Entries by Tanja Titz

Trust in GOD

Commit thy way unto the LORD; trust also in him; and he shall bring it to pass. The Bible, Psalm 37:5 (KJV) – Quotations book 2006


Forgive someone and set a person free and you will discover, that this person is you. Proverb – Quotations book 2004


Plans are often worthless, yet the planning process is priceless. Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969)

Will and achievement

It is God at work in you – giving you the will and the power to achieve His purpose. The Bible, Philippians 2:13 (N.N.) – Quotations book 2006


Деньги есть чеканенная свобода. Федор Достоевский – русский писатель (1821-1881), из “Записки из Мёртвого дома” (1862), Цитаты 2005

Decision to invest

The decision to invest in one place rather than another, in one productive sector rather than another, is always a moral and cultural choice. Pope John Paul II – born Karol Wojtyła, Holy Father 1978-2005 (1920-2005), from “Centesimus Annus” (1991), Quotations book 2003

Price of Liberty

Eternal vigilance is the price of liberty. wisdom, falsely attributed to Thomas Jefferson – American politician, 1801-1909 third president and member of the American Enlightment movement (1743-1826), Quotations book 2003


There are risks and costs to a program of action, but they are far less than the long-range risks and costs of comfortable inaction. John F. Kennedy – American politician, 1961-63 35th president (1917-1963), Quotations book 2005

Wrong objective

Don’t chase performance – you will always be late. Perry J. Kaufman – American financial theorist, investment-expert and author (b. 1943)

The proper ambition

The Reverend Fred Craddock, a remarkable preacher from Georgia, may have been imagining things –the way preachers are wont to do – but he says this story really happened. Dr. Craddock was visiting in the home of his niece. There was this old greyhound dog there, just like the ones who race around a track […]


Risk = exposure to change Alexander Ineichen – Swiss banker (*1967), from “Asymmetric Returns”

Creave thinking

To cease to think creatively is but little different from ceasing to live. Benjamin Franklin – American politician, writer and scientist (1706-1790)


Since half the people are not going to like me anyway, they may as well not like me for the right reason. Patrick Morley – English auhor and former BBC journalist


Treating people with respect will gain one wide acceptance and improve the business. Tao Zhu Gong – Born Fan Li, Chinese advisor to the emperor of Yue (500 BC), second business principle


Nobody knows what’s in him until he tries to pull it out. Ernest M. Hemingway – American writer, Nobel Prize in literature 1954 (1899-1961)


He who thinks that he has finished is finished. Those who think that they have arrived, have lost their way. Henri J.M. Nouwen – Dutch theologian and psychologist (1932-1996), Quotations book 2007


Do not conform any longer to the pattern of this world, but be transformed by the renewing of your mind. The Bible, Romans 12:2 (NIV)


What a curious phenomenon it is that you can get men to die for the liberty of the world who will not make the little sacrifice that is needed to free themselves from their own individual bondage. Bruce Barton – American author and Advertising expert (1886-1967), Quotations book 2006


Philanthropy, while meritorious, on a large scale becomes a political act: the tycoon who extracts a fortune from the public to build a museum in one place rather than another has not created new beauty, only imposed his priorities on society. John Train – American author and investor (b.1928)

Investment advantage

Your investment advantage is usually at its greatest immediately before, during and right after the corporate event or change. Joel Greenblatt – American hedge fonds manager and honorary professor at Columbia University (b. 1957), Quotations book 2008


A people that values its privileges above its principles soon loses both. Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969), Quotations book 2005


You cannot teach a man anything; you can only help him to discover it in himself. Galileo Galilei – Italian astronomist und physicist (1564-1642), Quotations book 2005

Expensive Social Assistance State

By intervening directly and depriving society of its responsibility, the Social Assistance State leads to a loss of human energies and an inordinate increase of public agencies, which are dominated more by bureaucratic ways of thinking than by concern for serving their clients, and which are accompanied by an enormous increase in spending. Pope John […]


More is learned from one’s errors than from one’s successes. Primo Levi – Italian writer (1919-1987),  Quotations book 2002

Long-term investments

More fortunes are made by sitting on good securities for years at a time than by active trading. Philip L. Carret – American investor, founder of Pioneer Fund (1896-1998), Quotations book 2005

From the necessary to the impossible

Start by doing what’s necessary, then do what’s possible, and suddenly you are doing the impossible! Francis of Assisi – Italian friar and orders founder (1181/82-1226), Quotations book 2006

Stockholder’s homework

Anyone can become rich with stocks, if he does his homework! Peter Lynch – American investor and fund manager (b. 1944)


Knowledge is like a baobab tree – one person’s arms are not enough to encompass it. African proverb

Attitude of managers

As partial owners of a dozen plus companies we are by necessity absentee owners. Consequently, our first and overriding task in evaluating an investment is to determine whether management would work for us. Would they do what an owner with a long-term view would do with their knowledge of the business? Arthur D. Clarke – American […]


If I’d listened to my consumers, I’d have given them a faster horse. Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2004


It is impossible to rightly govern the world without God and the Bible. George Washington – American politician, 1789-97 first president (1732-99), Quotations book 2006


Things only have the value that we give them. Molière – born Jean Baptiste Poquelin, French actor and playwright (1622-1673)


Children’s games should be seen as their most serious-minded activity. Michel de Montaigne – French writer and philosopher (1533-1592)


All life is problem solving. Sir Karl Raimund Popper – Austrian-born English philosopher and sociologist (1902-1994)

Three rules of work

1. Out of clutter find simplicity. 2. From discord, find harmony. 3. In the middle of difficulty lies opportunity. Wisdom – often falsely attributed to Albert Einstein (“The new quotable Einstein”)


