Business and Investing Quotations

A small leak will sink a great ship. - Ben Franklin

 

There is a great difference between knowing and understanding; you can know a lot about something and not really understand it. - Charles F. Kettering

 

"You're crazy if you think the game is completely fair."
- Jim Cramer


“More generally, running an investment portfolio is not work in the ordinary sense of the word. It is something else. It is risk taking. The amount of work you need to do is inversely related to your success. That is to say, if you are a salesman or a craftsman, your success is directly related to the amount of work you put in. The more you hammer away, the more goods you produce; the more customers you visit, the more orders you are likely to take. There is a direct relationship. When you are taking risks, if you make the right judgment, if you have the right insight, then you don’t need to work very hard. But if you make a mistake, and there is a divergence between your hypothesis and the actual course of events, you need to do some serious research to find out what’s wrong. The less successful you are, the more you’re going to have to work to correct the situation. If the portfolio is doing well, you’ll have to work less. There is an inverse relationship.”
- George Soros


“I don’t work, so money don’t really mean anything to me.”
- Jackie (from that 70s show)


Ally: "Love isn't always enough."
Larry: "If you go without it long enough, you realize it's everything."
– Ally Mcbeal


"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
- George Carlin

 

"This land is blessed in having to surmount only one tyranny: that of the status quo." - Milton and Rose Friedman

 

A penny will hide the biggest star in the universe if you hold it close enough to your eye. - Samuel Grafton

 

No man that does not see visions will ever realize any high hope or undertake any high enterprise. - Woodrow Wilson

 

As knowledge increases, wonder deepens. - Charles Morgan

 

Nothing really works unless you would rather be doing something else. - James Matthew Barrie

 

The world is filled with willing people; some willing to work, the rest willing to let them. - Robert Frost

 

Three from Warren Buffett on the topic of the Efficient Market Hypothesis:


"I'd be a bum on the street with a tin cup if the markets were always efficient."

"Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards."

"It has been helpful to me to have tens of thousands (of students) turned out of business schools taught that it didn't do any good to think."

DS