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

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)

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.
The collective intelligence of the group is surely less than the sum of its parts, and the more people on a committee, the less chance it has to be wise and crisp in its decision making.

Barton M. Biggs – American investment strategist (1932-2012), from “Hedgehogging” (2006), Quotations book 2019

Work and success

The only place where success comes before work is in the dictionary.

Wisdom – Quotations book 2013


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

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

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 unionist;

Then they came for me— and there was no one left to speak out.

Martin Niemöller – German theologian and resistance fighter against Nationalsocialism (1892-1984), Quotations book 2007

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)


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


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

Dream or Goal?

A dream is just a dream. A goal is a dream with a deadline.

Harvey Mackay – American entrepreneur and author of the 2005 New York Times’ N° 1 bestseller “Swim With The Sharks Without Being Eaten Alive” (b. 1932), Quotations book 2013


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)

In time

The time to repair the roof is when the sun is shining.

John F. Kennedy – American politician, 1961-63 35th president (1917-1963), from his speech at the Samuel Gompers memorial dinner in Boston (October 25, 1958)


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)


Two are better than one, because they have a good return for their labor. If either of them falls down, one can help the other up.

The Bible, Ecclesiastes 4:9-10 (NIV) – Quotations book 2016


There is enough for everybody’s need, but not for everybody’s greed. If everybody shares enough, everybody has enough.

Dr. Frank Buchman – American theologian, founder of the Moral Re-Armament (MRA) (1878-1961), Quotations book 2011

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”

Act intelligent

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), Quotations book 2018


It is much easier to be a hero than a gentleman. Heroes you can be once in a while; gentlemen, you must always be.

Luigi Pirandello – Italian writer, Nobel Prize in literature 1934 (1867-1936), from his comedy “The Pleasure of Honesty”, Act one, Scene three (1917)

È molto più facile […] essere un eroe che un galantuomo. Eroi si può essere una volta tanto; galantuomini, si dev’esser sempre.

Luigi Pirandello – scrittore italiano, Premio Nobel per la letteratura 1934 (1867-1936), dalla sua commedia “Il piacere dell’onestà”, Atto Primo, Scena Terza (1917)


We never know the worth of water ’til the well is dry.

Proverb – Quotations book 2005

Minimum turnover

The produce of a field stands related to the amount of that mineral ingredient which its soil contains in smallest quantity.

Mineral Theory by Prof. Dr. Justus Freiherr von Liebig – German chemist and agricultural scientist (1803-1873), from “Principles of Agricultural Chemistry: With Special Reference to the Late Researches Made in England” (1855)

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


Success means being very patient, but aggressive when it’s time.

Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924), at Berkshire annual meeting (2004)


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


Charlie and I will limit ourselves to allocating capital, controlling enterprise risk, choosing managers and setting their compensation.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from the Berkshire Hathaway Annual Report 2009


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

Customer satisfaction

If there’s one reason we have done better than all of our peers in the Internet space over the last six years, it is because we have focused like a laser on customer experience.

Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964)

The right man at the right time

If you accept my thesis that many aging tech companies resemble the Walking Dead, you should also accept the follow-up proposition that what these companies need are not “visionary” CEOs but pragmatic ones, less Steve the visionary, and more Larry the Liquidator, a person with limited ambitions and a readiness to preside over the dismantling of an enterprise.

Prof. Aswath Damodaran – Indian-American accountant, manager and financial educator at New York University (b. 1957), in hi blog “The Yahoo! Chronicles! Is this the End Game?” (7.12.2015)


Hope is the virtue of a heart that does not close itself in darkness or remain locked in the past, but looks towards the future.

Pope Francis – born Jorge Mario Bergoglio, since 2013 Holy Father (b. 1936), in a message on Twitter (20th September 2017)


Face reality, even when doing so is uncomfortable, and communicate candidly, even when doing so may sting.

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

The better happens

If what we want does not happen, it will still happen what is better.

Si non fiet, quod volumus, fiet tamen, quod melius est.

Martin Luther – German reformer (1483-1546), from his letter to Philipp Melanchthon from the Coburg (12.11.1529), Quotations book 2019


However beautiful the strategy, you should occasionally look at the results.

often attributed to Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953(1874-1965), could not be verified by his writings, Quotations book 2011


Be brave and take risks. Nothing can replace experience.


Key to success

Success is not the key to happiness. Happiness is the key to success.
If you love what you are doing, you will be successful.

often attributed to Albert Schweitzer – German-born French missionary and doctor, Nobel Peace Prize 1952 (1875-1965), could not be verified by the Albert Schweitzer Centre, Quotations book 2018


If you would live a happy life, tie it to a goal, not to people or things.

Albert Einstein – German physicist, Nobel Prize in physics 1921 (1879-1955)


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 – American business consultant, founder and president of Strategic Economic Decisions, Inc. (b. 1945), Quotations book 2009

Faith is

Faith is to hold on to the fact that the seemingly unanswered prayer of many years is no futile routine, but a means through which God reaches his great eternal objectives – in due course.

Dr. Pamela Reeve – American theologian, Multnomah University (1916-2013)

World at peace

A world at prayer is a world at peace.

Al Scalpone – American author and scriptwriter (1913-2000), Quotations book 2015

Wrong objective

Don’t chase performance – you will always be late.

Perry J. Kaufman – American financial theorist, investment-expert and author (b. 1943)


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

Have everything

You can’t have everything. Where would you put it?

Steven Wright – American Comedian and actor (*1955), Quotations book 2007

Free of depts

Neither a borrower or lender be,
for loan oft(en) loses both itself and friend,
and borrowing dulls the edge of husbandry.

William Shakespeare – English writer (1564-1616), in “Hamlet”, 1st act, Scene 3 “Polonius”(1603), Zitateheft 2012


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)

Interview question

Tell me something that’s true, that almost nobody agrees with you on.

Peter A. Thiel – German-born American investor and company founder: PayPal (b. 1967), in a discussion with entrepreneur and LinkedIn’s co-founder Reid Hoffman (2012), Quotations book 2019

Voir Dieu

Qui veut voir Dieu vivant, face à face, doit le chercher, non dans le firmament désert de sa pensée, mais dans l’amour des hommes.

Romain Rolland – écrivain et pacifiste français, prix Nobel de littérature 1915 (1866-1944), de “Jean-Christophe: L’Adolescent” (1904), Brochure de citation 2014


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)

Buying Stocks

Buy stocks that are difficult to buy.

Experienced investor’s rule of thumb

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 Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.