It is not happiness that makes you grateful, but gratefulness that makes you happy. Brother David Steindl-Rast – Austrian-born American Benedictine monk (b. 1926), www.gratefulness.org, www.dankbarkeit.org, Quotations book 2006


People are unreasonable, illogical and self-centered, LOVE THEM ANYWAY! If you do good, people will accuse you of selfish, ulterior motives, DO GOOD ANYWAY! If you are successful, you win false friends and true enemies, SUCCEED ANYWAY! The good you do today will be forgotten tomorrow, DO GOOD ANYWAY! Honesty and frankness make you vulnerable, […]


It’s better to do a lot of work on one idea, than do some work on a lot of ideas. Mike Onghai – American investor (b. 1970), Quotations book 2007

Income statement

A firm’s income statement may be likened to a bikini – what it reveals is interesting, but what it conceals is vital. Burton G. Malkiel – American economist, professor for economy at Princeton University (b. 1932), Quotations book 2005


Nothing that is worth doing can be achieved in our lifetime; therefore we must be saved by hope. Nothing which is true or beautiful or good makes complete sense in any immediate context of history; therefore we must he saved by faith. Nothing we do, however virtuous, can be accomplished alone; therefore we are saved […]


Whatever you write: Write short – and they will read it. Write clearly – and they will understand it. Write graphically – and they will keep it in mind. Joseph Pulitzer – American publisher and benefactor (1847-1911), Quotations book 2003


I learned this early on: You’ve got to give folks responsibility, you’ve got to trust them and then you’ve got to check on them. Samuel M. “Sam” Walton – American entrepreneur, founder of Walmart (1918-1992), Quotations book 2003


Behold, the fool saith, “Put not all thine eggs in the one basket” – which is but a manner of saying, “Scatter your money and your attention”; but the wise man saith, “Put all your eggs in the one basket and – watch the basket!” Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), Quotations book 2008

Winning margain

What are you doing your competitors aren’t doing yet? Philip A. Fisher – American Growth investor and Mentor of Warren Buffett (1907-2004), Quotations book 2007

Explaining the world with words or with mathematical formulas

Since the mathematicians have invaded the theory of relativity, I do not understand it myself anymore. attributed to Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955), Quotations book 2008

Ten Cannots

1. You cannot bring about prosperity by discouraging thrift. 2. You cannot help small men by tearing down big men. 3. You cannot strengthen the weak by weakening the strong. 4. You cannot lift the wage earner by pulling down the wage payer. 5. You cannot help the poor man by destroying the rich. 6. […]


You have to do your own growing no matter how tall your grandfather was. Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), Quotations book 2006

Watchword 2004

Jesus Christ says: Heaven and earth will pass away, but my words will never pass away. The Bible, Marcus 13:31 (NIV) – Quotations book 2004 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 […]


I have held many things in my hands, and I have lost them all. But whatever I have placed in God’s hands, that I still possess. wird Martin Luther zugeschrieben – German reformer (1483-1546), Quotations book 2008


I think you’ll make more money in the end with good ethics than bad. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), in “Harvard Law Bulletin” (Summer 2001), Quotations book 2002

Faith in God

Being confident of this, that he who began a good work in you will carry it on to completion until the day of Christ Jesus. The Bible, Philippians 1:6 (NIV)


Everything should be made as simple as possible, but not simpler. attributed to Albert Einstein – German physicist, Nobel Prize in Physics 1921 (1879-1955), Quotations book 2007

Factors for success

– The business can only be truly successful if it improves the life of people. – The richness of man is the work – not the money, which is only a tool to go through life. – Have clarity on what you do and make it readable to the outside. Pietro Barilla – Italian food-entrepreneur […]


Ett gott samvete beror ofta på dåligt minne. Swedish proverb, published in a collection by Gunnel (b. 1941) and Kjell Swärd (b. 1937)


A ship in the harbour is safe… But that’s not what the ships were made for. Wisdom – Quotations book 2002


You can do things that I cannot do. I can do things that you cannot do. Together we can do great things. Mother Teresa – born Agnes Gonxha Bojaxhiu, Albanian-born Indian nun and order’s founder, Nobel Peace Prize 1979 (1910-1997), Quotations book 2006


Do not pay Attention to every word People say or you may hear your servant coursing you – for you know in your heart that many times you you yourselv have cursed others. The Bible, Ecclesiastes 7:21-22 (NIV) – Quotations book 2002

Give in

Never give in, never give in, never, never, never, never – in nothing, great or small, large or petty — never give in except to convictions of honour and good sense. Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), from his speech at Harrow School (October 29th, 1941), Quotations […]

Aim high

Aim at Heaven and you will get ‚earth thrown in’. Aim at earth and you will get neither. C. S. Lewis – British writer (1898-1963), Quotations book 2006


Focus on waht you can do not on what you cannot do. Motto of a handicapped basketball-player and participant of the paralympic games – Quotations book 2004

Who am I?

Who am I? They often tell me I would step from my cell’s confinement calmly, cheerfully, firmly, like a squire from his country-house. Who am I? They often tell me I would talk to my warden freely and friendly and clearly, as though it were mine to command. Who am I? They also tell me […]

Peer pressure

Anyone taken as an individual is tolerably sensible and reasonable – as a member of a crowd, he at once becomes a blockhead. Friedrich Schiller – German writer (1759-1805)

Freedom and happiness

τὸ εὔδαιμον τὸ ἐλεύθερον, τὸ δ’ ἐλεύθερον τὸ εὔψυχον. Felicitatem existimantes esse libertatem, et libertatem esse animi generositatem. Happiness depends on being free, and freedom depends on being courageous. Thucydides – Greek historian (ca. 454-395 BC), from Pericles‘ funeral speech (Greek politician, ca. 490-429 BC) in “The Peloponnesian War” (Book2, ca. 430 BC), Quotations book […]


