“A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.” WellsMayHas BeensRealValuesSoundLossCommonCompanyKnownPositionBearsCostPaperLowsConsequenceThirdsImportanceSellsExtraordinaryDefinedAffectedInvestorsDeclineCentsConvincingIndicationDeterioration Author:Benjamin Graham
“When a warrior has put an end to his routines, when he doesn't care anymore whether he has company or is alone, because he has heard the silent whisper of the spirit; then you can say that, truly, he has died. From that point on, even the simplest things in life become extraordinary for him.” EndsCareSpiritCompanyHeardDiedSilentExtraordinaryWarriorThings In LifeSimplestHe Doesn't Care Author:Carlos Castaneda
“Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.” MayCompanyPrinciplesPracticeDangerousCapableConsequenceGainsTradeExtraordinaryOccasionsStrictBankingSpeculationFlatteringStrict Rules Book:An inquiry into the nature and causes of the wealth of nations Source: An inquiry into the nature and causes of the wealth of nations
“When I look at founders and CEOs like Mark Zuckerberg at Facebook and Brian Chesky at Airbnb and Sebastian Thrun at Udacity, these are companies that are creating extraordinary social good and extraordinary economic and educational empowerment, all within with context of a for-profit model.” LooksSocialCompanyEconomicCreatingModelsEmpowermentMarkExtraordinaryProfitEducationalFoundersCeoBrianSocial GoodZuckerbergAirbnb Author:Laura Arrillaga-Andreessen