Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
If a business does well, the stock eventually follows.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever.
Risk comes from not knowing what you're doing.
Be fearful when others are greedy and be greedy only when others are fearful.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Benjamin Graham stressed that Mr. Market could be madly bullish or masochistically bearish at times. He stressed the importance of understanding the value of your holdings, and not worry about Mr. Market's pricing, except in the sense that a manically depressive bearish market would provide good entry points, and a madly bullish one, good exit points. Both styles of market constantly rotate through our lifetimes
Monday, March 10, 2008
Tuesday, August 22, 2006
Mother Teresa
Some beautiful quotes from Mother Teresa:
Do not think that love, in order to be genuine, has to be extraordinary. What we need is to love without getting tired.
Every time you smile at someone, it is an action of love, a gift to that person, a beautiful thing.
In the end of our lives, we will not be judged by how many diplomas we have received, how much money we have made or how many great things we have done. We will be judged by ‘I was hungry and you gave me to eat. I was naked and you clothed me. I was homeless and you took me in'.
I think today the world is upside down, and is suffering so much because there is so very little love in the home, and in family life. We have no time for our children, we have no time for each other, there is no time to enjoy each other.
Love begins at home; love lives in homes, and that is why there is so much suffering and so much unhappiness in the world today...Everybody today seems to be in such a terrible rush, anxious for greater developments and greater riches and so on, so that children have very little time for their parents. Parents have very little time for each other, and in the home begins the disruption of the peace of the world.
If you judge people, you have no time to love them.
I have found the paradox, that if you love until it hurts, there can be no more hurt, only more love.
I am not sure exactly what heaven will be like, but I do know that when we die and it comes time for God to judge us, he will NOT ask, How many good things have you done in your life?, rather he will ask, How much LOVE did you put into what you did?
Do not think that love, in order to be genuine, has to be extraordinary. What we need is to love without getting tired.
Every time you smile at someone, it is an action of love, a gift to that person, a beautiful thing.
In the end of our lives, we will not be judged by how many diplomas we have received, how much money we have made or how many great things we have done. We will be judged by ‘I was hungry and you gave me to eat. I was naked and you clothed me. I was homeless and you took me in'.
I think today the world is upside down, and is suffering so much because there is so very little love in the home, and in family life. We have no time for our children, we have no time for each other, there is no time to enjoy each other.
Love begins at home; love lives in homes, and that is why there is so much suffering and so much unhappiness in the world today...Everybody today seems to be in such a terrible rush, anxious for greater developments and greater riches and so on, so that children have very little time for their parents. Parents have very little time for each other, and in the home begins the disruption of the peace of the world.
If you judge people, you have no time to love them.
I have found the paradox, that if you love until it hurts, there can be no more hurt, only more love.
I am not sure exactly what heaven will be like, but I do know that when we die and it comes time for God to judge us, he will NOT ask, How many good things have you done in your life?, rather he will ask, How much LOVE did you put into what you did?
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