Basic requirement
Even a blind pig can sometimes find truffles, but it helps to know that they grow in oak forests. David Ogilvy – legendary British advertising executive and entrepreneur (1911-1999), from "Confessions of an Advertising Man" (1963)
Knowledge
Life-long Learning
The game of life is the game of everlasting learning. Charlie Munger - Vice Chairman Berkshire Hathaway (1924-2023)
Spread knowledge
The best thing a human being can do is to help another human being know more. Charlie Munger - Vice Chairman Berkshire Hathaway (1924-2023)
Important, but not measurable
You’ve got a complex system and it spews out a lot of wonderful numbers that enable you to measure some factors. But there are other factors that are terribly important, [yet] there’s no precise numbering you can put to these factors. You know they’re important, but you don’t have the numbers. Well practically everybody (1) overweighs the stuff that can be numbered, because it yields to the...
Artificial Intelligence
I'm all for Artificial Intelligence, as there is such a shortage of the real thing. Charlie Munger - Vice Chairman of Berkshire Hathaway (1924-2023)
Foresight
I've learned an important trick: to develop foresight, you need to practice hindsight. Jane McGonigal – American author, game designer, and researcher (b. 1977), from "Reality is Broken - Why Games Make Us Better and How They Can Change the World" (2011)
Think for yourself!
The most contrarian thing of all is not to oppose the crowd but to think for yourself. Peter A. Thiel - German-born American investor and company founder: PayPal (b. 1967), from "Zero to One: Notes on Start Ups, or How to Build the Future" (2014)
Quality
Quality is never an accident; it is always the result of intelligent effort. John Ruskin – English writer, painter and social philosopher (1819-1900), from "The Stones of Venice", volume I (1851)
Learn from the best
The trick is to learn most lessons from the experiences of others. Warren Buffett - American value investor, Chairman of Berkshire Hathaway (*1930), in his letter to Berkshire Hathaway Shareholders (1985)
Above average
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time. Charlie Munger – Vice Chairman of Berkshire Hathaway (1924-2023), from an innterview with Vishal Khandelwal "When I Met the Legends of Investing - Part 1" (www.safalniveshak.com, October 31, 2012)
Emotion beats knowledge
A lot of people with high IQs are terrible investors because they've got terrible temperaments. Charlie Munger – Vice Chairman of Berkshire Hathaway (1924-2023), quoted in "Value Investing: A Value Investor’s Journey Through the Unknown" (2015)
Knowledge
What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so. wisdom, falsely attributed to Mark Twain – born Samuel Langhorne Clemens, American writer (1835-1910), could not be verified by the Mark Twain Museum in Hartford, Connecticut
Difficulties
Difficulties are God's curriculum for those who want to excel. Dr. Samuel R. "Sam" Chand – American senior pastor, college president, author, and mentor, from "Leadership Pain: The Classroom for Growth" (2015)
Patience
Adopt the pace of Nature. Her secret is patience. Ralph Waldo Emerson - American writer (1803-1882), from his essay "Education", published in "The complete works of Ralph Waldo Emerson", volume 10: "Lectures and biographical sketches" (posthumously1883)
Against forgetting
The dead outnumber the living [...] fourteen to one, and we ignore the accumulated experience of such a huge majority of mankind at our peril. Niall Ferguson – British-born American historian (b. 1965), from "Civilization: The West and the Rest" (2011)
Quotes
The wisdom of the wise, and the experience of ages, may be preserved by quotation. Isaac D'Israeli - English writer and literature historian (1766-1848), father of two-time British Prime Minister Benjamin Disraeli (1804-1881), from "Curiosities of Literature" (1859)
Knowledge and experience
The young man knows the rules, but the old man knows the exceptions. Oliver Wendell Holmes, Sr. - American physician and writer (1809-1894), from his Valedictory Address, delivered to the Graduating Class of the Bellevue Hospital College (March 2, 1871), reprinted in the "New York Medical Journal", issue 13 (April 1871), Quotations book 2024
Wise from experience
The value of experience is not in seeing much, but in seeing wisely. Sir William Osler - Canadian physician, physiologist and medicine historian (1849-1919), from his essay "Aequanimitas" (1889)
Truth
Boil things down to their fundamental truths and reason up from there. Elon Musk – South African-born American engineer, designer and founding entrepreneur: Tesla (b. 1971), in an interview with TED Curator Chris Anderson (16 August 2016), Quotations book 2024
Lern from quotes
One of my hobbies is collecting quotations. Socrates said employ your time in reading great people’s lives so you can learn in a very simple way what it took them all their life to do. The best way I found to do that is in a quote. Sometimes in a quote you can capture what a person took a whole life to learn, incredible wisdom through that. I have about 8,000 quotes on my computer and I log...