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

Humanity

For attractive lips, speak words of kindness. For lovely eyes, seek out the good in people. For a slim figure, share your food with the hungry. For beautiful hair, let a child run his/her fingers through it once a day. For poise, walk with the knowledge that you never walk alone. People, even more than […]

Quality

Quality in a product or service is not what the supplier puts in. It is what the customer gets out and is willing to pay for. A product is not quality because it is hard to make and costs a lot of money, as manufacturers typically believe. This is incompetence. Customers pay only for what […]

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

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)

Dreams

If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours. Henry David Thoreau – American writer (1817-1862), from “Walden” (1854)

Bible

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

Weather

Everybody talks about the weather, but nobody does anything about it. Slogan – often attributed to Mark Twain, born Samuel Langhorne Clemens, American writer (1835-1910)

Root of all Evil

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

Entrepreneurs

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

Success

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

Growth

Every now and then a man’s mind is stretched by a new idea or sensation, and never shrinks back to its former dimensions. Oliver Wendell Holmes, Sr. – American physician and writer (1809-1894), from “The Autocrat of the Breakfast Table”, Capitel 11 (1858)

Lies

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

Atmosphere

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)

God’s gift

What you are is God’s gift to you. What you make of yourself is your gift to God. Proverb

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

Virtues

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

Enough

Well, I think there’s one big truth that the typical investment counselor will have difficulty recognizing, but the guy who’s investing his own money ought to have no trouble recognizing. If you’re comfortably rich and you’ve got a way of investing your money that is overwhelmingly likely to keep you comfortably rich and someone else […]

Philosopher’s stone

If you know how to spend less than you get, you have the philosopher’s stone. Benjamin Franklin – American politician, writer and scientist (1706-1790), from “Poor Richard’s Almanac” (1736)

Act

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

Gratitude

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

Standard of knowledge

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

Invest

Invest at the point of maximum pessimism. Sir JohnMarks Templeton – British value investor and philanthropist (1912-2008), Quotations book 2005

Expensive words

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

Charity

Each one should use whatever gift he has received to serve others, faithfully administering God’s grace in its various forms. The Bible, 1. Peter 4,1 (NIV)

Doctors

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)

Du Good

Do all the good you can, by all the means you can, in all the ways you can, in all the places you can, to all the people you can, as long as ever you can. attributed to John Wesley – English preacher (1703-1791), known as “John Wesley’s Rule”

Simple

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)

Requirements

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)

Difficulties

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

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 […]

Hope

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

God’s Thoughts

I want to know His (God’s) thoughts, the rest are details. Albert Einstein – German physicist, Nobel prize in physics 1921 (1879-1955), from the interview “A Talk with Einstein” with Esther Salaman, 1955

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

Poverty

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

Goals

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

Constraints in conglomerates

There ain’t no nice guys in big business. attributed to Carl Cecilian Icahn – american millionaire and investor (b. 1936)

Riches

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

Wishes

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

Act justly

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

Contrast

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)

Need for support

It is error alone which needs the support of government. Truth can stand by itself. Thomas Jefferson – American politician, 1801-1909 third president and member of the American Enlightment movement (1743-1826), from Notes on Virginia, Query 17 (1782)

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)

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)

Venture Capital

I must say that a small investment company is one of the toughest things I ever attempted to do. There’s no business in this world that’s more difficult than backing bright young engineers and guys who think they’ve got a new product but aren’t good businessmen. Royal Little – American entrepreneur, founded Textron in 1923, father […]

Investment

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

Moral and economy

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

Patience

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

Gratitude

He that has satisfied his thirst turns his back on the well. Baltasar Gracián y Morales – Spanish philosopher and author (1601-1658)

Price of greatness

The price of greatness is responsibility. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965)

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)

Follow-through

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)

Theorists

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)

Responsibility

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

Laws

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)

Pleasure

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

Crisis

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

Diligence

Whatever is worth doing at all, is worth doing well. Philip Dormer Stanhope, 4th Earl of Chesterfield – British statesman (1694-1773), in a letter to his son from October 9th, 1746

Learning

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

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)

Money

Money is a great treasure that only increases as you give it away. attributed to Sir Francis Bacon – English philosopher, politician and writer (1561-1626), Quotations book 2018

Investing

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)

Bequeath

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

Satisfying life

Believing in our hearts that who we are is enough is the key to a more satisfying and balanced life. Ellen Sue Stern – American life advisor and author (b. 1954)

Why?

