Nuggets of Wisdom

 

  • Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.
  • If I had eight hours to chop down a tree, I’d spend six hours sharpening my axe. – Abraham Lincoln
  • There are those who know that they are in the game; there are those who don’t know they are in the game; and there are those who don’t know they are in the game and have become the game. – Louis Moore Bacon
  • It is not impossibilities which fill us with the deepest despair, but possibilities which we have failed to realize. – Robert Mallet
  • Nothing accelerates trust like hard work. – John D’ Agostino
  • A good government encourages production, a bad government encourages consumption.
  • ‎”It’s always important to remember that you’re only a customer if you pay money for a product. If it’s “free”, you’re the product being sold.” – Thomas Fuchs
  • Statistics are like a bikini. What they reveal is suggestive, but what they conceal is vital. – Aaron Levenstein
  • Long and wrong or short and squeezed?
  • Government big enough to supply everything you need is big enough to take everything you have … The course of history shows that as a government grows, liberty decreases. – President Gerald Ford
  • A man only begins to be a man when he ceases to whine and revile, and commences to search for the hidden justice which regulates his life. – James Allen
  • ‘If’ should never be in the dictionary cause you never see the flip side of that. – Michael Jordan
  • In theory, there is no difference between theory and practice. In practice there is – Yogi Berra
  • The measure of a man is what he does with power, and, wise men speak because they have something to say; fools because they have to say something. – Plato
  • We often look at the price of doing something, but we don’t look at the cost of not.   – Craig Valentine, World Champion Public Speaker.
  • Be driven by your vision, or you’ll be taken for a ride in someone else’s. – Craig Valentine, World Champion Public Speaker.
  • Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. – Aristotle
  • Price is observable and objective while value is perceived and subjective. – John Murphy
  • Clothes are functional, they keep you warm… fashion is superficial, it gets you laid
  • “Imagination was given to man to compensate him for what he is not, and a sense of humor was provided to console him for what he is.” – Sir Francis Bacon
  • I spent a lot of money on booze, birds and fast cars. The rest I just squandered. – George Best
  • My other ride is a spaceship – Sir Richard Branson, Founder of Virgin Galactic & the Virgin Empire
  • A long term-investment is when I break even.
  • You need three bear markets to know what to do. The first nearly wipes you out, the second you learn how to survive and the third you take by the scruff of the neck and enjoy it. – Crispin Odey of Odey Asset Management
  • This time it’s different. – Sir John Templeton
  • Holding cash is uncomfortable, but not as uncomfortable as doing something stupid. – Warren Buffet
  • “As a rule, Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works…. The Failure of great banks… and mercantile firms…are the symptoms incident to the disease, not the disease itself.” – John Stuart Mill (1867)
  • You know your business has made it when it enters popular lexicon. I ‘googled’ this, I ‘facebooked’ her, I ‘groupon’ that.
  • Fashion models and financial models bear a similar relationship to the everyday world. Fashion models are idealised concepts of male and female beauty. Financial models are idealised representations of the real world. Neither is real. Models don’t quite work in the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment. – Satyayit Das
  • You only live once but if you work it right, once is enough. – Joe E. Lewis
  • If you’re gonna play the game, boy, ya’ gotta learn to play it right. – Kenny Rogers  & Don Schlitz in The Gambler
  • None are more hopelessly enslaved than those who falsely believe they are free. – Johann Wolfgang von Goethe
  • There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. – Jesse Livermore
  • After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! – Jesse Livermore
  • They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. – Jesse Livermore in Reminiscences of a Stock Operator
  • If you talk to God, you are praying; If God talks to you, you have schizophrenia – Thomas S. Szasz
  • The financial markets paid a lot of people extremely well for narrow expertise and a few people, poorly, for the big, global views you needed to have if you were to allocate capital across markets. – Michael Lewis, The Big Short
  • The markets can remain irrational longer than you can remain solvent – John Maynard Keynes
  • When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing – Chuck Prince, former CEO at Citibank just before the credit crunch.
  • Something that fails to live up to perfection is more despised than something that was never idealized in the first place – Aaron Brown, former risk manager at Morgan Stanley
  • I like my women like I like my derivatives trading. OPTIONS!
  • Success Requires No Explanation, Failure Permits No Alibis – Napoleon Hill
  • Perfection is the goal, excellence may be tolerated.
  • We never really increase our wealth, we only attain new levels of relative poverty – Nassim Taleb
  • Entrepreneurship is the relentless pursuit of opportunity beyond the constraints of resources currently controlled  – Harvard MBA definition of Entrepreneurship

  • There is some knowledge money can’t buy, for everything else there is Wikipedia. – DW on his donation to the Wikipedia Foundation

  • I have never let my academic pursuit interfere with my education. – DW on his PhD

  • Sure the size of the stick matters, but it also matters who is swinging it.

  • I’d like to be a big dog in a small yard.

  • Never in recorded history, has the supply of capital not overwhelmed the supply of opportunity – Joseph Lassiter

  • It is difficult to get a man to understand something when his salary depends upon his not understanding it – Upton Sinclair

  • Avoid the unmanageable, manage the unavoidable – Thomas Friedman

  • At the precipice, we change – The Day the Earth Stood Still

  • Business is more important than government – Jack Welch

  • The first person you hypnotise is yourself – Geoffrey Ronning

  • The first person you sell to is yourself – Patricia Fripp

  • Good writing does not succeed or fail on the strength of its ability to persuade. It succeeds or fails on the strength of its ability to engage you, to make you think, to give you a glimpse into someone else’s head – Malcolm Gladwell

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  1. Rich
    December 8, 2009 at 3:04 am

    Very inspirational quotes indeed

  2. kay
    December 11, 2009 at 12:49 am

    Cool words!

  3. Zhuma
    January 13, 2010 at 2:30 pm

    Thats what I need to look at time to time

  4. January 13, 2010 at 2:54 pm

    lol, I try to remind myself everyday…

  5. Anonymous
    June 30, 2011 at 8:50 am

    Nice Blog !!! your the best

  6. Fishy
    July 20, 2011 at 10:36 pm

    “I like my women like I like my derivatives trading. OPTIONS!”
    No wonder you like tradin 🙂

  7. Fishy
    July 20, 2011 at 10:37 pm

    “I like my women like I like my derivatives trading. OPTIONS!”
    No wonder you like trading 🙂

  8. Virginia Ritche
    June 7, 2013 at 7:10 am

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    my twitter group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Thank you

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