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)

Watchword 2021

Jesus Christ said: Be merciful, just as your Father is merciful.

The Bible, Lucas 6:36 (NIV) – Quotations book 2021

The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.


The voice of intelligence…is drowned out by the roar of fear. It is ignored by the voice of desire. It is contradicted by the voice of shame. It is biased by hate and extinguished by anger. Most of all it is silenced by ignorance.

Dr. Karl Augustus Menninger – American pyschiatrist, co-founder of Menninger clinic (1893-1990)

Good work

If it falls your lot to sweep streets in life, sweep streets like Michelangelo painted pictures. Sweep streets like Beethoven composed music. Sweep streets like Shakespeare wrote poetry. Sweep streets so well that all the hosts of heaven and earth will have to pause and say: “Here lived a great street sweeper, who swept his job well.”

Martin Luther King jr. – American civil rights activist and pastor, Nobel Peace Prize 1964  (1929-1968), from his speech “Facing the Challenge of A New Age” from January 1st, 1957, quotes his mentor Dr. Benjamin Mays from the Morehouse College (1894-1984), Quotations book 2012

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


There’s nothing in the Ten Commandments forbidding old ladies to climb trees, is there?

Astrid Lindgren – Swedish writer (1907-2002), happily to a film crew during the production of the television film “Tuffa gumman” (“The Tough Old Lady”, 1979), Quotations book 2020

Det står väl inte i Mose lag att gamla kärringar inte får klättra i träd!

Astrid Lindgren – svensk författare (1907-2002), glatt till filmteamet under inspelningen av tv-filmen “Tuffa gumman” (1979), citat broschyr 2020

Best Investment

The best investment with the least risk and the greatest dividend is giving.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2012


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



A coach is someone who can give correction without causing resentment.

John Wooden – American basketball player and coach (1910-2010), Quotations book 2019

see more at


Most economists use statistics like drunks use lampposts: for support rather than for light.

attributed in a similar Version to Andrew Lang (Scottish writer, anthropologist and journalist, 1844-1912) and falsely to Sir Winston L. Churchill (British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953, 1874-1964), Quotations book 2008

Change your mind

When the facts change, I change my mind. What do you do, Sir?

attributed to John Maynard Keynes – British economist and investor (1883-1946), as a reaction on the critics, he would change his mind very often, Quotations book 2012


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)


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 president (1917-1963), Quotations book 2005

What you can do today…

Do not put off to tomorrow the good you can do today, because maybe tomorrow you will not have time.

Don Giovanni Melchiore Bosco – Italian Catholic priest and pedagogue (1815-1888), from “Memorie Biografiche”, book IV, chapter XXXVII, 439 (1904)

Non mandate al domani il bene che potete fare oggi, perché forse domani non avrete più tempo.

Don Giovanni Melchiore Bosco – sacerdote cattolici e pedagogo italiano (1815-1888), de “Memorie Biografiche”, benda IV, capitolo XXXVII, 4439 (1904)

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 entrepreneur and politician of the “Conservative Party” (*1946), from his autobiography “Dirty Politics, Dirty Times” (2005)


The world will survive. It survived all of people’s stupidities as well as countless changes from Mother Nature and so it will do this time.

James B. “Jim” Rogers – American star investor, business columnist and author (b. 1942), Quotations book 2013


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

Six principles

1. Think one Store at a time.
2. Communicate, communicate, communicate.
3. Keep your ear to the ground.
4. Push responsibility – and authority – down.
5. Force ideas to bubble up.
6. Stay lean, fight bureaucracy.

Samuel M. “Sam” Walton – American entrepreneur, founder of Walmart (1918-1992), from “Sam Walton, Made in America: My story” (1992)


Turnover is vanity, profit is sanity, overhead walks on two legs.

Felix Dennis – British publisher and company founder (b. 1947), ZQuotations book 2012

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

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 to its survival. He established the US Post Office on a profitable basis. He helped draft the Declaration of Independence. Rising from meager origins, Benjamin Franklin became one of the nation’s wealthiest businessmen, owning its most successful printing and publishing firms. “Poor Richard’s Almanac”, which he published for some 25 years under the pseudonym of Richard Saunders was one of the nation’s most popular publications in its time.

Poor Richard’s Almanac is the source of these observations:

1. Genius without education is like silver in the mine.
2. He that won’t be counseled can’t be helped.
3. Learn of the skilful: He that teaches himself hath a fool for his master.
4. Fools need advice most, but wise men only are the better for it.
5. The learned Fool writes his nonsense in better language than the unlearned; but still ’tis nonsense.
6. Hear reason, or she’ll make you feel her.
7. He that hath a trade, hath an estate.
8. Great estates may venture more; little boats must keep near shore.
9. If your riches are yours, why don’t you take them with you to the other world?
10. He that can have patience, can have what he will.
11. Great talkers, little doers.
12. Half wits talk much but say little.
13. If passion drives, let reason hold the reins.
14. ‘Tis easy to see, hard to foresee.
15. He that waits upon fortune is never sure of dinner.
16. A change of fortune hurts a wise man no more than a change of the moon.
17. Diligence is the mother of good luck.
18. There are lazy minds as well as lazy bodies.
19. No gains without pains.
20. Industry, perseverance, and frugality, make fortune yield.
21. All things are easy to industry, all things difficult to sloth
22. Nothing humbler than ambition, when it is about to climb.
23. Industry pays debts, despair increases them.
24. Well done is better than well said.
25. Great good-nature without prudence is a great misfortune.
26. Keep thy shop, and thy shop will keep thee.
27. Necessity never made a good bargain.
28. Be slow in choosing a friend, slower in changing.
29. Who is rich? He that rejoices in his portion.
30. Wealth is not his that has it, but his that enjoys it.
31. He that buys by the penny, maintains not only himself, but other people.
32. Drive thy business; let not that drive thee.
33. The most exquisite folly is made of wisdom spun too fine.
34. As pride increases, fortune declines.
35. Tricks and trechery are the practice of fools, that have not wit enough to be honest
36. Who is strong? He that can conquer his bad habits.
37. Promises may get thee friends, but non-performance will turn them into enemies.
38. Content makes poor men rich; Discontent makes rich men poor.
39. You can bear your own faults, and why not a fault in your wife?
40. The same man cannot be both Friend and Flatterer.
41. Those who are fear’d, are hated.
42. A true friend is the best possession.
43. Hear no ill of a friend, nor speak any of an enemy.
44. Pay what you owe, and you’ll know what’s your own.
45. At 20 years of age, the will reigns; at 30 the wit; at 40 the judgment.
46. If you would keep your secret from an enemy, tell it not to a friend.
47. They who have nothing to be troubled at, will be troubled at nothing
48. An undutiful daughter, will prove an unmanageable wife.
49. Eat to live; live not to eat.
50. To lengthen thy life, lessen thy meals.
51. A good wife lost, is God’s gift lost.
52. There is no little enemy.

