Quotes

Thoughts for May 2021

"The highest form of Wealth is the ability to wake up every morning and say - "I can do whatever I want today."
- Morgan Housel


"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life."
- Suze Orman

 

Thoughts for April 2021

"Be clear about the purpose of money. Money is like health. It is necessary for survival. But it is not what you live for."
- Ernie J Zelinski

"New investors only consider possibilities. Experienced investors consider possibilities and probabilities."
- Brian Feroldi

"My largest positions aren't the ones I think I'm going to make most money from. My largest positions are the ones  where I don't think I'm going to lose money."
- Joel Greenblatt

Thoughts for March 2021

"The key to dealing with the future is in knowing where we are, even if we can't know precisely where we are going."
- Howard Marks


"Investing is a business where you can look silly for a very long time before you are proven right."
- Bill Ackman


"It ain't what you don't know that gets you into trouble. Its what you know for sure that ain't so."
- Mark Twain.
 

Thoughts for February 2021


"Predicting rain doesn't count. Building an ark does."
- Noah's Rule


"Our inability to look beyond the latest news cycle could be one of the most dangerous traits of our generation."
- Richard Fisher


"The best kept secret in the investing world - almost nothing turns out as expected."
- Harry Browne
 

Thoughts for January 2021

"The markets can remain irrational a lot longer than you and I can remain solvent."
- John Maynard Keynes


"The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome."
- Peter L Bernstein


"Understanding yourself and your own tendencies can be much more helpful to the investment process than knowing exactly what's going on in the markets. You have no control over what's going to happen in the markets, but you have complete control over your reaction to them."
- Ben Carlson.
 

Thoughts for December 2020

“You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.” – Ray Dalio

“Its waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.” – Charlie Munger

“If you trade in future you wont have a future, if you trade in options you will have multiple options.” – Anonymous

Thoughts for November 2020

“Big money is not in buying and the selling, but in waiting.” – Charlie Munger

“Understanding that we do not know the future is such a simple statement, but its so important. Investors do better where risk management is a conscious part of the process. Survival is the only road to riches.” – Peter L Bernstein

“To buy when others are despondently selling and to sell when others are euphorically buying takes the greatest courage but provides the greatest profit.” – Sir John Templeton

“I have two basic rules about winning in trading and in life. 1) If you don’t bet, you can’t win. 2) If you lose all your chips, you can’t bet” – Larry Hite

“To invest successfully over a lifetime does not require a stratospheric IQ, usual business insights or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework”. – Benjamin Graham