Warren Buffett Quotation

You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy. 
 
 Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.  
 
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.” 
 

Quotation

If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor. 

Charlie Munger

“10 Paradoxical Commandments of Leadership” by Kent Keith

01. People are illogical, unreasonable, and self-centered.

      Love and trust them anyway.  

02. If you do good, people will accuse you of selfish, ulterior motives.

      Do good anyway.  

03. If you are successful, you will win false friends and true enemies.

      Succeed anyway.  

04. The good you do today will be forgotten tomorrow.

      Do good anyway.  

05. Honesty and frankness make you vulnerable.

      Be honest and frank anyway.  

06. The biggest people with the biggest ideas can be shot down by the smallest people with the smallest minds.

      Think big anyway.  

07. People favor underdogs but follow top dogs.

      Fight for a few underdogs anyway.  

08. What you spend years building may be destroyed overnight.

      Build anyway.  

09. People really need help but may attack you if you help them.

      Help people anyway.  

10. Give the world the best you have, and you may get kicked in the teeth.

      Give the world your best anyway.

Quotation

“In investing, what is comfortable is rarely profitable.” 

Robert Arnott

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” 

Jesse Livermore

Quotation

Happiness is a journey, not a destination. 

“Sing like nobody’s listening, Live like it’s Heaven on Earth, Work like you don’t need money, Love like you’ve never been hurt, and Dance like no one’s watching.”  

– Crystal Boyd