You can find out more about someone in an hours play than during a year of discussing.. Plato – Greek philosopher (ca. 428-348 BC), Quotations book 2002


An act of goodness is of itself an act of happiness. No reward coming after the event can compare with the sweet reward that went with it. Maurice Maeterlinck – Belgian writer, Nobel Prize in literature 1911 (1862-1949), Quotations book 2004

Please God

To the person who pleases HIM, GOD gives wisdom, knowledge and happiness, but to the sinner HE gives the task of gathering and storing up wealth to hand it over to the one who pleases GOD. The Bible, Ecclesiastes 2:26 (NIV)

Take the opportunity

The sad truth is that opportunity doesn’t knock twice. You can put things off until tomorrow but tomorrow may never come. Gloria Estefan – American singer and actress (b. 1957)


For he will command his angels concerning you to guard you in all your ways, they will lift you up in their hands, so that you will not strike your foot against a stone. The Bible, Psalms 91:11-12 (NIV)


There’s a way to do it better – find it! Thomas Alva Edison – American inventor (1847-1931), Quotations book 2008


Wenn Sie jemandem eine Frage stellen, warten Sie auf die Antwort. Business-philosophy of Edward Valenti (b. 1948) and Barry Becher (1941-2012) – American infomercial pioneers (Ginsu knives)


Friendship is unnecessary, like philosophy, like art… it has no survival value; rather, it is one of those things that give value to survival.. C. S. Lewis – British writer (1898-1963)


Goodness is the only investment that never fails. Henry David Thoreau – American writer (1817-1862)

Work and luck

I find that the harder I work, the more luck I seem to have. attributed to Thomas Jefferson – American politician, 1801-1909 third president and member of the American Enlightment movement (1743-1826), Quotations book 2008


When a wise man points to the moon, the fool looks at the finger. Chinese proverb – Quotations book 2007


Reputation is what others think of us; character is what God and the angels know of us. Thomas Paine – American independece fighter and human rights activist, known as “voice of the American revolution” (1737-1809), Quotations book 2005


Fundraising is the gentle art of teaching the joy of giving. Henry A. “Hank” Rosso – American fundraiser (1917-1999), Quotations book 2004

Myth as the enemy of truth

For the great enemy of truth is very often not the lie – deliberate, contrived and dishonest – but the myth – persistent, persuasive and unrealistic. Too often we hold fast to the cliches of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinions without the […]

Choosing a manager

The best way to choose a manager – like the best way to choose a son-in-law – is by character or culture. You should only go with a manager who aims to do what you too intend. Never try to change the way a manager manages. Only hire a manager you really expect to stay […]


When I look back on my life nowadays, which I sometimes do, what strikes me most forcibly about it is that what seemed at the time most significant and seductive, seems now most futile and absurd. For instance, success in all of its various guises, being known and being praised, ostensible pleasures, like acquiring money […]


Every mission risks losing its identity as a mission if it eliminates suffering servanthood in exchange for personal ease on a par with the world’s standards. Stephen E. Freed – International Director of International Teams (www.iteams.org)


Because Ideas have consequences Slogan of the Hillsdale Academy – The Hillsdale Academy is an American School in Michigan, Quotations book 2003

Watchword 2008

I live, you also will live. The Bible, John 14:19 (NIV) – Quotations book 2008 The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. […]

Investment strategy

Whenever you sell a stock, thinking it will go down, somebody else has to buy it, thinking it will go up. One of you is wrong – every time. That’s why you always have to think about, if and why you are on the right side of the trade. An that is why you have […]


We focus not on the performance of our stocks on the short run but on the performance of our business. Stockholder’s slogan

Public finances

The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. flasely attributed to Marcus Tullius Cicero […]

Have everything

You can’t have everything. Where would you put it? Steven Wright – American Comedian and actor (*1955), Quotations book 2007


You’ve got to make your employees happy. If the employees are happy, they are going to make the customers happy. John Willard Marriott – American entrepreneur, founder of the Marriott hotelchain (1900-1985)


The real measure of your wealth is how much you’d be worth if you lost all your money. Wisdom


The weak can never forgive. Forgiveness is the attribute of the strong. Mahatma Gandhi – Indian politician (1869-1948), Quotations book 2004

False security

You have acquired a false security, and it is this false security on which you live that causes your feelings of inferiority. One lives wrapped in cotton, protected from the cold and heat. It is not good never to be cold or hot. Dr. Carl Gustav Jung – Swiss psychologist (1875-1961)


Hope is not the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out. Wisdom


Anyone who stops learning is old, whether at twenty or eighty. Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2006


If you want to go fast, go alone. If you want to go far, go together. Kenyan proverb – Quotations book 2005


Everything happens for the best. Richard Prentice Ettinger – American publisher, inventor of loseleaf-Services and founder of US-publisher Prentice Hall (1893-1971), from “Everything Happens for the Best” (1970), Quotations book 2002

Holding period

How long should you hold a stock? As long as the good things that attracted you to the company are still there. Philip L. Carret – American investor, founder of Pioneer Fund (1896-1998), Quotations book 2005


When I despair, I remember that all through history the way of truth and love has always won. There have been tyrants and murderers and for a time they seem invincible but in the end, they always fall — Think of it, ALWAYS! Mahatma Gandhi – Indian politician (1869-1948)

Being generous

Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. The Bible, 2 Corinthians 9:6 (NIV) – Quotations book 2005


The first thing is character. Before money or anything else. Money cannot buy it. … A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business. John Pierpont Morgan – American banker (1837-1913), from a statement before a Congressional […]


If your work speaks for itself, don’t interrupt. attributed to Henry J. Kaiser – American entrepreneur, founder of several companies – today Kaiser Group International (1882-1967)