Benjamin Franklin – American politician, writer and scientist (1706-1790), from “Poor Richard’s Almanack” (1733-1758)


When you always wait until everything fits perfectly and you are really ready, you wait until the end of your life.

Jan-David Golze – German business development expert,


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


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


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)


Only when you have made peace within yourself will you be able to make peace in the world.

Simcha Bunim Bonhart of Peshischa – Polish Hassidic rabbi (1765-1827), Quotations book 2018


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


I’ve always found that the speed of the boss is the speed of the team.

Lee Iacocca – American entrepreneur, savior of Chrysler (1924-2019)


You see things; and you say “Why?”
But I dream things that never were; and I say “Why not?”

George Bernard Shaw – Irish writer, Nobel Prize in literature 1925 (1856-1950), from “Back to Methuselah” (1922), Quotations book 2021

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)


Wealth consists not in having great possessions, but in having few wants.

Epicurus- Greek philosopher (341-270 BC), Quotations book 2007

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 chasing those mechanical rabbits. His niece had taken the dog in to prevent it from being destroyed because its racing days were over.
Dr. Craddock strikes up a conversation with the dog: “I said to the dog, ‘are you still racing?’ ‘No,’ he replied. ‘Well, what was the matter? Did you get too old to race?’ ‘No, I still had some race in me.’ ‘Well, what then? Did you not win?’ ‘I won over a million dollars for my owner.’
‘Well, what was it? Bad treatment?’ ‘Oh, no,’ the dog said, ‘They treated us royally when we were racing.’ ‘Did you get crippled?’ ‘No.'”
“Then why?” Craddock pressed, “Why?” The dog answered, “I quit.” “You quit?” “Yes,” he said, “I quit.”
“Why did you quit?” “I just quit. Because after all that running and running and running, I found out that the rabbit I was chasing wasn’t even real.”
On this day of celebration, achievement, and the commencement of a new phase in your lives, it takes considerable temerity for me to challenge you to consider what kind of rabbit you’ll choose to chase during your careers. I do so only because – this may surprise you – I challenge myself as to whether the rabbit I’ve been chasing all these long years is real.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)


We enjoy the process far more than the proceeds.

Warren Buffett – American value investor, chairman of Berkshire Heathaway (b. 1930)


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)


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)

You always meet twice

Be kind to everyone on the way up; you’ll meet the same people on the way down.

Wilson Mizner – American playwright, raconteur, and entrepreneur (1876-1933), from “San Francisco Chronicle” (5.7.1932)

Day of rejoicing

This is the day the Lord has made; let us rejoice and be glad in it.

The Bible, Psalm 118,24 (NIV)


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

realization – Quotations book 2010


The problem of leadership is that it requires inner development; you can’t just be a leader because you read a lot of books.

Fred Kofman – Argentine adviser, coach and writer (b. 1960), from an interview with the Knowledge@Wharton show on “Wharton Business Radio”, SiriusXM channel 111 (18th July 2018), Quotations book 2020

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

Income tax

The income tax has made more liars out of more Americans than golf has.

William Penn Adair “Will” Rogers – American humorist (1879-1935)

In steps

He who endeavours to ascend to the highest place, rises by degrees or steps, and not by leaps.

Qui summum locum ascendere nititur, gradibus vel passibus non autem saltibus elevatur.

Pope Gregory I – aka Gregory the Great, Roman theologian, , 590-604 Holy Father, one of the four Latin doctors of the Church(etwa 540-604), from his letter to Mellitus (Epistel XI, 56, 18.7.601), Quotations book 2019

Great love

Not all of us can do great things. But we can do small things with great love.

slogan of nursing – Quotations book 2020

Unpredictable stock market

If you believe you or anyone else has a system that can predict the future of the stock market, the joke is on you.

Ralph Wanger – American fund manager (b. 1934), from “A Zebra in Lion Country” (1999)

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 to start with a systematic search strategy and not with coincidence.

Bruce C. Greenwald – American professor for finance and asset managemant (*1946), Quotations book 2007


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; they are vexations to the spirit. If you compare yourself with others, you may become vain or bitter, for always there will be greater and lesser persons than yourself.

Enjoy your achievements as well as your plans. Keep interested in your own career, however humble, it’s a real possession in the changing fortunes of time.

Exercise caution in your business affairs, for the world is full of trickery. But let this not blind you to what virtue there is; many persons strive for high ideals, and everywhere life is full of heroism. Be yourself. Especially do not feign affection. Neither be cynical about love; for in the face of all aridity and disenchantement, it is as perrenial as the grass.

Take kindly the counsel of the years, gracefully surrendering the things of youth. Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with dark imaginings. Many fears are born of fatigue and loneliness. Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe no less than the trees and the stars; you have a right to be here. And wh

ether or not it is clear to you, no doubt the universe is unfolding as it should.Therefore be at peace with God, whatever you conceive him to be. And whatever your labors and aspirations, in the noisy confusion of life, keep peace in your soul. With all its sham, drudgery and broken dreams, it is still a beautiful world. Be cheerful. Strive to be happy.

Max Ehrmann – American lawyer and author (1872-1945), written in 1927


Genius I cannot claim nor even extra brightness, but perseverance all can have.

Woodrow Wilson – American politician, 1913-21 28th president, Nobel Peace prize 1919 (1856-1924), from his shorthand diary of 1876


Christ with me, as I do business for Him and people.
Christ before me, as I plan my business.
Christ behind me, as I review my business.
Christ in me; my guiding light in business.
Christ beneath me; He is the foundation.
Christ above me, He is the owner of my business.
Christ on my right, Christ on my left, He is the Lord of the marketplace.
Christ when I lie down, and rest from my work.
Christ when I sit down, in my office chair.
Christ when I arise, enthusiastic or weary.
Christ in the heart of every man who thinks of me, and my business.
Christ in the mouth of everyone who speaks of me, and my business.
Christ in every eye that sees me, my staff, customers, suppliers, and competitors.
Christ in every ear that hears me speak about my products and services.