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

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)

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

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

Creating value

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

Greediness and idolatry

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

God’s work

God’s work done in God’s way will never lack God’s supply. James Hudson Taylor – English missionary in China (1832-1905)

Employ money

If a man is proud of his wealth, he should not be praised until it is known, how he employs it. attributed to Socrates – Greek philosopher (469-399 v. Chr.)

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)

Money

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

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)

Wellbeing

The Forbes list of the 400 richest Americans had about the same level of wellbeing as the Maasai of East Africa, a traditional herding people who live in huts with no electricity or running water. Ed Diener – American professor in psychology (b. 1946), from “Barclays Wealth Insights, Volume 4: The True Value of Wealth” (2007)

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)

Waste

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)

“Simple” job

I was happier when I was doing a mechanic’s job. attributed to Henry Ford – American engineer and industrialist (1863-1947)

Serve God with money

Remember this: you can’t serve God and money but you can serve God with money. Selwyn Hughes – English pastor and author, founder of the christian publishing company CWR (1928-2006), from “Service in the Eighth Degree – A biblical perspective on giving”

Riches

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

Realize

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

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)

Wealth

The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application.. attributed to Miguel de Cervantes Y Saavedra – Spanish writer (1547-1616)

Quality

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

Comfort

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

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)

Leader

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

Rules for Life

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

God-given

In our good works nothing is our own. Johan Calvin – born Jean Cauvin, French reformator and founder of the Calvinism (1509-1564)

Scapegoats

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)

Secret of success

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

Responsibility

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

Democracy

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

Dream

You see things as they are and ask “Why?” I dream things as they never where and ask “Why not?” George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), from “Back to Methuselah” (1921)

Backbone

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)

Charitable giving

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

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)

Money

We can either use our money to serve God or God will be our money. Denny (b. 1951) and Leesa (b. 1955) Bellesi – founders of “The Kingdom Assignment”, Quotations book 2018

Time management

Time management, really deciding what are the things that count, is a real skill that takes time to learn. it took me a lot of time to get that right. attributed to William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955)

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)

Contentment

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

Possessions

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)

Bargains

Find bargains and maintain discipline; if you can not find bargains stay in cash. Francis Chou — Canadian fund manager, Fund Manager of the Decade 2004 (b. 1956)

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

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

Sympathy with suffering

It is much more easy to have sympathy with suffering, than it is to have sympathy with thought. Accordingly, with admirable though misdirected intentions, they very seriously and very sentimentally set themselves to the task of remedying the evils that they see. But their remedies do not cure the disease, they merely prolong it. Indeed, […]

Independence

You can’t do right in investments unless you think independently. And the truth is, you’re neither right nor wrong because people agree with you. You’re right because your facts and your reasoning are right.. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930),Quotations book 2004

Contrarian

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

Donors motivation

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

Donate

What I discovered is that you’ve got to put in the same amount of work, and exercise the same degree of judgement, in giving money away as you do in making it.. William H. “Bill” Gates – American software entrepreneur, Microsoft (b. 1955), Quotations book 2004

Sympathy

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

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

World

When you rule your mind, you rule your world. Bill Provost – America loan consultant, chosen by Sir John Marks Templeton, British value investor and philanthropist (1912-2008), Quotations book 2002

Faults

Love has the patience to endure the fault we cannot cure. J. Jelinek – Chosen by Sir John Marks Templeton, British value investor and philanthropist (1912-2008), Quotations book 2002