My material success was not to be attributed to what I have known or done myself, but to the faculty knowing and choosing others who did know better than myself. Precious knowledge this for any man to posses. I did not understand (for example) steam machinery, but I tried to understand that much more complicated […]


A man can fail many times, but he isn’t a failure until he begins to blame someone else. John Borroughts – American author and naturalist (1837-1921)


We make a living by what we get. We make a life by what we give. often falsely attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965)


It is important that an aim never be defined in terms of activity or methods. It must always relate directly to how life is better for everyone. … The aim of the system must be clear to everyone in the system. The aim must include plans for the future. The aim is a value judgement. […]

People and books

Of all the inanimate objects, of all men’s creations, books are the nearest to us, for they contain our very thoughts, our ambitions, our indignations, our illusions, our fidelity to truth, and our persistent leaning toward error. But most of all they resemble us their precarious hold on life. Joseph Conrad – born Josef Teodor Nalecz […]


When you cease to make a contribution, you begin to die. Eleanor Roosevelt – American presidential spouse 1933-45 and philanthropist, co-writer of the UN Charta for human rights (1884-1962)


Where the Spirit of the Lord is, there is freedom. The Bible, 2 Corinthians 3:17 (NIV) – Quotations book 2004


Brokers know the price of everything and the value of nothing. attributed to Philip A. Fisher – American Growth investor and mentor of Warren Buffett (1907-2004)

Art of investing

The art of investing in public companies is… simply 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. Charlie Munger – Vice-Chairman of Berkshire Hathaway (*1924), Quotations book 2005


If our greatest need had been information, God would have sent us an educator. If our greatest need had been technology, God would have sent us a scientist. If our greatest need had been money, God would have sent us an economist. If our greatest need had been pleasure, God would have sent us an […]


To the question: “Today you are a billionaire. What do you afford rather than before?” Nothing. You know I am a guy who wears boots, I have some more suits in my cupboard, but I still drive an old Volvo, and I don’t have a yacht or a private jet. And I got the same […]

Question mark

The question mark is more powerful than the exclamation point. Dale Carnegie – born Dale Carnagey, American author and personality coach (1888-1955)

Are you strong enough to handle critics?

It is not the critic who counts, not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat und blood, who strives valiantly, who errs […]


Commit to the LORD whatever you do, and your plans will succeed. The Bible, Proverbs 16:3 (NIV) – Quotations book 2007

Old or bold

There’s a saying in the British Royal Air Force that investors need to remember: “There are old pilots, and there are bold pilots, but there are no old, bold pilots.” Quotations book 2007


If a manager wants to handle everything on his own, he mustn’t be surprised at his staff retiring. Wisdom – Quotations book 2006

Wait a while

There is an old adage in investment lore that says, “Buy when blood is in the streets.” Actually, it is sometimes best to wait a while. An investor did not have to buy during the riots in the streets of Watts; a year later was time enough to catch the lowest prices and make a […]

People are possibilities

Love sees people – not as problems, better as possibilities. Dr. Robert H. Schuller – Americanisch evangelist and reformed priest (1926-2015)

Get up

Falling isn’t failing unless you don’t get back up. Earl Nightingale – American publisher (1921-1989), Quotations book 2007


The currency of this world will be worthless at our death or at Christ’s return, both of which are imminent. Randy C. Alcorn – director of the Eternal Perspective Ministries and author (b. 1954),Quotations book 2008


Wherever we look upon this earth, the opportunities take shape within the problems. Nelson A. Rockefeller – American politician and philanthropist,1974-77 vicepresident (1908-1997)


I have no special talents. I am only passionately curious. Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955), from a letter to Carl Seelig (11.3.1952), Quotations book 2008

Prayer for Generosity

Lord, teach me to be generous. Teach me to serve as you deserve; To give and not count the cost; To fight and not to heed the wounds; To toil and not to ask for rest; To labor and not ask for reward; Save that of knowing I am doing your will. Ignatius of Loyola – […]


We are not afraid to entrust the American people with unpleasant facts, foreign ideas, alien philosophies, and competitive values. For a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people. John F. Kennedy – American politician, 1961-63 35th […]

Growth needs thinking

To grow you must innovate, to innovate you must think. Business slogan of the Italian firm Socotherm

Own instinct

Follow your own instincts, not those of people who see the world differently. Sumner Murray Redstone – born Sumner M. Rothstein, American media magnate (CBS, Viacom, 1923-2020)

Spirit of Prussia

The idea of freedom can never be separated from the true spirit of Prussia. Henning von Tresckow – German generalmajor and resistance fighter (1901-1944), Quotations book 2006

One Solitary Life

He was born in an obscure village, the child of a peasant woman. He grew up in still another village, where he worked in a carpenter shop until he was thirty. Then for three years he was an itinerant preacher. He never wrote a book. He never held an office. He never had a family […]

Store profits

Don’t store your profits here on earth, they can erode away or be stolen. Store them in heaven where they will never lose their value, and are safe from thieves! If your profits are in heaven your heart will be there too. The Bible, Matthew 6:19-21 (N.N.) – Quotations book 2006

Profit from advice

Many receive advice, only the wise profit from it. Publilius Syrus – Roman poet (1st century BC)


Agreeable in manner, strong in substance. Fortiter in re, suaviter in modo! Claudius Aquaviva – Italian Jesuit general, Venice (1543-1615), Quotations book 2002

Secret of success

The secret of success in life is for a man to be ready for his opportunity when it comes. Benjamin Disraeli – English writer and politician, 1868 and 1874-80 Prime Minister (1804-1881)


Risk is the chance of an unwanted outcome. Leslie Rahl – American financial advisor and author (b. 1950)


The plans of the diligent lead to profit as surely as haste leads to poverty. The Bible, Proverbs 21:5 (NIV) – Quotations book 2008


