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Decision Quotes

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Decision Quotes

“I don't think women can have it all. I just don't think so...My husband and I have been married for 34 years, and we have two daughters. And every day you have to make a decision about whether you are going to be a wife or a mother. In fact, many times during the day you have to make those decisions...We co-opted our families to help us. We plan our lives meticulously so we can be decent parents. But if you ask our daughters, I'm not sure they will say that I've been a good mom.”

“The 'American dream' ... means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The 'American dream' also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them. In recent years, the dream has been fading.”

“There are two options for any society: total prohibition as in a totalitarian state, or total license. Both avoid the ardours of decision. Both have the attraction of certainty. The difficult option is to decide where the line should be drawn and this, surely, is the responsiblity of any civilized and democratic country.”

“It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.”

“There is a force that controls all your decisions. It influences how you think and feel every moment you're alive. It determines what you will do and what you will not do. It determines how you feel about anything that occurs in your life. That force is your beliefs.”

“Americans, more than most people, believe that history is the result of individual decisions to implement conscious intentions. For Americans, more than most people, history has been that.... This sense of openness, of possibility and autonomy, has been a national asset as precious as the topsoil of the Middle West. But like topsoil, it is subject to erosion; it requires tending. And it is not bad for Americans to come to terms with the fact that for them too, history is a story of inertia and the unforeseen.”

“Make the decision that you'll no longer use excuses to keep you from what you know is in your best interest. Today, act on something you've always avoided and explained away with a convenient excuse. Make a phone call you've been putting off, write a letter to a friend, put on a pair of walking shoes and go for a stroll, clean out your closet—do something you've been justifying not doing with excuses.”

“While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.”

“Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.”

“Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.”

“Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon the advice of others without understanding and approving the decision made.”

“I have not said your values are wrong. But neither are they right. They are simply judgments. Assessments. Decisions. For the most part, they are decisions made not by you, but by someone else. Your parents, perhaps. Your religion. Your teachers, historians, politicians.”

“There's nothing "wrong" with anything. "Wrong" is a relative term, indicating the opposite of that which you call "right." Yet, what is "right"? Can you be truly objective in these matters? Or are "right" and "wrong" simply descriptions overlaid on events and circumstances by you, out of your decision about them?”

“Thinking is hard. Making value judgments is difficult. It places you at pure creation, because there are so many times you'll have to say, "I don't know. I just don't know." Yet still you'll have to decide. And so you'll have to choose. You'll have to make an arbitrary choice. Such a choice - a decision coming from no previous personal knowledge - is called pure creation. And the individual is aware, deeply aware, that in the making of such decisions is the Self created.”

“... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.”