“Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” MindLongHardAbleValuesTermDealsEffortWillingHard WorkDisciplineSucceedInvestmentInvestingLong TermSufficientHorizonInvestorsStrictFractionsMind Set Author:Seth Klarman
“In recent years, we've become enamored with our own past success. Lulled into complacency by the glitter of our own achievements. We've become accustomed to the title of Military Superpower, forgetting the qualities that got us there. We've become accustomed to our economic dominance in the world, forgetting that it wasn't reckless deals and get rich quick schemes that got us where we are, but hard work and smart ideas, quality products and wise investments.” WorldYearsIdeasHardAmericaPastForgetDealsQualityRichWiseEconomicMilitaryProductsHard WorkAchievementSmartInvestmentTitlesSchemesAccustomedRecklessComplacencyGet RichDominanceGlitterSuperpowerEnamoredPast SuccessGet Rich Quick Author:Barack Obama
“The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.” AbleFormDealsEvidencePerformancesInvestmentInvestingDebateSuperiorsManagersGoodsReviewsRelevantSelectionJuryScottishVerdictPortfoliosSuperior Performance Author:Paul Samuelson
“People need such a small amount of money to deal with their own daily life. Because wherever I went to school they taught me about millions of dollars. I dealt with billions of dollars in national plans and investment plans and so on. Not this tiny money, $27 for 42 people.” PeopleNeedsSchoolDealsMillionsPlansTaughtAmountDollarsInvestmentBillionsTinyDaily LifeSmall Amounts Author:Muhammad Yunus
“Staying, we all know, is not the norm in our mobile culture. A great deal of money is spent each day to create desires in each of us that can never be fulfilled. I suspect that much of our restlessness is a return on this investment.” KnowsDesireCultureDealsReturnInvestmentEach DayStayingSuspectsFulfilledNormMobileRestlessness Book:The Wisdom of Stability: Rooting Faith in a Mobile Culture Source: The Wisdom of Stability: Rooting Faith in a Mobile Culture