I worry about what money might do to my kids. So I have decided to make it very clear that they are not going to get a penny. My wife Trudie and I are heroically trying to spend it all! Sting – born Gordon Matthew Sumner, Rockstar, whose bargain ich estimated to 35 million Euro by […]

National debt

Blessed are the young, for they shall inherit the national debt. Herbert C. Hoover – American politician, 1929-33 31st president (1874-1964), Quotations book 2005

Wilberforce and manners

The almighty LORD set two targets for me: the abolishment of slavery and the reformation of manners. William Wilberforce – British parliamentarian and philanthropist, who had a relevant contribution to the abolishment of slavery (1759-1833)


tell you the truth, if you have faith as small as a mustard seed, you can say to this mountain, ‘Move from here to there’ and it will move. Nothing will be impossible for you! The Bible, Matthew 17:20-21 (N.N.) – Quotations book 2007


The easiest person to fool is yourself. Richard Phillips Feynman – American physicist, Nobel Prize in physics 1965 (1918-1988)


Go placidly amid the noise and haste, and remember what peace there may be in silence. As far as possible, without surrender, be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even to the dull and ignorant; they too have their story. Avoid loud and aggressive persons; […]

Resist the commencements

First they came for the communists, and I did not speak out— because I was not a communist; Then they came for the socialists, and I did not speak out— because I was not a socialist; Then they came for the trade unionists, and I did not speak out— because I was not a trade […]


Values are like fingerprints. Nobody’s are the same, but you leave ’em all over everything you do. Elvis Presley – American singer (1935-1977), Quotations book 2004

Creation of capital

Capital must be propelled by self-interest; it cannot be enticed by benevolence. Walter Bagehot – English economist and author, editor in chief of “The Economist” (1826-1877)


Comradeship and trust will emerge naturally when discipline and high standards are enforced. Tao Zhu Gong – born Fan Li, Chniese advisor to the emperor of Yue (500 BC), eleventh Business principle


What would you attempt to do if you knew you could not fail? Dr. Robert H. Schuller – American evangelist and reformed priest (1926-2015), Quotations book 2002

Wisdom and wealth

Wisdom outweighs any wealth. Sophocles – Greek poet (496 – 406/405 BC)

Obedient stockholders

The typical American stockholder is the most docile and apathetic animal in captivity. He does what the board of directors tell him to do and never thinks of asserting his individual rights as owner of the business and employer of its paid officers. Benjamin Graham – born Benjamin Großbaum, American investor and inventor of systematic […]


For what profit is it to a man if he gains the whole world, and lose his own soul? Or what will a man give in exchange for his soul? The Bible, Matthew 16:26 (N. N.) – Quotations book 2005

Seeds of time

If you can look into the seeds of time and say which grain will grow and which not, speak then to me… William Shakespeare – English writer (1564-1616), in “Macbeth” 1st act, Scene 3/4 “Banquo” (1623)

Buying Stocks

Buy stocks that are difficult to buy. Experienced investor’s rule of thumb


There are two ways to live your life. One is as though nothing is a miracle. The other is as if everything is. often falsely attributed to Albert Einstein


Whenever you find yourself on the side of the majority, it is time to pause and reflect. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from his note book (published 1935), Quotations book 2008


Have you ever observed that we pay much more attention to a wise passage when it is quoted than when we read it in the original author? Philip G. Hamerton – English writer (1834-1894), Quotations book 2004


Do the right thing. It will gratify some people and astonish the rest. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), Quotations book 2004

The Ten Commandments (Version by Martin Luther)

1. I am the Lord thy God, which have brought thee out of the land of Egypt, out of the house of bondage. 2. Thou shalt have no other gods before me. Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is […]

Power of Managers

In the modern corporation the decisive power, that of the managers, is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power. Peter F. Drucker – Austrian-born American Management expert (1909-2005), Quotations book 2007


Investment in knowledge pays the best interest. Benjamin Franklin – American politician, writer and scientist (1706-1790), Quotations book 2002


Failing to plan is planning to fail. Benjamin Franklin – American politician, writer and scientist (1706-1790)


It’s not the plan that is important, it is the planning. Dr. Graeme Edwards – Australian specialist in Occupational and Environmental Medicine, Quotations book 2004


The things which are seen are temporal; but the things which are not seen are eternal. The Bible, 2 Corinthians 4:18 (KJV)

Too lazy to think

There is no expedient to which man will not resort to avoid the real labour of thinking. Sir Joshua Reynolds – English painter (1723-1792)


All of the good in the world is not done by foundation donations. Much more good is done via ordinary business operations of the corporations in which they invest. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2002

Everything starts small

The beginnings of all things are small. Omnium enim rerum principia parva sunt. Marcus Tullius Cicero – Roman politician (106-43 B.C.), from “On the ends of good and evil”, book V, chapter XXI (“De finibus bonorum et malorum”, 45 B.C.), Quotations book 2021


Of all ways of defining man, the worst is the one which makes him out to be a rational animal. Anatole France – born Jacques Anatole François Thibault, French poet, Nobel Prize in literature 1921 (1844-1924), Quotations book 2003


I am generous with my money and stingy with my time. Nandan Nilekani – Indian entrepreneur, CEO at Infosys (b. 1955), Quotations book 2007


When we get what we deserve, that is justice. When we don’t get what we deserve, that is mercy. When we get what we don’t deserve, that is grace. Proverb – Quotations book 2005


Look in the eyes and not in the files. Dr. h.c. Helmut O. Maucher – former CEO of Nestlè (1927-2018), Quotations book 2015


The United States has to move very fast to even stand still. John F. Kennedy – American politician, 1961-63 35th president (1917-1963), at a press conference 1963


Only those who dare to fail greatly can ever achieve greatly. Robert Francis “Bobby” Kennedy – American jurist and senator (1925-1968)