Mats Tunehag – Swedish speaker, writer and consultant, developer of “Business as Mission” (b. 1959)


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

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)

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)

Celui qui contracte des dettes se place sous une domination étrangère

Beware of bankers. Freedom is priceless.

French bon mot

Méfiez-vous des banquiers. La liberté n’a pas de prix.

bon mot français

Liberty or tyranny

When the people fear the government you have tyranny.
When the government fears the people you have liberty.

John Basil Barnhill – American writer (1864-1929), Quotations book 2012


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


Well done is better than well said.

Benjamin Franklin – American politician, writer and scientist (1706-1790), from “Poor Richard’s Almanack” (May 1737), Quotations book 2003 + 2014


To cure sometimes, to relieve often and to comfort always.

Dr. Edward Livingston Trudeau – Canadian physician, lung specialist (1848-1915), Quotations book 2013

Being wrong

Being wrong is acceptable, but staying wrong is totally unacceptable.



Where the Spirit of the Lord is, there is freedom.

The Bible, 2 Corinthians 3:17 (NIV) – Quotations book 2004

Ability and attitude

For success, attitude is as important as ability.

Sir Walter Scott – Scottish historical novelist, playwright, poet and historian (1771-1832), Quotations book 2019


Ideas are easy. Implementation is hard.

Guy Kawasaki – American company founder, venture capitalist, author and marketing evangelist (b. 1954), in “The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything” (2004)

Common things

he true wisdom of life consists in seeing the extraordinary in the common.

Pearl S. Buck – American writer, Nobel Prize in literature 1938 (1892-1973), Quotations book 2013


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

God’s thoughts

To understand God’s thoughts we must study statistics, for these are the measure of His purpose.

Florence Nightingale- English nurse, founder of modern nursing (1820-1910), quoted by Karl Pearson in “The Life, Letters and Labours of Francis Galton”, Volume II (1924), Quotations book 2021


We don’t laugh because we’re happy – we’re happy because we laugh.

solgan of the laughter yoga movement, attributed to William James – American philosopher and psychologist (1842-1910)


Choose a Profession, you love, and you will never have to work a day in your life.

Asian proverb – Quotations book 2008

New paths

It is better to stumble on new paths than to make no headway on the old tracks.

Jochen Mariss – German author, photographer and designer (b. 1955)


Ability is nothing without opportunity.

attributed to Napoleon Bonaparte – French general and 1804-14 emperor (1769-1821)


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

Positive attitude

Once you embrace unpleasant news, not as a negative but as evidence of a need for change, you aren’t defeated by it. You’re learning from it.

William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955), Quotations book 2014

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 (1913-1993), Quotations book 2006


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


Success is a journey, not a destination. The doing is often more important than the outcome.

proverb, often attributed to Arthur Robert Ashe Jr. – American tennis player (1943-1993)

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

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 (b. 1930)


You know your life is boring when you only wear work clothes and pyjamas.

Jan-David Golze – German business development expert,

Do it!

If something is important enough, even if the odds are stacked against you, you should still do it.

Elon Musk – South African-born American engineer, designer and founding entrepreneur: Tesla (b. 1971)

What it takes to be Number One

Winning is not a sometime thing; it’s an all the time thing. You don’t win once in a while; you don’t do things right once in a while; you do them right all of the time. Winning is a habit. Unfortunately, so is losing.

There is no room for second place. There is only one place in my game, and that’s first place. I have finished second twice in my time at Green Bay, and I don’t ever want to finish second again. There is a second place bowl game, but it is a game for losers played by losers. It is and always has been an American zeal to be first in anything we do, and to win, and to win, and to win.

Every time a football player goes to ply his trade he’s got to play from the ground up – from the soles of his feet right up to his head. Every inch of him has to play. Some guys play with their heads. That’s O.K. You’ve got to be smart to be number one in any business. But more importantly, you’ve got to play with your heart, with every fiber of your body. If you’re lucky enough to find a guy with a lot of head and a lot of heart, he’s never going to come off the field second.

Running a football team is no different than running any other kind of organization – an army, a political party or a business. The principles are the same. The object is to win – to beat the other guy. Maybe that sounds hard or cruel. I don’t think it is.

It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That’s why they are there – to compete. The object is to win fairly, squarely, by the rules – but to win.

And in truth, I’ve never known a man worth his salt who in the long run, deep down in his heart, didn’t appreciate the grind, the discipline. There is something in good men that really yearns for discipline and the harsh reality of head to head combat.

I don’t say these things because I believe in the ‘brute’ nature of men or that men must be brutalized to be combative. I believe in God, and I believe in human decency. But I firmly believe that any man’s finest hour – his greatest fulfillment to all he holds dear – is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle – VICTORIOUS.

Vince Lombardi – legendary American football coach (1913-1970), Quotations book 2018

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


The highest reward for a person’s toil is not what they get for it, but what they become by it.

attributed to John Ruskin – English writer, painter and social philosopher (1819-1900)

Emotional return

I want to see good financial returns, but also to me there’s the extra psychic return of having my creativity and technological vision bear fruit and change the world in a positive way.

Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964)


One never knows, when he enters an elevator or tears open an envelope or picks up the telephone, what new trick of fortune may be about to be played. Every day is a new series of adventures; around the next corner may lie the event that will change a whole career.

Bruce Barton – American author and Advertising expert (1886-1967)


Risk is the chance of an unwanted outcome.

Leslie Rahl – American financial advisor and author (b. 1950)


The big money is not in the buying and selling, but in the waiting.

Charlie Munger – Vice Chairman of Berkshire Hathaway (b. 1924)

World’s value

The ordinary gives the world its existence, the extraordinary its value.

attributed to Oscar Wilde – Irish writer (1854-1900), Quotations book 2016


I learned that courage was not the absence of fear, but the triumph over it. I felt fear myself more times than I can remember, but I hid it behind a mask of boldness. The brave man is not he who does not feel afraid, but he who conquers that fear.

Nelson Mandela – South African anti-apartheid activist and politician, 1994-99 president, Nobel Peace Prize (1918-2013), from his autobiography “Long Walk to Freedom” (1994), Quotations book 2021


It’s a good idea to review past mistakes before committing new ones.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from “Warren Buffett on Business: Principles from the Sage of Omaha” (2009), Quotations book 2020

Circle of competence

Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management, and limited exposure to hard times.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2011


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)

Return on equity

The primary test of managerial economic performance is the achievement of high earnings rate on equity capital employed.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2011


The difference between a successful person and a failure often lies in the fact that the successful man will profit by his mistakes and try again in a different way.

