Author Archive for: ttitz

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

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

Law suits always undervalue companies. Business wisdom

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

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

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

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 […]

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

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

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 […]

“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

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

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 […]

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

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

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

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