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Aristotle
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Aristotle
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The society that loses its grip on the past is in danger, for it produces men who know nothing but the present, and who are not aware that life had been, and could be, different from what it is.
Aristotle
Grip
Danger
Present
Aware
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The true and the approximately true are apprehended by the same faculty; it may also be noted that men have a sufficient natural instinct for what is true, and usually do arrive at the truth. Hence the man who makes a good guess at truth is likely to make a good guess at probabilities.
Aristotle
Approximate
Apprehend
Sufficient
Guess
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“I am certainly not one of those who need to be prodded. In fact, if anything, I am the prod.â€
Winston Churchill
Certain
Prodded
Those
Anything
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“There is no time for ease and comfort. It is time to dare and endure.â€
Winston Churchill
Endure
Comfort
Ease
Time
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Those who educate children well are more to be honored than they who produce them; for these only gave them life, those the art of living well.
Aristotle
Children
Honor
Produce
Educate
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Winston Churchill
Nothing
Life
Shot
Result
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“No crime is so great as daring to excel.â€
Winston Churchill
Daring
Excel
Crime
Great
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“I always seem to get inspiration and renewed vitality by contact with this great novel land of yours which sticks up out of the Atlantic.â€
Winston Churchill
Inspiration
Renewed
Vitality
Atlantic
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“Ending a sentence with a preposition is something up with which I will not put.â€
Winston Churchill
Sentence
Something
Preposition
Which
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The difference between successful people and really successful people is that really successful people say no to almost everything.
Warren Buffet
Successful
People
Almost
Everything
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Warren Buffet
Money
Earn
Speaking
Nonsense
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Not doing what we love in the name of greed is the very poor management of our lives.
Warren Buffet
Love
Greed
Poor
Management
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffet
Money
Rule
Never
Forget
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Warren Buffet
Necessary
Extraordinary
Things
Result
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Warren Buffet
Risk
Come
What
Know
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You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Warren Buffet
Scientist
Game
Invest
Beat
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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
Warren Buffet
Great
Talent
Effort
Woman
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Warren Buffet
Opportunity
Rain
Thimble
Gold
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We live in deeds, not years; in thoughts, not breaths; in feelings, not in figures on a dial. We should count time by heart throbs. He most lives who thinks most, feels the noblest, acts the best.
Aristotle
Live
Deed
Breath
Figure
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We must be neither cowardly nor rash but courageous.
Aristotle
Neither
Coward
Rash
Courage
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You will never do anything in the world without courage. It is the greatest quality of the mind next to honor.
Aristotle
World
Courage
Quality
Honor
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Weeds are flowers, too, once you get to know them.
A. A. Milne
Weed
Flower
Once
Know
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What an investor needs is the ability to correctly evaluate selected businesses. Note that word selected: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
Warren Buffet
Competence
Boundary
Ability
Investor
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What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know.
Warren Buffet
Invest
People
Count
Realistic
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Warren Buffet
Trade
Profit
Forced
Choose
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Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
Warren Buffet
Diversification
Ignorance
Protection
Sense
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We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as “the possibility of loss or injury.
Warren Buffet
Business
Economy
Buying
Possibility
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Warren Buffet
Ignorance
Leverage
Combine
Result
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A. A. Milne
People
Nothing
Every
Day
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Rivers know this: there is no hurry. We shall get there some day.
A. A. Milne
River
There
Hurry
Shall
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I’m not interested in cars and my goal is not to make people envious. Don’t confuse the cost of living with the standard of living.
Warren Buffet
Envious
Goal
Cost
Living
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Do not save what is left after spending; instead spend what is left after saving.
Warren Buffet
Saving
Spend
Left
What
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If you buy things you do not need, soon you will have to sell things you need.
Warren Buffet
Sell
Things
Buy
Need
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I'm not lost for I know where I am. But however, where I am may be lost.
A. A. Milne
Lost
Know
Where
However
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
Warren Buffet
Snowball
Important
Life
Long
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Warren Buffet
Control
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Agenda
People
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If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.
Warren Buffet
Money
Institution
Alma
Employee
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Warren Buffet
Forecast
Future
Nothing
Deal
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Piglet noticed that even though he had a Very Small Heart, it could hold a rather large amount of Gratitude.
A. A. Milne
Piglet
Though
Small
Heart
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Sometimes, if you stand on the bottom rail of a bridge and lean over to watch the river slipping slowly away beneath you, you will suddenly know everything there is to be known.
A. A. Milne
Stand
Bridge
Bottom
Beneath
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Don't underestimate the value of Doing Nothing, of just going along, listening to all the things you can't hear, and not bothering.
A. A. Milne
Value
Along
Listen
Hear
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Pay attention to where you are going because without meaning you might get nowhere.
A. A. Milne
Pay
Where
Without
Might
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Organization is what you do before you do something, so that when you do it, it’s not all mixed up.
A. A. Milne
What
Before
That
Mixed
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Warren Buffet
Money
Dose
Rationality
Sedates
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Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
Warren Buffet
Convention
Route
Group
Individual
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Warren Buffet
Pleasure
Crowd
Intellect
Temperament
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A. A. Milne
Promise
Forget
Even
Hundred
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Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.
Warren Buffet
Game
Focus
Won
Scoreboard
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