Dale Carnegie – born Dale Carnagey, American author and personality coach (1888-1955), Quotations book 2020


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


For every 60 seconds of anger, you lose one minute of happiness.

Proverb – Quotations book 2006


Success arises from the fact that you are focusing on what you really like and you are good at.

attributed to William H. “Bill” Gates – American Software entrepreneur, Microsoft (b. 1955), Quotations book 2014

Christus bruger Efterfølgere, ikke Beundrere

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

It is well known that Christ consistently used the expression follower. He never asks for admirers, worshippers, or adherents. No, he calls disciples. It is not adherents of a teaching but followers of a life Christ is looking for.

Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark, from his essay “Practice in Christianity” (“Indøvelse i Christendom”, 1850), Quotations book 2020

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


What you cannot plan out, you have to try out.

Tom Peters – American author and consultant (b. 1942), Quotations boook 2015

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

To live means to fight

Vivere militare est..

Lucius Annaeus Seneca – Roman philosopher (4 BC-65 AC)


This is not the year you get everything you want.
This is the year you appreciate everything you have.


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)

Learn, earn, return

You learn, you earn and you return.

American proverb, slogan for Prof. Dr. h.c. Roland Berger, business consultant – German entrepreneur, benefactor and foundation curator (b. 1937), Quotations book 2014

Prayer for our house

God, our Heavenly Father, make, we pray, the door of this house, wide enough to welcome all who need human love and fellowship and a Father’s care, but narrow enough to shut out all envy, pride and lack of love.
Here may the tempted find help, the sorrowing receive comfort, and the penitent be assured of your mercy; and here may all your children renew their strength and go on their way in hope and joy, through Jesus Christ, our Lord.

Thomas Ken – English Anglican clergyman, 1685-91 Bishop of Bath & Wells (1637-1711), Quotations book 2014


The Three Wise Men found Bethlehem without GPS.
The Sheperds learned about the Good News without WhatsApp.
The Evangelists put it all down to writing.
It is so simple to share the Word.

Werner Tiki Küstenmacher – German pastor, author and caricaturist (b. 1953), Quotations book 2018

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)


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

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)

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 I would bear the days of misfortune equably, smilingly, proudly, like one accustomed to win.

Am I then really all that which other men tell of, or am I only what I know of myself, restless and longing and sick, like a bird in a cage, struggling for breath, as though hands were compressing my throat, yearning for colors, for flowers, for the voices of birds, thirsting for words of kindness, for neighborliness, trembling with anger at despotisms and petty humiliation, tossing in expectation of great events, powerlessly trembling for friends at an infinite distance, weary and empty at praying, at thinking, at making, faint and ready to say farewell to it all.

Who am I? This or the other? Am I one person today, and tomorrow another? Am I both at once? A hypocrite before others, and before myself a contemptibly woebegone weakling? Or is something within me still like a beaten army, fleeing in disorder from victory already achieved?

Who am I? They mock me, these lonely questions of mine. Whoever I am, Thou knowest, O God, I am thine.

Dietrich Bonhoeffer – German Lutheran theologian (Confessing Church) and resistance fighter (1906-1945), from “Widerstand und Ergebung”

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 form a continual changing of financial relations?

Arthur D. Clarke – American investment advisor (b. 1942), Quotations book 2005

Art of business

Being good in business is the most fascinating kind of art.

Andy Warhol – American artist (1928-1987)


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


Ideas attract even more ideas!

Dr. René Siegl – Austrian manager (b. 1959), Quotations book 2017

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)

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


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


Only three things happen naturally in organizations: friction, confusion and underperformance. Everything else requires leadership.

attributed to Peter F. Drucker – Austrian-born American management expert (1909-2005), could not be verified absolutely certain by the Drucker Institute’s Archive


Common sense tells you that you will find more and sometimes better investment opportunities if you search everywhere in the world.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2010

Role models

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2020


Treat conflicts always as a clash of ideas, not of people.

Prof. Robert Kegan – American developmental psychologist and author (b. 1946), Quotations book 2016


The soul obtains from Him as much as it hopes for from Him.

John of the Cross – aka Juan de la Cruz, born Juan de Yepes y Álvarez, Spanish Carmelite friar and Doctor of Church (1542-1591), from “The Dark Night”, Book 2, chapter 21.8 (“La noche oscura”, posthumously 1618)

L’âme obtient autant de Lui qu’autant elle espère.

Jean de la Croix – alias Juan de la Cruz, né Juan de Yepes y Álvarez, frère carmélite espagnol et docteur de l’Église (1542-1591), d’après son commentaire “La Nuit obscure”, livre 2, chapitre 21.8 (“La Noche Oscura”, posthume 1618)

Alma [..] tanto alcanza de él cuanto ella de él espera.

Juan de la Cruz – nacido Juan de Yepes y Álvarez, fraile carmelita español y doctor de la Iglesia (1542-1591), de su comentario “La noche oscura”, libro 2, capítulo 21.8 (póstumo 1618)

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


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)


It is better to point out your own mistakes than have somebody else do it.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), in an interview with “The Telegraph” (“My elephant gun is loaded”, 22.9.2002), Quotations book 2020


The only way to have a friend is to be one.

Ralph Waldo Emerson – American writer (1803-1882), from his essay “Friendship” (1841), Quotations book 2021

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 hacen.

Teresa de Ávila – mística y doctor de la Iglesia española (1515-1582), a patir de “Moradas del Castillo Interior” (1588), Libro de citas 2017

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


Risk comes from not knowing what you’re doing.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2002

Vere vivere

How long I might live is beyond my control; how long I will live, in the sense of truly living, is mine.

Quamdiu sim alienum est: quamdiu ero, (vere) ut sim, meum est.

Lucius Annaeus Seneca – Roman philosopher (4 B.C.-65 A.C.), from “Epistulae morales ad Lucilium”, Liber XV, letter 93 (written 64), Quotations book 2021


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 – philosophe politique et homme politique, historien français (1805-1859), Brochure de citation 2015

Go to the place of events

I say young managers: Go out to your employees, go out to your customers. Make sure that a creative, vibrant atmosphere is created so that things get going. Every day you spend in your office, is a lost day.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century, Quotations book 2014

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

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. Forest E. Witcraft – American Scholar and boy scout(1894-1967), from “Within My Power” (1950), Quotations book 2003


He that has satisfied his thirst turns his back on the well.

Baltasar Gracián y Morales – Spanish philosopher and author (1601-1658)

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 stocks analysis (1894-1976)


The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.