It’s not how many ideas you have. It’s how many you make happen. Wisdom – Quotations book 2004

Need and greed

Earth provides enough to satisfy every man’s need, but not every man’s greed. Mahatma Gandhi – Indian politician (1869-1948), Quotations book 2005

New ideas

The man with a new idea is a crank until the idea succeeds. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), Quotations book 2006


My job is to find money for those people, who know, how this works. Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


Quantum potes, tantum audes. Thomas Aquinas – Italian philosopher and theologian (1224/25-1274), from “Lauda Sion” (circa 1264), Quotations book 2008


Don’t take the wrong side of an argument just because your opponent has taken the right side. Baltasar Gracián y Morales – Spanish philosopher and writer (1601-1658), Quotations book 2005

Role model

Don’t worry that children never listen to you; worry that they are always watching you. Robert Fulghum – American theologian and author (b. 1937), Quotations book 2007

Take time

Take time to work – thisis the condition for success! Take time to think – it is the source of power! Take time to read – it is the foundation of wisdom! Take time to play – it is the secret of staying young! Take time to be friendly – it is the road to […]


Great minds discuss ideas. Average minds discuss events. Small minds discuss people. Eleanor Roosevelt – American presidential spouse 1933-45 and philanthropist, co-writer of the UN Charta for human rights (1884-1962)

Friend and enemy

A wise man gets more use from his enemies than a fool from his friends. Baltasar Gracián y Morales – Spanish philosopher and writer (1601-1658), Quotations book 2006


You never win alone. Once you start believing something different, you start loosing. Mika Häkkinen – Finnish former Formula One-racing driver (b. 1968), Quotations book 2007

Children See What They Live

If a child lives with criticism, he learns to condemn. If a child lives with hostility, he learns to fight. If a child lives with ridicule, he learns to be shy. If a child lives with shame, he learns to feel guilty. If a child lives with tolerance, he learns to be patient. If a […]


Committees should be small and in odd numbers, preferably below three. Wisdom


I never did anything worth doing by accident, nor did any of my inventions come by accident. Thomas Alva Edison – American inventor (1847-1931)

Good and bad

There is nothing so bad that someone won’t praise it, or so good that someone won’t complain. Finnish proverb – Quotations book 2008


Go where the puck is going to be, not where you see it. Lowell “Bud” Paxson – American media executive (1935-2015), founder of Home Shopping TV, the Pax Net channels and “Worship TV”, Quotations book 2003

Freedom of the press

Were it left to me to decide whether we should have government without newspapers, or newspapers without government, I should not hesitate a moment to prefer the latter. Thomas Jefferson – American politician, 1801-1909 third president and member of the American Enlightment movement (1743-1826)

Being right

You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. Benjamin Graham – born Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976)


Every child has its own statistic: Wise medical doctors answer to the question of worried parents what survivial chance percentage their child would have: The child is well and alive today. said at the Ira W. Sohn Conference for Tomorrows Childrens Fund – Quotations book 2005

Stayng power

One man has enthusiasm for 30 minutes, another for 30 days, but it is the man who has it for 30 years who makes a success out of his life. Edward B. Butler – American painter (1853-1928), Quotations book 2006

Minimize Risk

The way to minimize risk is to think.. Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

Search for faults

Don’t find a fault, find a remedy. Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2006


Love is a better teacher than duty. Albert Einstein – German pysicist, Nobel Prize in physics 1921 (1879-1955)

Smart leader

If you are a leader and you are the smartest guy in the room, you have got real problems. Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


The best investments are on main street, not Wall Street. Robert Miles – American investmentor, author and Warren Buffett expert (b. 1955)


Don’t think there are no crocodiles because the waters are calm. Malaysian proverb – Quotations book 2003


The best index to a persons character is (a) how he treats people who can’t do him any good, and (b) how he treats people who can’t fight back. Abigail van Buren – born Pauline Esther Friedman, American advice columnist (1918-2013), Quotations book 2003

Seven social sins

1. Wealth without work 2. Pleasure without conscience 3. Knowledge without character 4. Commerce without morality 5. Science without humanity 6. Worship without sacrifice 7. Politics without principle Mahatma Gandhi – Indian politician (1869-1948), Quotations book 2007

Equity participation

I don’t have sense enough to figure out when to go into cash, so we’re always fully invested in stocks. Philip L. Carret – American Investor and founder of Pioneer Fund (1896-1998), Quotations book 2005


All experience is an arch to build upon. Henry Brooks Adams – American historian (1838-1918)

Whatever you do

Whatever you do, do wisely, and think of the consequences. Quidquid agis, prudenter agas et respice finem! from the”Gesta Romanorum” – late medieval collection of examples (14th Century)


Before I got married I had six theories about bringing up children; now I have six children and no theories. John Wilmot, 2nd Earl of Rochester – English writer (1647-1680)


In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Harold S. Geneen – American manager (f.ex. ITT) (1910-1997), Quotations book 2008

Watchword 2007

Behold! I am doing a new thing! Now it springs up; do you not perceive it? The Bible, Jesaja 43:19a (ESV) – Quotations book 2007 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 […]


In God we trust, all others bring data. Prof. Dr. William Edwards Deming – founder of “Total Quality”-movement (1900-1993), Quotations book 2005

Chains of habit

The chains of habit are too light to be felt until they’re too heavy to be broken. Bertrand Russell – British philosopher and mathematician, Nobel Prize in literature 1950 (1872-1970), Quotations book 2006

The fruit of silence

The fruit of silence is prayer, the fruit of prayer is faith, the fruit of faith is love, the fruit of love is service, the fruit of service is peace. Mother Teresa – born Agnes Gonxha Bojaxhiu, Albanian-born Indian nun and order’s founder, Nobel Peace Prize 1979 (1910-1997), Quotations book 2007

