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Opinion Quotes

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Opinion Quotes

“If the man succeeds in becoming indifferent to the opinions of his neighbors he runs into another danger, that of a distorted and extravagant self of the pride sort, since by the very process of gaining independence and immunity from the stings of depreciation and misunderstanding, he has perhaps lost that wholesome deference to some social tribunal that a man cannot dispense with and remain quite sane.”

“At length weariness succeeds to labor, and the mind lies at ease in the contemplation of her own attainments without any desire of new conquests or excursions. This is the age of recollection and narrative; the opinions are settled, and the avenues of apprehension shut against any new intelligence; the days that are to follow must pass in the inculcation of precepts already collected, and assertion of tenets already received; nothing is henceforward so odious as opposition, so insolent as doubt, or so dangerous as novelty.”

“The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.”

“It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”