Vince Lombardi – legendary American football coach (1913-1970), Quotations book 2014


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


Life is short. Spend time with people who give chocolate.

Josh Harcus – American internet entrepreneur (b. 1989), Quotations book 2014

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


Go forth and set the world on fire.

Ite, inflammate omnia.

Ignatius of Loyola – founder of the Jesuit order (1491-1556), who often ended his letters to Jesuits going to the missions with this Expression, Quotations book 2019


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


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 entertainer.

But our greatest need was forgiveness, so God sent us a Savior.

seen Pentecost 1994 in New Orleans – Quotations book 2002 + 2006

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


If a cluttered desk is a sign of a cluttered mind, of what then is an empty desk?

rhetorical question


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)


Someone once told me that time was a predator that stalked us all our lives. But I rather believe that time is a companion who goes with us on the journey and reminds us to cherish every moment because they’ll never come again. What we leave behind is not as important as how we’ve lived. After all – we’re only mortal.

Captain Jean-Luc Picard – captain of the USS-Enterprise, character in the “Star Trek” films and serial, from “Star Trek Generations” (1994)

Watchword 2019

Seek peace and pursue it.

The Bible, Psalms 34:15 (NIV) – Quotations book 2019

The Protestant pastor and song writer Otto Riethmüller (1889-1939) – he belonged to the Confessing Church – decided in 1930 under the impression of the Nacional Socialism’s propaganda, to give henceforth every calendar year a headline with a Bible verse. An act of civil courage! He has established a tradition that still exists today. Meanwhile, the annual solution is set by the Ecumenical Association for Bible Reading (Ökumenische Arbeitsgemeinschaft für Bibellesen) three years in advance.


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

Happy life

Happy wife – Happy life

American men’s wisdom


If you’re smart, you don’t need debt. If you’re dumb, it’s poisonous.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), to Salomon Inc’s clients (September 13, 1991)

Profit and cash

Net profit is an opinion.

Cash is a fact.

Whitney R. Tilson – American hedge fonds manager (b. 1966), Quotations book 2010

Seeing the world

You don’t see the world as it is, you see the world as you are.

Wisdom – Quotations book 2017

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 – “History of Medicine”, spread on the Internet between 1997 and 1998, source: 106 utne reader,, Quotations book 2009

Measure of success

The measure of success is not whether you have a tough problem to deal with, but whether it’s the same problem you had last year.

attributed to John Foster Dulles – American politician, 1953-59 Secretary of State (1888-1959)

Intelligent investors

Intelligent Investors try to separate their emotions of hope, fear, and greed from their trust in reason, and then expect that wisdom will prevail over the long term. Hope, fear, and greed go along with the volatile market of short-term expectations, while trust in reason goes with the real market of long-term intrinsic value. In this sense, long-term investors must be philosophers rather than technicians.

John C. Bogle – American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019), Quotations book 2020

Doing the right

Do what is right not what is easy.

Slogan by Mylan Inc. – Quotations book 2014

Learn from history

History doesn’t repeat itself but it often rhymes.

proverb, falsely attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910)


When an election is passed, it is altogether befitting a free people, that until the next election, they should be as one people.

Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), abolished slavery in 1863, to New York Governor E. D. Morgan and his delegation in Albany, New York, 18th February 1861


Success is more about your imagination than anything else.

Paul Orfalea – American company founder (“Kinko’s”), author, speaker and philanthropist (b. 1947)

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

Solve problems

Whatever the problem, be part of the solution.

Tina Fey -American comedienne and actress (b. 1970), from her book “Bossypants” (2011)


If I wanted you to understand it, I would have explained it better.

Johan Cruyff – Dutch football player and coach (1947-2016)


Any damn fool can put on a deal, but it takes genius, faith and perseverance to create a brand.

David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), from “The Unpublished David Ogilvy” (1988), Quotations book 2018


The pursuit of commerce reconciles nations, calms wars, strengthens peace, and commutes the private good of individuals into the common benefit of all. (…)
Commerce penetrates the secret places of the world, approaches shores unseen, explores fearful wildernesses, and in tongues unknown…carries on the trade of mankind.

Hugh of St. Victor – Christian medieval theologian  (1096-1141), from “Didascalicon” (c. 1128), Quotations book 2013


If you want to go fast, go alone. If you want to go far, go together.

Kenyan proverb – Quotations book 2005


What is thought is not said.
What is said is not heard.
What is heard is not understood.
What is understood is not believed.
What is believed is not yet advocated.
What is advocated is not yet acted on.
What is acted on is not yet completed.

scheme from communication research, falsely attributed to Konrad Lorenz – Austian zoologist and ethologist, Nobel Prize in Medicine 1973 (1903-1989)


Grace is loving people for who they are, where they are. It’s loving people before they change, not just after they change.

Mark Batterson – American pastor and author (b. 1969), from “All In: You Are One Decision Away From a Totally Different Life” (2013), Quotations book 2020

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

Do good

No-one would remember the good Samaritan if he’d only had good intentions. He had money as well.

Dame Margaret Thatcher – British politician, 1979-90 Prime Minister (1925-2013), from a tv interview with Brian Walden for “London Weekend Television” (“Weekend World”, January 6th, 1980)

Expensive words

The five most expensive words in investing are, this time it is different.

Sir John Marks Templeton – value investor and philanthropist (1912-2008)

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

Failure and unhappiness

The chief cause of failure and unhappiness is trading what you want most for what you want right now.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012)


Kindness is a language which the deaf can hear and the blind can read.

wisdom, often attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), could not be verified by the Mark-Twain-collection at the University of Berkeley, first published without an author’s name in “The Ladie‘s Repository” (June 1861), Quotations book 2019

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 was all just a huge waste of time, energy and money.

Robert “Bob” Warren Miller – American businessman, co-founder of the DFS Duty Free Shops (b. 1933), about his try to prevent the sell of his partner’s Shares at LVMH, Quotations book 2009


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

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)


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)


Quantum potes, tantum audes.

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

Unity, liberty, charity

In essentials unity, in non-essentials liberty, in all things charity.

Unitatem in necessariis, in non necessariis libertatem, in omnibus caritatem.

Marco Antonio de Dominis – born Marko Gospodnetić, Dalmatian Catholic theologian, philosopher and scientist, 1602-1616 Archbishop of Split, (1560-1624), from “De Republica Ecclesiastica”, part 1, book 4, chapter 8 (1617), Quotations book 2019


For those who are faithful to you, Lord, life is not lost but changed.

from the Catholic requiem


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


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

Best executive

The best executive is one who has sense enough to pick good people to do what he wants done, and self-restraint enough to keep from meddling with them while they do it.