Long-term investments

Referring to 1913: Even in these earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear. Philip A. Fisher – American Growth-Investor and […]

Our deepest fear

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that frightens us most. We ask ourselves: who am I to be brilliant, gorgeous, talented and fabulous? Actually, who are you not to be? You are a child of […]

Watchword 2006

I will not fail thee, nor forsake thee. The Bible, Josua 1:5 (KJV) – Quotations book 2006 The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An […]


On why he has donated $600 million to selected charities. “I simply decided I had enough money.” Charles Feeney – Irish-American businessman, co-founded the DFS Duty Free Shops chain and General Atlantic Partners (b. 1931)


He uses statistics as a drunken man uses lamp posts – for support rather than illumination. Andrew Lang – Scottish writer (1844-1912)


Plan so big that you need God to fulfill your plan. Dr. William Rohl “Bill” Bright – American evangelist, founder of the Campus Crusade for Christ International (1921-2003), Quotations book 2008


Germans are honest men. William Shakespeare – English author (1564-1616), in “The Merry Wives of Windsor” (1597), Quotations book 2003


It is precisely the ability to foresee both the needs of others and the combinations of productive factors most adapted to satisfying those needs that constitutes another important source of wealth in modern society. Pope John Paul II – born Karol Wojtyła, 1978-2005 Holy Father (1920-2005), from “Centesimus Annus” (1991), Quotations book 2006

Dreams of the future

The future belongs to those who believe in the beauty of their dreams. Eleanor Roosevelt – American presidential spouse 1933-45 and philanthropist, co-writer of the UN Charta for human rights (1884-1962), Quotations book 2004


Even when the experts all agree, they may well be mistaken. Bertrand Russell – British philosopher and mathematician, Nobel Prize in literature 1950 (1872-1970), from “On the Value of Scepticism” (first page), in “Sceptical Essays” (London 1924)


When I do good, I feel good; when I do bad, I feel bad, and that is my religion. Abraham Lincoln – American politician, 16th president 1896-65 (1809-1865)


Respect people for who they are, not for what their titles are. Herbert D. “Herb” Kelleher – American entrepreneur, co-founder of Southwest Airlines (1931-2019)


A man is incapable of comprehending any argument that interferes with his Revenue. Wisdom


You never know the true value of a property until you have cashed the check from the sale. Claude N. Rosenberg, Jr. – American Investment consultant (1928-2008), from “Investing with the Best” (1986), Quotations book 2002


God, give us grace to accept with serenity the things that cannot be changed, courage to change the things which should be changed, and the wisdom to distinguish the one from the other. Reinhold Niebuhr – German-American theologian (1892-1971), Quotations book 2006


When was the last time, you were looking for a better solution? Question to motivate


He profits most who serves best. Arthur F. Sheldon – president of “Sheldon School of Business Building” (1868-1936), Quotations book  2006


You must capture and keep the heart of the original and supremely able man before his brain can do its best. Andrew Carnegie – Scottish-born American steel industrialist (1935-1919), Quotations book 2003


High expectations are the key to everything. Samuel M. “Sam” Walton – American entrepreneur, founder of Walmart (1918-1992)

Do it

Most organizations spend all their time looking for the next new management concept rather than following up on what everyone just learned. Dr. Ken Blanchard – American management expert and author (b. 1939), Quotations book 2007


· Get in Front of Wealth. · Represent the Firm in Areas Where You Have Conviction. · Ask for the Business. · Know Your Customer. · Use the Firm’s Resources Wisely. · Don’t Procrastinate! · If You Don’t Know the Answer, Say So, Then Get It. · When in a Gray Area, See Your Manager. […]


The difference between the almost right word and the right word is really a large matter–it’s the difference between the lightning bug and the lightning. Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910)


I never learned anything while I was talking. Larry King – born Lawrence Harvey Zeiger, American journalist (1933-2021), Quotations book 2007

The bottom 10 percent

The cruelest system in the world is when they give people 3 percent to 4 percent increases to keep them even with inflation. They carry them along, don’t give them appraisals, don’t tell them what they are doing wrong, how they can improve and then, a recession comes. Then, they call them in and say, […]

Don’t give up

When things go wrong as they sometimes will. When the road you’re trudging seems all up hill. When funds are low and the debts are high. And you want to smile, but you have to sigh. When care is pressing you down a bit. Rest, if you must, but don’t you quit. Life is queer […]


If you can dream it, you can do it. Walt Disney – Americani catoonist and film producer (1901-1966), Quotations book 2002

Market economy

At the bottom of many criticisms of the market economy is really lack of belief in freedom itself. Milton Friedman – American economist, Nobel-Memorial Prize in economic sciences 1976 (1912-2006), Quotations book 2008


I believe that every right implies a responsibility; every opportunity, an obligation; every possession, a duty. John D. Rockefeller jr. – American philanthropist (1874-1960), Quotations book 2003


A vote is like a rifle; its usefulness depends upon the character of the user. Theodore Roosevelt – American politician, 1901-09 26th president, Nobel Peace Prize 1906 (1858-1919)


Better to be occasionally cheated than perpetually suspicious. Bertie Charles Forbes – American journalist and publisher (1880-1954), Quotations book 2002


Who questions much, shall learn much, and retain much. Sir Francis Bacon – English philosopher, politician and writer (1561-1626), Quotations book 2008

Venture Capital

We back jockeys, not horses. Motto of venture investors – Quotations book 2005

Man of value

Try not to become a man of success but rather become a man of value! Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955), Quotations book 2005


If you wish to know the road up the mountain, ask the man who goes back and forth on it.. from the Zenrin Kushu – collection of Zen quotes from the 15th century


