Here’s 10 inspirational quotes from some of the masters of investment, business and personal development. 1. “In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.” Erik Falkenstein 2. “Risk is what’s left over when you think you’ve thought of everything.” Carl Richards How to grow a multi million dollar property portfolio 3. “If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.” Bill Bonner 4. “It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” Charlie Munger 5. “What looks like tomorrow’s problem is rarely the real problem when tomorrow rolls around.” Dan Gardner 6. “The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” Jesse Livermore 7. “No one can foresee the consequences of trivia and accident, and for that reason alone, the future will forever be filled with surprises.” Dan Gardner 8. “When you first start to study a field, it seems like you have to memorize a zillion things. You don’t. What you need is to identify the core principles — generally three to twelve of them — that govern the field. The million things you thought you had to memorize are simply various combinations of the core principles.” John Reedar 9. “Read 500 pages [of books, magazines, reports, etc.] every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” Warren Buffet 10. “To better avoid errors, you should talk to people who disagree with you and you should talk to people who are not in the same emotional situation you are.” Daniel Kahneman Bonus quote for the week: 11. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett
Posted on: Sun, 21 Dec 2014 20:13:21 +0000
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