Back to the roots

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

Tithing

You hear a lot of strange things about tithing. Some say it is a church tax, and they expect me to pay it and that is the end of it. Others say that when I give God one-tenth of my income, He blesses the nine-tenths that is left to the extent that the nine-tenths now […]

Future

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

Advertisement

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

Priorities

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

Don’t have others do the talking for you

We didn’t really need all that fancy legal stuff. The lawyers have a way of dragging you in and making things more complicated than they are. We were paying huge legal bills at that time, and I don’t think any of that would have affected the outcome. When the dust settles, you find out it […]

Risk

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

Resources

Isreael’s lack of natural resources, such as oil, is actually a benefit, because it has required us to be innovative and to engage in hard work. Stef Wertheimer – Israeli entrepreneur, founder of ISCAR (b. 1926), Quotations book 2009

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 […]

Private enterprise

Some […] regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Only a handful see it for what it really is – the strong and willing horse that pulls the whole cart. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize […]

Outperformance

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

Migrants

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

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 […]

Irish blessing

Walk carefully as you come here for God is here before you. Walk humbly as you come here for two or three are gathered. Walk softly as you come here for the spirit may speak in the silence of this place. from Ireland

Capital

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

Watchword 2009

What is possible with man is possible with God. The Bible, Lucas 18:27 (NIV) – Zitateheft 2009 The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible […]

Integrity

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

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 […]

Giving

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

Give

All you have shall some day be given; therefore give now, that the season of giving may be yours and not your inheritors. Khalil Gibran – Lebanese Maronite poet, philosopher and artist, aka Kahlil Gibran (1883-1931), 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 […]

Form

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

Succesful investment

The only investment I ever made which has paid consistently increasing dividends is the money I have given to the Lord.. attributed to James L. Kraft – American entrepreneur, founder of J.L. Kraft & Bros., today Kraft Foods Inc. (1874-1953), Quotations book 2009

Stay with a problem

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

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

Characters

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

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

Possession

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

Calling

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

Conversion

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

Invest

CFO asks CEO: “What happens if we invest in developing our people and then they leave us?” CEO asks CFO: “What happens if we don’t, and they stay?” Stefan Erschwendner – Austrian Business Consultant and Company founder (b. 1982), Quotations book 2015

Possibilities

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

Risk

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

Bad business

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

Motivation

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

Knowledge worker

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

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

Performance

It is impossible to produce superior performance unless you do something different from the majority. Sir John Marks Templeton – British value investor and philanthropist (1912-2008), Quotations book 2006

Recommendation

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 […]

Do it

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

Experience

Nobody ever learned anything from the second hit of a horse. attributed to R. Philip Hanes – American entrepreneur and author (1926-2011)

Endurance

What should you be doing in running your business? Just what you always do: Widen the moat, build enduring competitive advantage, delight your customers, and relentlessly fight costs. Warren Buffett about hard times in Business – American value kinvestor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2003

Mediocrity

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

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

Qualities of managers

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

Comprehensible accounting

If I can’t understand the accounting, they don’t want me to. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Earnings

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

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)

Synergy

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)

Business cycles

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

Good business

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)

History

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

Wonderful company

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2006

Wealth

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

Christmas

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

Community

In a knowledge economy, a good business is a community with a purpose, not a piece of property. Charles Handy – Irish author and management expert (b. 1932), Quotations book 2007

Leadership

Management is doing things right; leadership is doing the right things. Peter F. Drucker – Austrian-born American management expert (1909-2005), Quotations book 2007

Opportunities

You do things when the opportunities get along. I’ve had periods in my life when I’ve had a bundle of Ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing. Warren Buffett – American value investor, Chairman of […]

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

Tough times

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

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)

Scilled investment

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. John Maynard Keynes – British economist and investor (1883-1946)

Markets

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

Depression

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

Diversification

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

Anticipation

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

Reputation

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

Fun

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