“Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.”
Wise feeling
Wise Quotes — page 203 of 916
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
“How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.”
“It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.”
“We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current.”
“All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.”
“The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and bets and the odds change based on what's bet. That's what happens in the stock market.”
“Those who will not face improvements because they are changes, will face changes that are not improvements.”
“A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business”
“Paul Jewell's sides are always hard to break down, although Manchester United have a habit of breaking his sides down pretty easily.”
“Frida Kahlo taught me a lot without ever bragging about anything.”
“Seek Not Every Quality In One Individual.”
“When you know a thing, to hold that you know it, and when you do not know a thing, to allow that you do not know it - this is knowledge.”
“Success is a lot like a bright, white tuxedo. You feel terrific when you get it, but then you're desperately afraid of getting it dirty, of spoiling it in any way.”
“As the funds you will expend have come from many places in the world, so let there be no territorial, religious, or color restrictions on your benefactions, but beware of organized, professional charities with high-salaried executives and a heavy ratio of expense.”
“To realize the unimportance of time is the gate to wisdom.”
“When we see a natural style, we are astonished and charmed; for we expected to see an author, and we find a person.”
“It is not what you say or hope or wish or intend but only what you do that counts. Your choices tell you unerringly who you really are.”
“I'm not a master. I'm a student-master, meaning that I have the knowledge of a master and the expertise of a master, but I'm still learning. So I'm a student-master. I don't believe in the word 'master.' I consider the master as such when they close the casket.”
“Through my own observations. I am convinced that an absolutely honest and direct inquiry into oneself will lead to understanding.”