Thaddeaus Hammond – American banker and former farmer, president of the Farmers’ National Bank and the Rotary Club Overton, from J. R. Sprague’s “Big Business-itis”, in “The Rotarian” N° 27 (3. September 1925)


Leadership is discovering the company’s destiny and having the courage to follow it … companies that endure have a noble purpose.

Joseph “Joe” Jaworski – American lawyer and business advisor, American Leadership Forum (b. 1934), Quotations book 2018


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


Between stimulus and response lies a space. In that space lie our freedom and power to choose a response. In our response lies our growth and our happiness.

attributed to Viktor E. Frankl – Austrian neurologist and psychiatrist (1905-1997)

Be good

Be undeniably good. No marketing effort or social media buzzword can be a substitute for that.

Anthony Volodkin – American entrepreneur (b. 1985), Quotations book 2021


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.”
God says: “You can do all things.”

You say: “It’s not worth it.”
God says: “It will be worth it.”

You say: “I feel all alone.”
God says: “I will never leave you or forsake you.”

You say: “It’s impossible.”
God says: “All things are possible.”

Motivational saying – Quotations book 2015


Risk = exposure to change

Alexander Ineichen – Swiss banker (*1967), from “Asymmetric Returns”

Learn from mistakes

Our failures are often more successful than our successes.

attributed to Henry Ford – American engineer and industrialist (1863-1947)


The higher the pay in enjoyment the worker gets out of it, the higher shall be his pay in cash, also.

Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), from “A Connecticut Yankee in King Arthur`s Court” (1889), Chapter XXVIII, Quotations book 2013

Test, test, test

If you double the number of experiments you do per year you’re going to double your inventiveness.

Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964)


Anyone who stops learning is old, whether at twenty or eighty.

Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2006


I have been driven many times upon my knees by the overwhelming conviction that I had nowhere else to go. My own wisdom, and that of all about me, seemed insufficient for the day.

attributed to Abraham Lincoln – American politician, 1861-65 16th president (1809-1865), Quotations book 2011


After victory you have more enemies.

attributed to Marcus Tullius Cicero – Roman politician (106-43 B.C.), seen at the Ashmolean Museum in Oxford, Quotations book 2012

Stock Picking

– First-class management with a proven record of keeping its word.
– Does innovative research and uses technology to maximum advantage.
– Operates abroad as well as at home. (Growth via overseas expansion)
– Sells products and services that don’t become obsolete.
– Insiders own a large chunk of shares and have a personal stake in the company’s success.
– Company deliver strong returns on innovator’s capital, and managers are committed to rewarding investors.
– Expenses are kept to a minimum, which makes the company a low-cost producer.
– Company enjoys a dominant or growing share in a growing market.
– Company is adept at acquiring competitors and making them profitable.
– Company has a strong balance sheet.

Shelby M. C. Davis – American investor and philanthropist, founder Davis Selected Advisers (born 1937), in a memo from May 22nd, 1997, quoted from “The Davis Dynasty: Fifty Years of Successful Investing on Wall Street” (2001)

Tough times

Tough times never last … but tough people do!

Dr. Robert H. Schuller – American evangelist and reformed priest (1926-2015), Quotations book 2007


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)


Work is love made visible.

Khalil Gibran – Lebanese Maronite poet, philosopher and artist, aka Kahlil Gibran (1883-1931), from “The Prophet (1923), Quotations book 2018


Action without vision is only passing time, vision without action is merely day dreaming, but vision with action can change the world.



He uses statistics as a drunken man uses lamp posts – for support rather than illumination.

Andrew Lang – Scottish writer (1844-1912)


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 experience the constant presence of the Lord,
your God, who looks after you.

The Lord bless you with joy
that your heart sings the praises of God
and give Him thanks in everything
no matter the circumstances.

The Lord bless you today with something precious,
that you might recognize it as His gift,
a tangible sign of this this blessing.

May the Lord lift up His countenance upon you
and give you His deep and lasting peace.

Blessingprayer – Quotations book 2016

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)

Win or learn

I never lose. I either win or learn.



Fix it, sell it or close it.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century, Quotations book 2021


Obedience to princes is a general compact of human society – how much more, then, ought we unhesitatingly to obey God, the Governor of all his creatures!

Generale quippe pactum est societatis humanae oboedire regibus suis – quanto magis deo regnatori universae creaturae suae ad ea quae iusserit sine dubitatione serviendum est!

Augustine of Hippo – known as Aurelius Augustinus, early Christian theologian and philosopher, one of the four Latin Doctors of Church (354-430), from “Confessions” (“Confessiones”, c. 397/400)

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


Opportunities do not float like clouds in the sky. They are attached to people. If you’re looking for an opportunity, you’re really looking for a person.

Reid G. Hoffman – American entrepreneur, co-founder LinkedIn (b. 1967), Quotations book 2019


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

Recipe for success

It’s not about money or connections. It’s the willingness to outwork and outlearn everyone.

Mark Cuban – American multiple company founder, owner of Dallas Mavericks (b. 1958)


Ability will enable a man to get to the top, but it takes character to keep him there.

Wisdom – Quotations book 2015


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)


Platforms change – psychology doesn’t.

Michael Fishman – American marketing expert and business consultant (b. 1960), Quotations book 2018


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

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

The essential

The virtue of the candle lies not in the wax, but in its light.

Proverb – Quotations book 2008


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


Everyone sees a piece of the world, together we see the whole.


Stay together

The family that prays together stays together.

Al Scalpone – American author and scriptwriter (1913-2000), Quotations book 2013

The Lord is on you

May the Lord go before you to lead you,
May the Lord go behind you to protect you,
May the Lord go beneath you to support you,
May the Lord go above you to bless you,
May the Lord be within you to help you rightly serve him in body, soul and spirit
and sanctify his name.

May the triune God bless you,
Father, Son and Holy Spirit.




Great works are performed, not by strength, but by perseverance.

Samuel Johnson – English writer (1709-1784), from “The history of Rasselas, Prince of Abessinia” (1759), Quotations book 2012


To get noticed, we can’t say what’s expected.

advertising wisdom


Life’s blows cannot break a person whose spirit is warmed at the fire of enthusiasm.

Norman Vincent Peale – American clergyman and author (1898-1993), in “Positive thinking for a time like this” (1975), Quotations book 2012

Make it possible

Everything is theoretically impossible, until it is done.

