Entries by Christoph Niemann

Thought

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

Bequeath

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

Honesty

If you tell the truth, you don’t have to remember your lies. Warren Buffett – American value investor, chairman of Berkshire Heathaway (b. 1930), Quotations book 2007

Countercyclical

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

Americas true greatness

It was not until I went into the churches of America, and I heard her pulpits aflame with righteousness did I understand the secret of her genious and power. Attributed to Alexis de Tocqueville – Franch publicist and politician (1805-1859), Quotations book 2007

Coming together

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

Compound interest

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

Time

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

Purchasing patterns

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.. Warren Buffett – American value investor, chairman of Berkshire Heathaway (b. 1930), Quotations book 2008

Bad press

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

Tithe

I never would have been able to tithe the first million Dollars I ever made if I had not tithed my first salary, which was $1.50 per week. attributed to John D. Rockefeller – American oil magnate and one of the richest men of the world in his time (1839-1937), Quotations book 2008

Charity work

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

Advertising

The philosophy behind much advertising is based on the old observation that every man is really two men – the man he is and the man he wants to be. attributed to William Feather – American author and publisher (1889-1981), Quotations book 2008

Real world

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

Change the world

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

Dullness and riches

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

Small people

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

Freedom

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

Wife

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

Trust

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

Trust

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

Circumstances

People are always blaming their circumstances for what they are. I don’t believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can’t find them, make them. George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 […]

Trustee

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

Doings

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

Statistics

Most economists use statistics like drunks use lampposts: for support rather than for light. attributed in a similar Version to Andrew Lang (1844-1912) and falsely to Sir Winston L. Churchill (1874-1964), Quotations book 2008

State

The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else. Frédéric Bastiat – French Economist and Journalist (1801-1850), Quotations book 2008

Recognize shortcomings

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

Life

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

Each individual counts

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