In the beginning God created the heavens and the earth. Now the earth was formless and empty, darkness was over the surface of the deep, and the Spirit of God was hovering over the waters. And God said, “Let there be light”, and there was light. God saw the light was good, and he separated […]

What matters

One hundred years from now, it will not matter what kind of car I drove, what kind of house I lived in, how much I had in my bank account, nor what my clothes looked like. But the world may be a little better because I was important in the life of a child. Dr. […]

What counts

Not everything that counts can be counted, and not everything that can be counted counts. attributed to Albert Einstein – German physicist,Nobel Prize in physics 1921 (1879-1955)

Mutual Funds

There was only one place to make money in the mutual fund business – as there is only one place for a temperate man to be in a saloon, behind the bar and not in front of it… so I invested in a management company. Paul A. Samuelson – American economist, Nobel-Memorial Prize in economic […]


Companies should act as if they have owners, because they do, and investors should act like they are owners, because they are. Investor’s slogan – Quotations book 2008

Riht to criticise

He has the right to criticise who has the heart to help. Abraham Lincoln – American politician, 1861-65 16th president (1809-1865)

Value of life

The value of life ist not in the length of days, but in the use we make of them; a man may live long yet very little. Michel de Montaigne – French writer and philosopher (1533-1592)


What dreams would you have if you knew you could not fail? Inscription at the Crystal Cathedral’s Welcoming Center in Garden Grove, California – Quotations book 2007


We didn’t inherit the land from our fathers. We are borrowing it from our children. Amish proverb – Quotations book 2008

Joy of business

The joy of business lies in the drive to succeed for the sake, not of the fruits of success but of success itself, in the will to conquer, in the impulse to fight for what’s right, and in the thrill of exercising our energy and ingenuity. following Joseph Alois Schumpeter – Austrian economist (1883-1950), Quotations book 2008


No one has ever become poor by giving. Anne Frank – Dutch Jewish banker’s daughter, who died in the Bergen-Belsen concentration camp (1929-1945), Quotations book 2008


He has achieved success who has lived well, laughed often and loved much; who has enjoyed the trust of pure women, the respect of intelligent men and the love of little children; who has filled his niche and accomplished his task; who has left the world better than he found it, whether by an improved […]

The way families invest

“Compared with other institutional investors, ‘families are more adventurous about where they invest their capital,’ says a managing director at one advisory firm whith a large wealthy client base. ‘They’re quicker in their decision-making, and sometimes don’t have hard and fast rules like pension funds do.’” from: The Private Equity Analyst – March 2004, Quotations book 2006

Prevent problems

Intellectuals solve problems, geniuses prevent them. often falsely attributed to Albert Einstein – Quotations book 2008


It is only occasionally that there is any reason for selling (carefully selected stocks) at all. Philip A. Fisher – Growth-Investor and mentor of Warren Buffett (1907-2004), Quotations book 2007

Taxes and civilization

Taxes are the price that we pay for a civilized society. Oliver Wendell Holmes jr. – American Supreme Court justice (1841-1935), Quotations book 2006


Obviously, what motivates a businessman is profits. But what gives us comfort and – why not say it? – makes us proud, is to see that our business activities are making a contribution to the economic and social development of the country. Olacyr Francisco de Moraes – Brazilian entrepreneur, who offers a free healthcare at […]

Secret of success

Be yourself. Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century

Taking the job seriously

Always take your job seriously, never yourself. Dwight David Eisenhower – American general and politician, 1953-61 34th president (1890-1969), Quotations book 2005


I will study, I will prepare, and my opportunity will come. attributed to Abraham Lincoln – American politician, 1861-65 16th president (1809-1865)


Where there is no vision, the people perish. The Bible, Proverbs 29:18 (KJV) – Quotations book 2007

Watchword 2002

Behold, God is my salvation; I will trust and not be afraid. The Bible, Jesaja 12:2 (KJV) – Quotations book 2002 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 business that makes nothing but money is a poor kind of business. Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2005

Examen of Consciousness

1. God, I believe that at this moment I am in your presence and you are loving me. 2. God, you know my needs better than I know them. Give me your light and help as I review this day. 3. God, help me now to review the events of this day in order to […]


If you chase two rabbits, both will escape. Otto von Bismarck – German politician, 1871-90 first chancellor (1815-1898), Quotations book 2006


Does the company have a management of unquestionable integrity? Philip A. Fisher – American Growth-Investor and Mementor for Warren Buffett (1907-2004)

Experience of Life

A woman was strolling along a street in Paris when she spotted Picasso sketching at a sidewalk cafe. The woman went over and asked Picasso if he could sketch her, and charge her accordingly. Picasso obliged. In just minutes, there she was: an original Picasso. “And what do I owe you?” she asked. “Five thousand […]


A fool often fails because he thinks what is difficult is easy, a wise man because he thinks what is easy is difficult. John Churton Collins – British writer (1848-1908), Quotations book 2007


Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information? Thomas Stearns Eliot – English-born American writer, Nobel Prize in literature 1948 (1888-1965)


There are two levers to set a man in motion, fear and self-interest. Napoleon Bonaparte – French general and 1804-14 and 1815 emperor (1769-1821)


Everything is possible for one who believes. The Bible, Markus 9:23 (NIV) – Quotations book 2003


Experience is not what happens to a man; it is what a man does with what happens to him. Aldous Leonard Huxley – British writer (1894-1963), from “Texts & Pretexts: An Anthology With Commentaries” (1932), Quotations book 2008

Outstanding managers

Outstanding managers are like good friends: when you find one the friendship is durable and capable of lasting years. But friendships aren’t given; they require work and patience. And they reward us when most needed by keeping us from doing dumb things. Consider the mental stress of changing friends regularly! How much financial stress comes […]


Being an entrepreneur means having a different view of the future. Ludwig von Mises – Austrian economist (1881-1973), Quotations book 2006