Margin of Safety
We are not paid by our customers to hold stocks without a margin of safety. Amit Wadhwaney – American fund manager (b. 1953)
All Quotes
Follow-through
Those who are blessed with the most talent don”t necessarily outperform everyone else. It”s the people with follow-through who excel. Mary Kay Ash – American entrepreneur, founder of Mary Kay Cosmetics and philanthropist (1915-2001), from “Mary Kay on People Management”, page 57 (1985)
Theorists
If economists wished to study the horse, they wouldn´t go and look at horses. They´d sit in their studies and say to themselves, “what would I do if I were a horse?” attributed to Ely Devon – british economist (1913-1967)
Responsibility
Love means that life has no meaning except in terms of responsibility; responsibility toward our family, toward our nation, toward our civilization, and now, by the pressures of history, toward the universe of mankind, which includes our enemies. attributed to Reinhold Niebuhr – German-Born American theologian (1892-1971)
Laws
Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place. Frédéric Bastiat – French economist and journalist (1801-1850)
Pleasure
Pleasure is the only thing to live for. Nothing ages like happiness. Oscar Wilde – Irish writer (1854-1900), published in “Chamäleon” (1894)
Crisis
The word crisis in Chinese is composed of two characters: the first is the symbol of danger… the second of opportunity. from the dictionary
Well
Whatever is worth doing at all, is worth doing well. Philip Dormer Stanhope, 4th Earl of Chesterfield – British statesman (1694-1773), in a letter to his son from October 9th, 1746, Quotations book 2024
Good theories
I like good theories. They work better. often falsely attributed to Albert Einstein
Learning
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)
Give the best
Give to the world the best you have, and the best will come back to you. Madeline Bridges – born Mary Ainge de Vere, American poet (1844-1920)
Money
Money is a great treasure that only increases as you give it away. attributed to Sir Francis Bacon – English philosopher, politician and writer (1561-1626), Quotations book 2018
Investing
Investing in a market sector simply because “it”s done so well” is like choosing to plant corn in October because your neighbor”s corn has grown so well since April. Ronald H. “Ron” Muhlenkamp – American investor, fund Manager and author, founder of Muhlenkamp & Company (b. 1944)
Riches
Riches enlarge rather than satisfy appetites. attributed to Thomas Fuller – English monk and author (1608-1661)
Bequeath
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)
Life
For those who are faithful to you, Lord, life is not lost but changed. from the Catholic requiem