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Finance Quotations – 04

March 19th, 2009

Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
Warren Buffett

When investing, pessimism is your friend, euphoria the enemy.
Warren Buffett

Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain

Anyone who lives within their means suffers from a lack of imagination.
Oscar Wilde

I can’t give you a formula for success, but I can give you a formula for failure: try to please everybody all the time.
Herbert Bayard Swope

Many a false step was made by standing still
Fortune Cookie

Named must your fear be before banish it you can.
Yoda

Action may not always bring happiness, but there is no happiness without action.
Benjamin Disraeli

It’s lonely at the top. Ninety-eight percent of the people in this world are convinced they are incapable of achieving great things. So they aim for the mediocre. The level of competition is thus fiercest for ‘realistic’ and ‘mediocre’ goals, paradoxically making them the most time and energy-consuming, and the most difficult to achieve. Do not overestimate the competition and underestimate yourself. Unreasonable and ‘unrealistic’ goals are easier to achieve than you think.
Timothy Ferriss

One does not accumulate but eliminate.  It is not daily increase but daily decrease.  The height of cultivation always runs to simplicity.
Bruce Lee

Perfection is not when there is no more to add, but no more to take away.
Antoine De Saint-Exupery

It is vain to do with more what can be done with less.
William of Occam

What gets measured gets managed.
Peter Drucker

A man is rich in proportion to the number of things he can afford to let alone.
Henry David Thoreau

All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but calculating risk and acting decisively.  Make mistakes of ambition and not mistakes of sloth.  Develop the strength to do bold things, not the strength to suffer.
Niccolo Machiavelli

If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time.
Chinese Proverb

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