Robert A. Heinlein – American engineer and science-fiction author (1907-1988), from “Between Planets”, chapter 2, “Mene, Mene, Tekel, Upharsin” (1951)

Be yourself

Det Store er ikke at være Dette eller Hiint, men at være sig selv.

The greatness is not to be this or that but to be oneself.

Søren Aabye Kierkegaard – Danish Protestant theologian an philosopher (1813-1855), known as one of the most important academics in Denmark; from “Either – Or. A Life Fragment” (1843), Quotations book 2016

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


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


A goal is a dream with a deadline.

Napoleon Hill – American writer: “Think And Grow Rich” (1883-1970), Quotations book 2020


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)

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)


The only things we can keep are the things we freely give to God. What we try to keep for ourselves is just what we are sure to lose.

C. S. Lewis – British writer (1898-1963), from “Mere Christianity” (1952)

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)

Think like an owner

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)


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)

Wisdom, morality, determination

Wisdom frees from doubts,
morality frees from suffering,
determination frees from fear.


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

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 Paul II – born Karol Wojtyła, Holy Father 1978-2005 (1920-2005), from “Centesimus Annus” (1991), Quotations book 2006

Lift your voice

Fools multiply when wise men are silent.

Saying – Quotations book 2021

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)

Looking forward

100 % of the information we have about a company reflects the past, while 100 % of its value depends on the future.

Bill Miller – American portfolio manager (b. 1950), Quotations book 2016

Knowledge is power

For Knowledge itself is power.

Nam et ipsa scientia potestas est.

Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from “De Haeresibus” (“Of Heresies”) in “Meditationes sacrae” (1597)

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)


A greedy man brings trouble to his family, but he who hates bribes will live.

The Bible, Proverbs 15:27 (NIV) – Quotations book


A winner is a dreamer who never gives up.



The plans of the diligent lead to profit as surely as haste leads to poverty.

The Bible, Proverbs 21:5 (NIV) – Quotations book 2008

Ten maxims

1. Commit to your business. Believe in it more than anyone else.
2. Share your profits with all your associates, and treat them as partners.
3. Motivate your partners. Money and ownership alone aren’t enough. […] Set high goals, encourage competition, and then keep store.
4. Communicate everything you possibly can to your partners. […] Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitors.
5. Appreciate everything your associates do for the business. […] We like to hear it often. […] Nothing else can quite substitute for a few well-chosen, well timed, sincere words of praise. They’re absolutely free – and worth a fortune.
6. Celebrate your successes. Find some humor in your failures. Don`t take yourself so seriously.
7. Listen to everyone in your company. And figure out ways to get them talking.
8. Exceed your customer’s expectations. […] Give them what they want – and a little more. […] Make good on all your mistakes, and don’t make excuses – apologize. […] The two most important words I ever wrote were on that first Wal-Mart sign: SATISFACTION GUARANTEED.
9. Control your expenses better than your competition. This is where you can always find the competitive advantage.
10. Swim upstream. Go the other way. Ignore conventional wisdom. If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly the opposite direction.

Samuel M. “Sam” Walton – American entrepreneur, founder of Walmart (1918-1992), from “Sam Walton, Made in America: My story” (1992)


It is incredible how rich you can get by not being perfect.

Larry Hite – America investor (b. 1941)

Bon livre

A good book is a good friend.

Jacques-Henri Bernardin de Saint-Pierre – French writer (1737-1814), from “Paul and Virginie” (1788), Quotations book 2018

Un bon livre est un bon ami.

Jacques-Henri Bernardin de Saint-Pierre – écrivain français (1737-1814), de “Paul et Virginie” (1788), Brochure de citation 2018


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 (


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

Pressure of time

If it weren’t for the last minute, nothing would get done.

Proverb – Quotations book 2012


Some people just watch a horse galloping by. Others see an opportunity to jump on.

Jan-David Golze – German business development expert,


Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.

Zig Ziglar – American author, motivational speaker and entrepreneur (1926-2012), Quotations book 2014

Success makes jealous

The number of those who envy us confirms our capabilities.

paraphrase of Oscar Wilde – Irsih writer (1854-1900)


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 Aquinas – Italian philosopher and theologian (1224/25-1274), from his comment on Aristotle’s Metaphysics “Sententia libri Metaphysicae” (lib. 1 l. 3 n. 13)

Five basic operations of a manager

A manager sets objectives.
A manager organises.
A manager motivates and communicates.
A manager establishes measuring yardsticks.
A manager develops people.

Peter F. Drucker – Austrian-born American management expert (1909-2005), from “The Practice of Management” (1954), Quotations book 2020

Stop before it is loo late

If you find yourself in a hole, stop digging!

adage, often attributed to William Penn Adair “Will” Rogers – American humorist (1879-1935), could not be verified by the Will Rogers Memorial Museum & Birthplace Ranch


To improve is to change, so to be perfect is to have changed often.

Sir Winston L. Churchill – British politician, 1940-45 and 1951-55 Prime Minister, Nobel Prize in literature 1953 (1874-1965), during a debate with Philip Snowden, 1st Viscount Snowden(June 23, 1925), in “His complete speeches, 1897–1963”, vol. 4 (1922–1928), p. 3706, Quotations book 2013


Hire character. Train skill.

Peter W. Schutz – German-born American industrial manager (1930-2017), Quotations book 2021

Pride and haughty spirit

Pride goes before destruction, a haughty spirit before a fall.

The Bible, Proverbs 16,18 (NIV)

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)

Live your dream

Don’t dream your life, live your dream.

Lifeslogan – Quotations book 2011


Generosity is taking care of the others.

Jean-Pascal Bobst – Swiss mechanical engineer and manager (b. 1965), Quotations book 2019


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 his firmbranches (1931-2015), Quotations book 2004


One can sell anything, if it is in fashion. The problem is making it fashionable in the first place.

Ernest Dichter – American social scientist, pioneer of market psychology (1907-1991), Quotations book 2012


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: Destiny Bay Vineyards (b. 1950), in “Five Frogs on a Log: A CEO’s Field Guide to Accelerating the Transition in Mergers, Acquisitions and Gut Wrenching Change” (2010)

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 more. Smile often.
Laugh out loud.
Pick a hobby. Flip a coin.
Sleep like a baby.
Love deeply. Make new friends.
Travel often.
Enjoy the little things.
Seize the day. Live every moment.
Live joyfully.

slogan of the lifestyle company LetterNote, New Delhi, India, Quotations book 2017


Children’s games should be seen as their most serious-minded activity.

Michel de Montaigne – French writer and